Delphi, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Delphi Neighborhoods Since 2000




Delphi, IN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Delphi Housing Market Information

With 2,858 people, 1,081 houses or apartments, and a median cost of homes of $82,888, house prices in Delphi are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in Delphi, accounting for 79.04% of the city's housing units. Other types of housing that are prevalent in Delphi include duplexes, homes converted to apartments or other small apartment buildings ( 15.46%), mobile homes or trailers ( 2.47%), and a few large apartment complexes or high rise apartments ( 1.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Delphi. Owner-occupied housing accounts for 66.60% of Delphi's homes, and 58.01% have either three or four bedrooms, which is average sized relative to America.

The housing in Delphi was primarily built before 1939 ( 38.09%), making the housing stock in Delphi some of the oldest overall in America, although there is a range of ages of homes in Delphi. The next most important housing age is between 1940-1969 ( 31.63%), followed by between 1970-1999 ( 24.46%). There's also some housing in Delphi built between 2000 and later ( 5.82%).

Vacant housing appears to be an issue in Delphi. Fully 13.86% of the housing stock is classified as vacant. Left unchecked, vacant Delphi homes and apartments can be a drag on the real estate market, holding Delphi 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.

Delphi Home Appreciation Rates

Real estate appreciation rates in Delphi's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.67% during the period.

Over the last year, Delphi appreciation rates have trailed the rest of the nation. In the last twelve months, Delphi's appreciation rate has been -0.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Delphi were at -2.14%, which equates to an annual appreciation rate of -8.29%.

Notably, Delphi's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Delphi's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$82,888

Delphi, IN HOME PRICES

Value Range
> $1,044,000 0.0
$783,001 - $1,044,000 0.0
$522,001 - $783,000 0.0
$418,001 - $522,000 0.1
$313,001 - $418,000 0.9
$209,001 - $313,000 3.9
$104,001 - $209,000 24.5
$53,001 - $104,000 55.8
$0 - $53,000 14.9

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
88.6265088480019 89.8190045248869

Number Of Homes And Apartments:
1,081

Delphi Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-2.35% -0.14% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$637 / per month

Homeownership Rate

Homeownership
Owners 66.60
Renters 33.40
Vacant 13.86

Housing Market Details

 

Age of Homes

AGE OF Delphi HOMES
2000 or Newer 5.8
1970 - 1999 24.5
1940 - 1969 31.6
1939 or Older 38.1

Types of Homes

TYPE OF Delphi HOMES
Single-Family 79.0
Townhomes 1.0
Small Apt. Buildings 15.5
Apt. Complexes 2.0
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Delphi HOMES
No Bedroom 0.32
1 Bedroom 15.78
2 Bedrooms 24.78
3 Bedrooms 43.43
4 Bedrooms 14.58
5 or more bedrooms 1.12