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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 43,895, 16,026 total housing units (homes and apartments), and a median house value of $322,449, 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%).

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 97.20%, which ranks in the top 40% nationwide. This equates to an annual average Delaware house appreciation rate of 7.03%.

NeighborhoodScout's data show that during the latest twelve months, Delaware's appreciation rate, at 5.53%, has been at or slightly above the national average. In the latest quarter, Delaware's appreciation rate has been -0.99%, which annualizes to a rate of -3.89%.

Notably, Delaware's appreciation rate in the latest quarter is one of the lowest in America.

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

$322,449

Delaware, OH Home Prices
> $1,321,000
$991,001 - $1,321,000
$660,001 - $991,000
$528,001 - $660,000
$396,001 - $528,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
0.5%
0.5%
0.6%
0.6%
6.4%
6.4%
7.9%
7.9%
17.7%
17.7%
36.6%
36.6%
21.0%
21.0%
3.8%
3.8%
5.5%
5.5%
0% 100.0%
% of Homes
Very High

for Ohio

High

for nation

Number of Homes And Apartments:

16,026

Delaware Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,721 / per month

Homeownership Rate

Owners
Renters
59.8%
59.8%
40.2%
40.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.0%
5.0%
95.0%
95.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
35.9%
35.9%
35.2%
35.2%
12.2%
12.2%
16.8%
16.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.6%
61.6%
9.1%
9.1%
11.4%
11.4%
16.0%
16.0%
1.8%
1.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
7.8%
7.8%
27.3%
27.3%
36.4%
36.4%
23.7%
23.7%
2.9%
2.9%
0% 100.0%
% of Homes