Delhi appreciation rates and housing market information

Delhi housing market information

With a population of 2,574, 810 total housing units (homes and apartments), and a median house value of $168,898, Delhi real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Delhi, accounting for 58.39% of the village's housing units. Other types of housing that are prevalent in Delhi include duplexes, homes converted to apartments, or other small apartment buildings (24.81%), large apartment complexes or high rise apartments (11.60%), mobile homes or trailers (3.21%), and a few row houses and other attached homes (1.98%).

People in Delhi primarily live in small (one, two, or no bedroom) single-family detached homes. Delhi has a mixture of owner-occupied and renter-occupied housing.

The housing in Delhi was primarily built before 1939 (58.03%), making the housing stock in Delhi some of the older overall in America, although there is a range of ages of homes in Delhi. The next most important Delhi housing age is 1940-1969 (26.54%), followed by 1970-1994 (13.58%). There's also some housing in Delhi built between 1995 and later (1.85%).

Vacant housing appears to be an issue in Delhi. Fully 11.98% of the housing stock is classified as vacant. Left unchecked, vacant Delhi homes and apartments can be a drag on the real estate market, holding Delhi real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Delhi home appreciation rates

Real estate appreciation rates in Delhi have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.72% during the period.

NeighborhoodScout's data show that during the latest twelve months, Delhi home appreciation rates, at 1.14%, have been at or slightly above the national average. In the latest quarter, Delhi's appreciation rate has been 0.44%, which annualizes to a rate of 1.76%.

Relative to New York, our data show that Delhi's latest annual appreciation rate is higher than 51% of the other cities and towns in New York.