The story of this market
The typical home in ZIP 67037 sells for about $290,000, or $145 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,136 a month.
ZIP 67037 — Derby
The 67037 housing market remains stable with steady demand driven by its proximity to Wichita's aerospace sector. While price growth has moderated, the market maintains a balanced inventory level. Investors should note that while the area is durable, underwriting requires careful attention to local rent and vacancy trends.
This ZIP is ideal for families and professionals working in the Wichita aerospace sector who seek a suburban lifestyle with access to quality schools and community amenities.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 3.5 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 6.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 67037, Sedgwick County KS
The area maintains a stable safety profile with crime rates generally lower than the broader Wichita metropolitan average.
Schools serving the area are primarily part of the Derby Public Schools district, which is generally regarded as providing stable, quality educational outcomes for the community.
The region is subject to standard Midwestern weather risks, including severe thunderstorms and occasional tornado activity, necessitating standard property insurance coverage.
Derby serves as a significant residential hub for the Wichita aerospace industry, with ongoing development focused on suburban expansion and local retail infrastructure.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Kansas) — Kansas Residential Property Tax: Annual tax bill calculated as: (Appraised Fair Market Value * 11.5% Assessment Rate) * (Mill Levy / 1,000). The mill levy is the combined tax rate set by local taxing jurisdictions.
Residents primarily commute via K-15 or I-135 to reach major employment centers in Wichita, with typical drive times ranging from 15 to 25 minutes.
The area features several local parks, the Derby Recreation Center, and proximity to the Arkansas River, providing ample space for outdoor activities and community sports.
The rental market is characterized by moderate demand and stable vacancy rates, with a mix of single-family rentals and apartment complexes.
The local economy is heavily influenced by the Wichita aerospace industry, with many residents employed by major manufacturers and suppliers in the region.
Transportation is primarily automobile-dependent, with well-maintained arterial roads connecting the ZIP to the wider Wichita metro area.
Ongoing planning efforts focus on expanding residential subdivisions and enhancing commercial corridors along major thoroughfares.
The Sedgwick County Appraiser's Office conducts annual property assessments based on market value.
Parcels are subject to various special districts, including school, fire, and library districts, which are reflected in the annual property tax bill.
Property insurance premiums are influenced by regional weather risks, including wind and hail exposure common to the Great Plains.
Data retrieved from US Census Bureau ZCTA profiles and local market reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major community hub offering fitness, aquatic, and sports facilities.
A large municipal park featuring trails, playgrounds, and fishing ponds.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.