The deposit needed to buy a home in Amber Valley has rocketed by 417 per cent over the past ten years, leaving thousands of people without a hope of ever getting on the housing ladder.
National Housing Federation research found that the average down payment in the borough was now £38,369.
That means the area saw the second highest increase in Derbyshire during the last decade, with only house deposits in North East Derbyshire going up by a larger percentage.
Meanwhile, the average price of a home in the borough has gone up from £74,174 to £153,474.
However, wages have only increased by 51 per cent, meaning the gap between house prices and wages has risen 37 per cent in Amber Valley between 2001 and 2011.
Chris Hobson, Derbyshire lead manager for the National Housing Federation, said: “These shocking figures show that it is getting increasingly hard for thousands of people in Derbyshire to buy a home of their own in the current climate.
“With the gap between income and house prices having widened so substantially over the past decade, home ownership continues to be out of reach for ordinary families, and looks set to continue to be so for the foreseeable future.
“A shortage of homes means the price to buy them is being pushed ever higher by the market, and out of reach of millions of hard working families. Unless we start building more homes people can truly afford, to match the demand, this will only get worse.”