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Delhi, LA Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Delhi, LA Housing Market Trends

With 2,622 people, 1,052 houses or apartments, and a median cost of homes of $149,329, house prices in Delhi are solidly below the national average.

Single-family detached homes are the single most common housing type in Delhi, accounting for 73.34% of the town's housing units. Other types of housing that are prevalent in Delhi include mobile homes or trailers ( 15.67%), duplexes, homes converted to apartments or other small apartment buildings ( 10.44%).

The most prevalent building size and type in Delhi are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 52.55% owning and 47.45% renting.

There is a lot of housing in Delhi built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Delhi built between 1940-1969 ( 37.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.46%).

Vacant housing appears to be an issue in Delhi. Fully 18.00% 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's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.74% during the period.

Over the last year, Delhi appreciation rates have trailed the rest of the nation. In the last twelve months, Delhi's appreciation rate has been 11.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Delhi were at 2.79%, which equates to an annual appreciation rate of 11.64%.

Relative to Louisiana, our data show that Delhi's latest annual appreciation rate is higher than 60% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$149,329

Delhi, LA HOME PRICES

> $1,254,000
$940,001 - $1,254,000
$627,001 - $940,000
$502,001 - $627,000
$376,001 - $502,000
$250,001 - $376,000
$125,001 - $250,000
$63,001 - $125,000
$0 - $63,000
0.0%
0.0%
0.0%
0.0%
10.6%
10.6%
3.1%
3.1%
2.6%
2.6%
4.1%
4.1%
30.9%
30.9%
26.4%
26.4%
22.2%
22.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for LA

Value Relative To Nation

Number Of Homes And Apartments:
1,052

Delhi Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
159.63% 4.33%
10
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,011 / per month

Homeownership Rate

Owners
Renters
Vacant
52.5%
52.5%
47.5%
47.5%
18.0%
18.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.5%
11.5%
51.4%
51.4%
37.2%
37.2%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.3%
73.3%
0.2%
0.2%
10.4%
10.4%
0.3%
0.3%
15.7%
15.7%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.6%
5.6%
5.4%
5.4%
22.8%
22.8%
46.1%
46.1%
16.0%
16.0%
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Delhi

Zip Codes in Delhi, LA