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 21,272, 8,820 total housing units (homes and apartments), and a median house value of $173,173, house prices in Del City are solidly below the national average.
Single-family detached homes are the single most common housing type in Del City, accounting for 81.24% of the city's housing units. Other types of housing that are prevalent in Del City include large apartment complexes or high rise apartments ( 11.79%), duplexes, homes converted to apartments or other small apartment buildings ( 3.04%), and a few row houses and other attached homes ( 2.42%).
The most prevalent building size and type in Del City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.69% owning and 44.31% renting.
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. Del City's housing was primarily built during this period, from the '40s through the '60s. A full 66.41% of the city's housing hails from this era. Other housing ages represented in Del City include homes built between 1970-1999 ( 21.77%) and housing constructed between 2000 and later ( 9.97%). There's also some housing in Del City built before 1939 ( 1.85%).
Appreciation rates for homes in Del City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.60%, which ranks in the top 50% nationwide. This equates to an annual average Del City house appreciation rate of 7.05%.
Appreciation rates are so strong in Del City that despite a nationwide downturn in the housing market, Del City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Del City appreciation rates continue to be some of the highest in America, at 7.01%, which is higher than appreciation rates in 83.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Del City. Del City appreciation rates in the latest quarter were at 2.02%, which equates to an annual appreciation rate of 8.31%.
Importantly, this makes Del City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Oklahoma, our data show that Del City's latest annual appreciation rate is higher than 90% of the other cities and towns in Oklahoma.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Del City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Del City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Del City real estate investment or home purchase decisions.
$173,173
for Oklahoma
for nation
8,820
$1,434 / per month