Delaware, OH—43015
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Delaware, OH
Home Price Trends — Delaware, OH
As of Oct '25, the median home price in Delaware, OH is $402,000, with a year-over-year change of 2.4%. This indicates that home prices in Delaware, OH are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $402,000 | 2.4% |
| Single Family | $416,000 | 2.2% |
| Condos | $261,000 | 3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $251,000 | 3.3% |
3 Bed | $357,000 | 2.0% |
4 Bed | $495,000 | 1.6% |
| 5 Bed | $696,000 | 1.8% |
% of Housing Stock
Rental Trends — Delaware, OH
As of July '25, Rentcast reports the average rent in Delaware, OH is $2,060, with a year-over-year rent change of 6.2%. Per bedroom, the median rent as of July '25 in Delaware, OH is studios: $728, 1-bedrooms: $1,050, 2-bedrooms: $1,410, 3-bedrooms: $2,180, 4-bedrooms: $2,740. The most common rental property sizes in Delaware, OH are 2-bedroom and 3-bedroom, accounting for 49.3% and 21.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,060 |
| Studio Rent | $705 | $728 |
| 1 Bed Rent | $925 | $1,050 |
| 2 Bed Rent | $1,200 | $1,410 |
| 3 Bed Rent | $2,200 | $2,180 |
| 4 Bed Rent | $2,600 | $2,740 |
% of Rental Stock
Property Listings — Delaware, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Delaware, OH is 47. This is a increase of 35.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $434,000 | 0.0% |
Listing Count | 252 | 19.0% |
| Listings as % of Homes | 0.5% | 19.0% |
Days on Market | 47 | 35.0% |
Demographics — Delaware, OH
As of the latest ACS Survey released in 2023, Delaware, OH has a population of 59,000, which has increased by 6.4% over the past 5 years. Delaware, OH is a moderately popular place for families, as children make up 23.5% of the population. The area has a highly educated workforce, with 46.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 59,000 | 6.4% |
% Under 18 | 23.5% | -6.7% |
% Seniors | 16.2% | 25.6% |
% WFH | 17.2% | 207.1% |
% w/ College Degree | 46.7% | 20.1% |
As of the latest ACS Survey released in 2023, Delaware, OH is a predominantly white area, with 82.5% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Delaware, OH is hispanic, making up 4.7% of the population. Foreign-born residents account for 5.0% of the population in Delaware, OH, and this percentage has increased by 11.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.5% | -6.2% |
% Black | 4.2% | 2.4% |
% Hispanic | 4.7% | 74.1% |
% Asian | 4.6% | 76.9% |
% Foreign Born | 5.0% | 11.1% |
Mortgage and Risk — Delaware, OH
According to HUD data as of 2023, there were 1272 mortgage originations in Delaware, OH, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Delaware, OH. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,272 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Delaware, OH
As of 2024, the percent of homes in Delaware, OH under the Section 8 program is 9.7%. 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 units appear to be good home sizes to consider for Section 8 housing in Delaware, OH, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 710 |
Total Units Section 8 | 645 |
% Rentals under Section 8 | 9.7% |
% Occupied Section 8 | 93.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $235 | $925 | $1,160 |
| 2 Bedroom | $210 | $1,200 | $1,410 |
| 3 Bedroom | -$500 | $2,200 | $1,700 |
| 4 Bedroom | -$710 | $2,600 | $1,890 |
Affordability — Delaware, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $402,000 |
| Median Household Income | $99,600 |