Delhi, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Delhi Neighborhoods Since 2000




Delhi, NY 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

Delhi Housing Market Information

With 3,157 people, 668 houses or apartments, and a median cost of homes of $178,272, 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 56.29% 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 ( 20.63%), large apartment complexes or high rise apartments ( 16.97%), and a few row houses and other attached homes ( 3.30%).

Delhi is dominated by renter-occupied one, two, or no bedrooms apartments. 74.82% of Delhi's dwellings are rentals.

The housing in Delhi was primarily built before 1939 ( 56.41%), making the housing stock in Delhi some of the oldest overall in America, although there is a range of ages of homes in Delhi. The next most important housing age is between 1970-1999 ( 22.95%), followed by between 1940-1969 ( 19.78%).

Vacant housing appears to be an issue in Delhi. Fully 18.44% 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

Appreciation rates for homes in Delhi have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.65%, which ranks in the top 50% nationwide. This equates to an annual average Delhi house appreciation rate of 0.16%.

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 1.29%, 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 -0.56%, which equates to an annual appreciation rate of -2.23%.

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

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

Average Home Values

 

Median Home Value:
$178,272

Delhi, NY HOME PRICES

Value Range
> $1,049,000 0.4
$787,001 - $1,049,000 0.1
$525,001 - $787,000 1.8
$420,001 - $525,000 1.1
$315,001 - $420,000 6.3
$210,001 - $315,000 23.5
$105,001 - $210,000 50.1
$53,001 - $105,000 7.8
$0 - $53,000 9.0

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
38.7319817180359 49.6071829405163

Number Of Homes And Apartments:
668

Delhi Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
67.83% 3.05% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$931 / per month

Homeownership Rate

Homeownership
Owners 25.18
Renters 74.82
Vacant 18.44

Housing Market Details

 

Age of Homes

AGE OF Delhi HOMES
2000 or Newer 0.9
1970 - 1999 23.0
1940 - 1969 19.8
1939 or Older 56.4

Types of Homes

TYPE OF Delhi HOMES
Single-Family 56.3
Townhomes 3.3
Small Apt. Buildings 20.6
Apt. Complexes 17.0
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Delhi HOMES
No Bedroom 18.19
1 Bedroom 11.11
2 Bedrooms 20.88
3 Bedrooms 24.30
4 Bedrooms 20.51
5 or more bedrooms 5.01

Zip Codes in Delhi, NY