Delaware, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Delaware, OH 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Delaware Housing Market Information

With 39,267 people, 14,251 houses or apartments, and a median cost of homes of $198,993, Delaware real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Delaware, accounting for 63.47% of the city's housing units. Other types of housing that are prevalent in Delaware include large apartment complexes or high rise apartments ( 17.58%), duplexes, homes converted to apartments or other small apartment buildings ( 10.94%), and a few row houses and other attached homes ( 5.68%).

The most prevalent building size and type in Delaware are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.37% owning and 40.63% renting.

There is a lot of housing in Delaware 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 Delaware built between 2000 and later ( 29.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.92%). There's also some housing in Delaware built before 1939 ( 12.95%).

Delaware Home Appreciation Rates

Appreciation rates for homes in Delaware have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 21.99%, which ranks in the top 40% nationwide. This equates to an annual average Delaware house appreciation rate of 2.01%.

NeighborhoodScout's data show that during the latest twelve months, Delaware's appreciation rate, at 5.31%, has been at or slightly above the national average. In the latest quarter, Delaware's appreciation rate has been 0.71%, which annualizes to a rate of 2.85%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Delaware differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Delaware - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Delaware real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$198,993

Delaware, OH HOME PRICES

Value Range
> $1,232,000 0.2
$925,001 - $1,232,000 0.0
$617,001 - $925,000 0.1
$493,001 - $617,000 1.4
$370,001 - $493,000 6.8
$246,001 - $370,000 21.3
$124,001 - $246,000 56.8
$62,001 - $124,000 9.1
$0 - $62,000 4.2

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
38.0379562043796 19.8162729658793

Number Of Homes And Apartments:
14,251

Delaware Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
39.13% 1.73%
9
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,161 / per month

Homeownership Rate

Homeownership
Owners 59.37
Renters 40.63
Vacant 6.16

Housing Market Details

 

Age of Homes

AGE OF Delaware HOMES
2000 or Newer 29.9
1970 - 1999 43.2
1940 - 1969 13.9
1939 or Older 13.0

Types of Homes

TYPE OF Delaware HOMES
Single-Family 63.5
Townhomes 5.7
Small Apt. Buildings 10.9
Apt. Complexes 17.6
Mobile Homes 2.3
Other 0.1

Home Size

SIZE OF Delaware HOMES
No Bedroom 0.87
1 Bedroom 9.36
2 Bedrooms 26.16
3 Bedrooms 41.85
4 Bedrooms 20.15
5 or more bedrooms 1.62