The story of this market
The typical home in ZIP 14047 sells for about $242,850, or $158 per square foot.
Prices are down 19.02% from a year ago, which gives buyers more room to negotiate. Homes take about 71 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $958 a month.
ZIP 14047 — Derby
The housing market in 14047 is currently experiencing a cooling phase, evidenced by a year-over-year price decline and extended days on market. High interest rates and seasonal factors in the Buffalo region are contributing to a buyer's market environment with moderate inventory levels.
This ZIP is well-suited for families and long-term residents seeking a quieter, suburban lifestyle with proximity to Lake Erie and a manageable commute to Buffalo.
Median prices moved down 19.0% year over year.
Homes spend a median of 71 days on market with 4.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.2% · poverty 13.7% — 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 4.4%/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 4.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 14047, Erie County NY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Derby generally experiences low crime rates consistent with suburban Erie County, with property crime being the primary concern rather than violent incidents.
Schools serving the area are primarily part of the Lake Shore Central School District, which maintains a stable reputation within the regional educational landscape.
The area faces moderate risk from lake-effect snow events common to the Buffalo region, with localized flood risks near the Lake Erie shoreline.
Economic momentum is tied to the broader Buffalo-Niagara metro area, with local development focused on residential stability and small-scale commercial growth.
Property taxes are levied by Erie County, the Town of Evans, and the local school district, with rates reflecting New York's high-tax environment and reliance on local property assessments.
Residents primarily commute by car toward downtown Buffalo via NY-5, with typical drive times ranging from 25 to 35 minutes.
The area features significant access to Lake Erie waterfront parks, including Bennett Beach, and proximity to local golf courses and regional trail systems.
The rental market is characterized by low vacancy rates and steady demand from long-term residents, with limited short-term rental inventory.
The local economy is supported by a mix of healthcare, education, and manufacturing sectors within the greater Buffalo-Niagara region.
Transportation is heavily reliant on personal vehicles, with NY-5 serving as the primary arterial corridor for regional access.
Development is largely focused on residential infill and maintenance of existing infrastructure.
Parcels are subject to Lake Shore Central School District taxes and various municipal utility districts.
Property insurance premiums are influenced by regional lake-effect snow risks and proximity to the Lake Erie shoreline.
Data retrieved from US Census Bureau ZCTA 14047 profiles.
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.
Popular public beach and park area on the shores of Lake Erie.
Features camping, swimming, and picnic areas nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.