Delaware, Ohio Housing Market Prices
Delaware 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 449% above the Ohio median$762,741
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Median rent 20% above the Ohio median$1,242
Housing Market Overview
| Metric | Delaware | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $762,741 | $139,044 | $248,835 |
| Price Trend (Annual %) | 48.7% | 6.7% | 7.5% |
| Median Gross Rent | $1,242 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Delaware is about 449% higher than in Ohio. Rent is about 20% higher than the Ohio 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, up about 48.7% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Delaware rose about 49.2% between 2015 and 2024, from $833 to $1,242. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 8.0 yearly household incomes in Delaware.
Buying the median-priced home in Delaware costs roughly 51.2 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Delaware. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Delaware | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $762,741 | $139,044 | $248,835 |
| Median Household Income | $95,621 | $71,509 | $80,455 |
| Price-to-Income Ratio | 8.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Delaware rose about 760.9%, while median household income rose about 62.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Delaware | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.8% | 61.7% | 58.5% |
| Rental Rate | 31.5% | 30.1% | 31.2% |
| Vacancy Rate | 5.8% | 8.1% | 10.2% |
| Median Tenure (years) | 12.0 | 16.0 | 15.0 |
| Median Year Moved In | 2014 | 2010 | 2011 |
Delaware has a homeownership rate of 62.8%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 5.8%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Delaware | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1980 | 1970 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Delaware was built around 1980. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Delaware, Ohio.
What is the median home price in Delaware, Ohio?
The median home price in Delaware, Ohio is $762,741, higher than the Ohio average of $139,044.
What is the average home price in Delaware, Ohio?
The typical home price in Delaware, Ohio, reported as the median sale price, is $762,741. 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, Ohio?
The median gross rent in Delaware, Ohio is $1,242 per month, higher than the Ohio average of $1,033.
What was the median gross rent in Delaware in 2020?
In 2020, the median gross rent in Delaware, Ohio was $946 per month.
What is the price-to-rent ratio in Delaware, Ohio?
The price-to-rent ratio in Delaware, Ohio is about 51.2, meaning it would take roughly 51.2 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Delaware.
Are home prices or rent rising faster in Delaware, Ohio?
Both home prices and rent are rising in Delaware, up about 48.7% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Delaware, Ohio?
62.8% of households in Delaware, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Delaware, Ohio?
The housing vacancy rate in Delaware, Ohio is 5.8%, lower than the Ohio average of 8.1%.
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