Delhi, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Delhi, LA Real Estate Data


Delhi Housing Market Information

With 2,900 people, 1,090 houses or apartments, and a median cost of homes of $99,179, 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 69.60% of the town's housing units. Other types of housing that are prevalent in Delhi include mobile homes or trailers ( 16.07%), duplexes, homes converted to apartments or other small apartment buildings ( 12.98%).

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 49.83% owning and 50.17% 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 ( 37.85%). A lesser amount of the housing stock also hails from before 1939 ( 5.86%). There's also some housing in Delhi built between 2000 and later ( 1.82%).

Vacant housing appears to be an issue in Delhi. Fully 13.70% 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

In the last 10 years, Delhi has experienced some of the highest home appreciation rates of any community in the nation. Delhi real estate appreciated 55.02% over the last ten years, which is an average annual home appreciation rate of 4.48%, putting Delhi in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Delhi definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Delhi's appreciation rate, at 5.01%, has been at or slightly above the national average. In the latest quarter, Delhi's appreciation rate has been 0.57%, which annualizes to a rate of 2.31%.

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

Relative to Louisiana, our data show that Delhi's latest annual appreciation rate is higher than 70% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$99,179

Delhi, LA HOME PRICES

Value Range
> $1,155,000 0.0
$866,001 - $1,155,000 0.0
$578,001 - $866,000 1.3
$462,001 - $578,000 2.5
$347,001 - $462,000 2.3
$231,001 - $347,000 4.5
$115,001 - $231,000 30.2
$58,001 - $115,000 32.1
$0 - $58,000 27.1

Low for LA
Low for Nation

Value Relative to Nation Value Relative to State
79.2703636470106 60.7638888888889

Number Of Homes And Apartments:
1,090

Rent & Ownership

 

Average Market Rent:
$744 / per month

Homeownership Rate

Homeownership
Owners 49.83
Renters 50.17
Vacant 13.70

Housing Market Details

 

Age of Homes

AGE OF Delhi HOMES
2000 or Newer 1.8
1970 - 1999 54.5
1940 - 1969 37.8
1939 or Older 5.9

Types of Homes

TYPE OF Delhi HOMES
Single-Family 69.6
Townhomes 1.0
Small Apt. Buildings 13.0
Apt. Complexes 0.4
Mobile Homes 16.1
Other 0.0

Home Size

SIZE OF Delhi HOMES
No Bedroom 0.00
1 Bedroom 7.52
2 Bedrooms 38.32
3 Bedrooms 44.58
4 Bedrooms 8.39
5 or more bedrooms 1.19

Delhi Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
104.24% 4.29% 10 10
* 10 is highest

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