Delaware, OH 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

Delaware, OH Housing Market Trends

With a population of 41,283, 14,511 total housing units (homes and apartments), and a median house value of $222,820, 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 61.57% of the city's housing units. Other types of housing that are prevalent in Delaware include large apartment complexes or high rise apartments ( 16.57%), duplexes, homes converted to apartments or other small apartment buildings ( 11.93%), and a few row houses and other attached homes ( 7.79%).

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 58.78% owning and 41.22% 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 ( 32.23%). A lesser amount of the housing stock also hails from before 1939 ( 14.74%). There's also some housing in Delaware built between 1940-1969 ( 11.68%).

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 56.46%, which ranks in the top 30% nationwide. This equates to an annual average Delaware house appreciation rate of 4.58%.

NeighborhoodScout's data show that during the latest twelve months, Delaware's appreciation rate, at 8.58%, has been at or slightly above the national average. In the latest quarter, Delaware's appreciation rate has been 2.67%, which annualizes to a rate of 11.13%.

Relative to Ohio, our data show that Delaware's latest annual appreciation rate is lower than 70% 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:
$222,820

Delaware, OH HOME PRICES

> $1,277,000
0.5%
0.5%
$958,001 - $1,277,000
0.1%
0.1%
$639,001 - $958,000
0.8%
0.8%
$511,001 - $639,000
2.7%
2.7%
$383,001 - $511,000
7.4%
7.4%
$256,001 - $383,000
27.9%
27.9%
$127,001 - $256,000
48.3%
48.3%
$64,001 - $127,000
7.1%
7.1%
$0 - $64,000
5.1%
5.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for OH

Value Relative To Nation

Number Of Homes And Apartments:
14,511

Delaware Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
59.82% 2.20%
8
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,346 / per month

Homeownership Rate

Owners
58.8%
58.8%
Renters
41.2%
41.2%
Vacant
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
32.2%
32.2%
1970 - 1999
41.4%
41.4%
1940 - 1969
11.7%
11.7%
1939 or Older
14.7%
14.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
61.6%
61.6%
Townhomes
7.8%
7.8%
Small Apt. Buildings
11.9%
11.9%
Apt. Complexes
16.6%
16.6%
Mobile Homes
2.1%
2.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
8.5%
8.5%
2 Bedrooms
27.3%
27.3%
3 Bedrooms
39.1%
39.1%
4 Bedrooms
21.9%
21.9%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES