Delaware County, Pennsylvania 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 27% above the Pennsylvania median More expensive than 76% of counties in Pennsylvania$194,369
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Median rent 14% above the Pennsylvania median More expensive than 88% of counties in Pennsylvania$1,372
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Delaware County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $194,369 | $152,469 | $248,835 |
| Price Trend (Annual %) | 7.4% | 3.7% | 7.5% |
| Median Gross Rent | $1,372 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Delaware County is about 27% higher than in Pennsylvania. Rent is about 14% higher than the Pennsylvania 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 7.4% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Delaware County rose about 39.7% between 2015 and 2024, from $982 to $1,372. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Delaware County.
Buying the median-priced home in Delaware County costs roughly 11.8 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 Pennsylvania is about 10.5.
| Metric | Delaware County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $194,369 | $152,469 | $248,835 |
| Median Household Income | $90,232 | $78,249 | $80,455 |
| Price-to-Income Ratio | 2.2 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Delaware County rose about 54.7%, while median household income rose about 41.6% 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 County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.7% | 63.0% | 58.5% |
| Rental Rate | 28.7% | 27.9% | 31.2% |
| Vacancy Rate | 5.5% | 9.1% | 10.2% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Delaware County has a homeownership rate of 65.7%, higher than the Pennsylvania average of 63.0%. Its housing vacancy rate is 5.5%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Delaware County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1958 | 1966 | 1978 |
| Median Number of Rooms | 6.3 | 6.0 | 5.5 |
The typical housing unit in Delaware County was built around 1958. On average, 2.6 people live in a home with about 6.3 rooms, staying for about 17.0 years on average.
Delaware County, PA Housing Compared With Nearby Counties
Delaware County, PA is typical in size for this group, 578,234 residents against a local median of 543,223, so the measures below are close to a like for like comparison. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Delaware County, PA an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median rent, 10% below the local median at $1,372 against $1,530. Delaware County, PA has the 5th highest median rent of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Delaware County, PA | 578,234 | $194,369 #4/6 | $1,372 #5/6 | 69.6% #5/6 |
| Philadelphia County, PA | 1,579,069 | $209,765 | $1,396 | 51.8% |
| Montgomery County, PA | 867,535 | $273,761 | $1,683 | 71.4% |
| Gloucester County, NJ | 306,962 | $186,863 | $1,530 | 80.1% |
| Salem County, NJ | 65,196 | $146,481 | $1,253 | 71.0% |
| Chester County, PA | 543,223 | $226,626 | $1,763 | 75.1% |
Frequently Asked Questions
Common questions about the housing market in Delaware County, Pennsylvania.
What is the median home price in Delaware County, Pennsylvania?
The median home price in Delaware County, Pennsylvania is $194,369, higher than the Pennsylvania average of $152,469.
What is the average home price in Delaware County, Pennsylvania?
The typical home price in Delaware County, Pennsylvania, reported as the median sale price, is $194,369. 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, Pennsylvania?
The median gross rent in Delaware County, Pennsylvania is $1,372 per month, higher than the Pennsylvania average of $1,208.
What was the median gross rent in Delaware County in 2020?
In 2020, the median gross rent in Delaware County, Pennsylvania was $1,109 per month.
What is the price-to-rent ratio in Delaware County, Pennsylvania?
The price-to-rent ratio in Delaware County, Pennsylvania is about 11.8, meaning it would take roughly 11.8 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, Pennsylvania?
Both home prices and rent are rising in Delaware County, up about 7.4% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Delaware County, Pennsylvania?
65.7% of households in Delaware County, Pennsylvania own their home, higher than the Pennsylvania average of 63.0%.
What is the vacancy rate in Delaware County, Pennsylvania?
The housing vacancy rate in Delaware County, Pennsylvania is 5.5%, lower than the Pennsylvania average of 9.1%.
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