Delphi, IN—46923
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Delphi, IN
As of Oct '25, the median home price in Delphi, IN is $221,000, with a year-over-year change of 4.3%. This indicates that home prices in Delphi, IN are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $221,000 | 4.3% |
| Single Family | $222,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $164,000 | 5.1% |
3 Bed | $228,000 | 5.1% |
4 Bed | $310,000 | 6.2% |
| 5 Bed | $295,000 | 5.0% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Delphi, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Delphi, IN is 55. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $310,000 | -21.0% |
Listing Count | 26 | 22.0% |
| Listings as % of Homes | 0.3% | 22.0% |
Days on Market | 55 | -11.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Delphi, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $221,000 |
| Median Household Income | $61,100 |