Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,178 people, 886 houses or apartments, and a median cost of homes of $276,640, Delmar real estate values are some of the lowest in Delaware, although compared to real estate around the nation, Delmar homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Delmar, accounting for 55.18% of the town's housing units. Other types of housing that are prevalent in Delmar include mobile homes or trailers ( 17.93%), large apartment complexes or high rise apartments ( 15.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.22%).
The most prevalent building size and type in Delmar are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.80% owning and 40.20% renting.
Delmar homes and real estate are some of the newest in America. 35.11% of Delmar's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Delmar real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 27.53%), and before 1939 ( 21.45%). There's also some housing in Delmar built between 1940-1969 ( 15.90%).
Real estate appreciation rates in Delmar's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.13% during the period.
Appreciation rates are so strong in Delmar that despite a nationwide downturn in the housing market, Delmar real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Delmar appreciation rates continue to be some of the highest in America, at 9.16%, which is higher than appreciation rates in 92.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Delmar. Delmar appreciation rates in the latest quarter were at 6.79%, which equates to an annual appreciation rate of 30.04%.
Importantly, this makes Delmar one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Delaware, our data show that Delmar's latest annual appreciation rate is higher than 80% of the other cities and towns in Delaware.
$276,640
for Delaware
for nation
886
$1,479 / per month