South Central Kansas Housing Market Experiences Significant Valuation Increases Since 2020

Housing valuations in Derby have surged dramatically over the past few years, prompting discussions at the recent City Council meeting about the implications for local residents. Council members highlighted a notable 12% increase in property valuations, reflecting a broader trend of rising housing prices in South Central Kansas that began around six years ago.

The council reviewed historical data, noting that the mill levy had remained relatively stable for about 25 years, only seeing a significant increase in 2005 to fund the fire department. This stability has shifted as the housing market has evolved, raising concerns about affordability and the impact on residents.

Mayor Stetsz and other council members acknowledged the challenges posed by the current housing scarcity and its effect on the community. As Derby navigates these changes, the council is focused on finding solutions to support residents facing rising costs while maintaining essential services. The discussions underscore the need for ongoing attention to housing issues as the city continues to grow.