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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 43,895, 16,026 total housing units (homes and apartments), and a median house value of $343,448, 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 61.65% of the city's housing units. Other types of housing that are prevalent in Delaware include large apartment complexes or high rise apartments ( 16.02%), duplexes, homes converted to apartments or other small apartment buildings ( 11.40%), and a few row houses and other attached homes ( 9.15%).
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 59.80% owning and 40.20% renting.
Delaware homes and real estate are some of the newest in America. 35.89% of Delaware's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Delaware real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.16%), and before 1939 ( 16.76%). There's also some housing in Delaware built between 1940-1969 ( 12.19%).
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 102.94%, which ranks in the top 40% nationwide. This equates to an annual average Delaware house appreciation rate of 7.33%.
Over the last year, Delaware appreciation rates have trailed the rest of the nation. In the last twelve months, Delaware's appreciation rate has been 4.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Delaware were at 1.53%, which equates to an annual appreciation rate of 6.27%.
Relative to Ohio, our data show that Delaware's latest annual appreciation rate is lower than 80% 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.
$343,448
for Ohio
for nation
16,026
$1,807 / per month