Delaware County, Indiana Housing Market Prices
Delaware County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 49% below the Indiana median Cheaper than 78% of counties in Indiana$72,934
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Median rent 15% below the Indiana median$905
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Delaware County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $72,934 | $142,738 | $248,835 |
| Price Trend (Annual %) | 10.5% | 7.2% | 7.5% |
| Median Gross Rent | $905 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Delaware County is about 49% lower than in Indiana. Rent is about 15% lower than the Indiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Delaware County, up about 10.5% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Delaware County rose about 31.1% between 2015 and 2024, from $691 to $905. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Delaware County.
Buying the median-priced home in Delaware County costs roughly 6.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Delaware County. The price-to-rent ratio in Indiana is about 11.2.
| Metric | Delaware County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $72,934 | $142,738 | $248,835 |
| Median Household Income | $57,596 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Delaware County rose about 16.0%, while median household income rose about 50.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Delaware County | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.6% | 64.4% | 58.5% |
| Rental Rate | 30.0% | 26.9% | 31.2% |
| Vacancy Rate | 10.4% | 8.8% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Delaware County has a homeownership rate of 59.6%, lower than the Indiana average of 64.4%. Its housing vacancy rate is 10.4%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Delaware County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1967 | 1975 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Delaware County was built around 1967. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Delaware County, IN Housing Compared With Nearby Counties
Delaware County, IN is the 2nd largest of the 6 counties compared here, 112,280 residents against a local median of 48,970. Delaware County, IN sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median rent, 10% above the local median at $905 against $820. Delaware County, IN has the 2nd highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Delaware County, IN | 112,280 | $72,934 #4/6 | $905 #2/6 | 66.5% #6/6 |
| Blackford County, IN | 11,950 | $16,458 | $698 | 73.9% |
| Henry County, IN | 48,970 | $74,928 | $820 | 76.2% |
| Madison County, IN | 131,900 | $129,779 | $939 | 70.2% |
| Grant County, IN | 66,295 | $45,724 | $852 | 72.7% |
| Randolph County, IN | 24,387 | $94,318 | $722 | 77.3% |
Frequently Asked Questions
Common questions about the housing market in Delaware County, Indiana.
What is the median home price in Delaware County, Indiana?
The median home price in Delaware County, Indiana is $72,934, lower than the Indiana average of $142,738.
What is the average home price in Delaware County, Indiana?
The typical home price in Delaware County, Indiana, reported as the median sale price, is $72,934. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Delaware County, Indiana?
The median gross rent in Delaware County, Indiana is $905 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Delaware County in 2020?
In 2020, the median gross rent in Delaware County, Indiana was $725 per month.
What is the price-to-rent ratio in Delaware County, Indiana?
The price-to-rent ratio in Delaware County, Indiana is about 6.7, meaning it would take roughly 6.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Delaware County.
Are home prices or rent rising faster in Delaware County, Indiana?
Both home prices and rent are rising in Delaware County, up about 10.5% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Delaware County, Indiana?
59.6% of households in Delaware County, Indiana own their home, lower than the Indiana average of 64.4%.
What is the vacancy rate in Delaware County, Indiana?
The housing vacancy rate in Delaware County, Indiana is 10.4%, higher than the Indiana average of 8.8%.
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