Delphi, IN 46923 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Delphi, IN—46923

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$225,000

4.2% YoY Growth

Household Income

$61,100

10.6% YoY Growth

Days on Market

75.0% Longer YoY

Home Price Forecast

3.1%

Median Rent

$950

13.4% YoY Growth

1-Bed Rent

$695

14.6% YoY Growth

2-Bed Rent

$950

8.5% YoY Growth

3-Bed Rent

$1,850

12.7% YoY Growth

Home Price Trends — Delphi, IN

As of Dec '25, the median home price in Delphi, IN is $225,000, with a year-over-year change of 4.2%. This indicates that home prices in Delphi, IN are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$225,000	4.2%
Single Family	$226,000	4.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Delphi, IN

As of July '25, Rentcast reports the average rent in Delphi, IN is $1,100, with a year-over-year rent change of -13.4%. Per bedroom, the median rent as of July '25 in Delphi, IN is 1-bedrooms: $704, 2-bedrooms: $1,080, 3-bedrooms: $1,920, 4-bedrooms: $1,200. The most common rental property sizes in Delphi, IN are 2-bedroom and 1-bedroom, accounting for 31.2% and 26.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$950	$1,100
Studio Rent	N/A	N/A
1 Bed Rent	$695	$704
2 Bed Rent	$950	$1,080
3 Bed Rent	$1,850	$1,920
4 Bed Rent	$1,200	$1,200

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% of Rental Stock

Studio

3.1%

1 Bedroom

26.8%

2 Bedrooms

31.2%

3 Bedrooms

23.0%

4 Bedrooms

11.9%

5+ Bedrooms

4.0%

Property Listings — Delphi, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Delphi, IN is 82. This is a increase of 22.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$350,000	-10.0%
Listing Count	19	19.0%
Listings as % of Homes	0.3%	19.0%
Days on Market	98	75.0%

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Demographics — Delphi, IN

As of the latest ACS Survey released in 2023, Delphi, IN has a population of 8,040, which has decreased by -2.5% over the past 5 years. Delphi, IN is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 12.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,040	-2.5%
% Under 18	22.4%	-2.2%
% Seniors	18.1%	-5.7%
% WFH	3.2%	60.0%
% w/ College Degree	12.3%	-29.7%

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As of the latest ACS Survey released in 2023, Delphi, IN is a predominantly white area, with 90.1% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Delphi, IN is hispanic, making up 7.3% of the population. Foreign-born residents account for 3.4% of the population in Delphi, IN, and this percentage has decreased by 35.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	90.1%	-0.2%
% Black	0.0%	-100.0%
% Hispanic	7.3%	-11.0%
% Asian	0.2%	-33.3%
% Foreign Born	3.4%	-35.8%

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Mortgage and Risk — Delphi, IN

According to HUD data as of 2023, there were 204 mortgage originations in Delphi, IN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Delphi, IN. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	204
% Conventional Loans	82.0%
% Government Loans	18.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	18.0%

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Rentals and Section 8 — Delphi, IN

As of 2024, the percent of homes in Delphi, IN under the Section 8 program is 4.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Delphi, IN, because HUD payments exceed market rent, while 3-bedroom units do not.

Section 8 Market Size

Total Units under HUD	34
Total Units Section 8	34
% Rentals under Section 8	4.2%
% Occupied Section 8	89.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$125	$695	$820
2 Bedroom	$20	$950	$970
3 Bedroom	-$620	$1,850	$1,230
4 Bedroom	$250	$1,200	$1,450

Delphi, IN—46923

Key Metrics at a Glance

Home Price Trends — Delphi, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Delphi, IN

% of Rental Stock

Property Listings — Delphi, IN

Demographics — Delphi, IN

Race and Ethnicity

Mortgage and Risk — Delphi, IN

Mortgages

Rentals and Section 8 — Delphi, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Delphi, IN

Home Price to Income Ratio

Delphi, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Yeoman, IN

Camden, IN

Burnettsville, IN

Bringhurst, IN

Flora, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.1
Median Home Price	$225,000
Median Household Income	$61,100

Delphi, IN—46923

Key Metrics at a Glance

Home Price Trends — Delphi, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Delphi, IN

% of Rental Stock

Property Listings — Delphi, IN

Demographics — Delphi, IN

Race and Ethnicity

Mortgage and Risk — Delphi, IN

Mortgages

Rentals and Section 8 — Delphi, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Delphi, IN

Home Price to Income Ratio

Delphi, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Yeoman, IN

Camden, IN

Burnettsville, IN

Bringhurst, IN

Flora, IN

Frequently Asked Questions

What is the average home price in Delphi, IN 46923?

How have home prices in Delphi, IN 46923 changed over the past year?

What is the home price projection for Delphi, IN 46923?

What are the demographics of Delphi, IN 46923?

How long does it take homes to sell in Delphi, IN 46923?

What is the average rent price in Delphi, IN 46923?