Delmar, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Delmar Neighborhoods Since 2000




Delmar, 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

Delmar Housing Market Information

With a population of 18,361, 2,386 total housing units (homes and apartments), and a median house value of $299,854, Delmar real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Delmar, accounting for 70.72% of the town's housing units. Other types of housing that are prevalent in Delmar include duplexes, homes converted to apartments or other small apartment buildings ( 14.77%), large apartment complexes or high rise apartments ( 10.76%), and a few row houses and other attached homes ( 3.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Delmar. Owner-occupied housing accounts for 74.41% of Delmar's homes, and 66.27% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Delmar's housing was primarily built during this period, from the '40s through the '60s. A full 37.43% of the town's housing hails from this era. Other housing ages represented in Delmar include homes built between 1970-1999 ( 33.78%) and housing constructed before 1939 ( 18.07%). There's also some housing in Delmar built between 2000 and later ( 10.72%).

Delmar Home Appreciation Rates

Real estate appreciation rates in Delmar's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.28% during the period.

Over the last year, Delmar appreciation rates have trailed the rest of the nation. In the last twelve months, Delmar's appreciation rate has been 2.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Delmar were at 0.82%, which equates to an annual appreciation rate of 3.32%.

Relative to New York, our data show that Delmar's latest annual appreciation rate is higher than 50% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$299,854

Delmar, NY HOME PRICES

Value Range
> $1,037,000 0.2
$778,001 - $1,037,000 0.7
$519,001 - $778,000 5.7
$415,001 - $519,000 8.0
$311,001 - $415,000 28.5
$207,001 - $311,000 36.3
$104,001 - $207,000 18.1
$52,001 - $104,000 0.4
$0 - $52,000 2.0

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
16.3014180241416 32.2109988776655

Number Of Homes And Apartments:
2,386

Delmar 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
62.34% 2.85% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,312 / per month

Homeownership Rate

Homeownership
Owners 74.41
Renters 25.59
Vacant 4.89

Housing Market Details

 

Age of Homes

AGE OF Delmar HOMES
2000 or Newer 10.7
1970 - 1999 33.8
1940 - 1969 37.4
1939 or Older 18.1

Types of Homes

TYPE OF Delmar HOMES
Single-Family 70.7
Townhomes 3.7
Small Apt. Buildings 14.8
Apt. Complexes 10.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Delmar HOMES
No Bedroom 1.28
1 Bedroom 6.84
2 Bedrooms 20.84
3 Bedrooms 36.74
4 Bedrooms 29.53
5 or more bedrooms 4.77