Del City, OK 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Del City, OK Housing Market Trends

With 21,712 people, 8,683 houses or apartments, and a median cost of homes of $100,230, house prices in Del City are solidly below the national average.

Single-family detached homes are the single most common housing type in Del City, accounting for 83.31% of the city's housing units. Other types of housing that are prevalent in Del City include large apartment complexes or high rise apartments ( 9.91%), duplexes, homes converted to apartments or other small apartment buildings ( 3.96%), and a few mobile homes or trailers ( 1.77%).

The most prevalent building size and type in Del City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.84% owning and 43.16% renting.

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. Del City's housing was primarily built during this period, from the '40s through the '60s. A full 69.94% of the city's housing hails from this era. Other housing ages represented in Del City include homes built between 1970-1999 ( 20.00%) and housing constructed between 2000 and later ( 7.46%). There's also some housing in Del City built before 1939 ( 2.60%).

Vacant housing appears to be an issue in Del City. Fully 11.04% of the housing stock is classified as vacant. Left unchecked, vacant Del City homes and apartments can be a drag on the real estate market, holding Del City 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.

Del City Home Appreciation Rates

Real estate appreciation rates in Del City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.19% during the period.

Over the last year, Del City appreciation rates have trailed the rest of the nation. In the last twelve months, Del City's appreciation rate has been 7.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Del City were at 2.29%, which equates to an annual appreciation rate of 9.48%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Del City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Del City - 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 Del City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$100,230

Del City, OK HOME PRICES

> $1,218,000
0.2%
0.2%
$914,001 - $1,218,000
0.1%
0.1%
$609,001 - $914,000
0.4%
0.4%
$487,001 - $609,000
0.1%
0.1%
$366,001 - $487,000
0.3%
0.3%
$243,001 - $366,000
2.1%
2.1%
$122,001 - $243,000
25.4%
25.4%
$61,001 - $122,000
61.1%
61.1%
$0 - $61,000
10.3%
10.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Low for OK

Value Relative To Nation

Number Of Homes And Apartments:
8,683

Del City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
64.55% 2.34%
2
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,106 / per month

Homeownership Rate

Owners
56.8%
56.8%
Renters
43.2%
43.2%
Vacant
11.0%
11.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.5%
7.5%
1970 - 1999
20.0%
20.0%
1940 - 1969
69.9%
69.9%
1939 or Older
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
83.3%
83.3%
Townhomes
0.9%
0.9%
Small Apt. Buildings
4.0%
4.0%
Apt. Complexes
9.9%
9.9%
Mobile Homes
1.8%
1.8%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
8.2%
8.2%
2 Bedrooms
24.2%
24.2%
3 Bedrooms
59.0%
59.0%
4 Bedrooms
7.0%
7.0%
5 or more bedrooms
0.3%
0.3%
0.0% 100.0%
% OF HOMES