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 a population of 18,256, 7,629 total housing units (homes and apartments), and a median house value of $477,405, Delmar real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Delmar, accounting for 72.40% of the town's housing units. Other types of housing that are prevalent in Delmar include duplexes, homes converted to apartments or other small apartment buildings ( 13.95%), large apartment complexes or high rise apartments ( 10.49%), and a few row houses and other attached homes ( 3.16%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Delmar. Owner-occupied housing accounts for 74.74% of Delmar's homes, and 68.77% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Delmar's housing was primarily built during this period, from the '40s through the '60s. A full 39.99% of the town's housing hails from this era. Other housing ages represented in Delmar include homes built between 1970-1999 ( 31.67%) and housing constructed before 1939 ( 15.84%). There's also some housing in Delmar built between 2000 and later ( 12.50%).
Delmar's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Delmar during the period has been just 5.55%, which is lower than 70% of US communities.
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 9.11%, which is higher than appreciation rates in 72.45% 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 3.37%, which equates to an annual appreciation rate of 14.18%.
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 New York, our data show that Delmar's latest annual appreciation rate is lower than 70% of the other cities and towns in New York.
$477,405
for New york
for nation
7,629
$2,542 / per month