The typical owner-occupied home in Delphi is worth about $141,300, 35% below the Indiana median of $218,200 and 58% below the national median of $332,700. Owners pay a median $1,285 a year in property taxes, about 0.91% of their home's value, higher than the Indiana rate of 0.74%. The median household earns $59,972 a year, so the median home costs 2.4 times the median income (3.0 times for Indiana). 66% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Delphi at a glance
| Delphi | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $141,300 | $218,200 | $332,700 |
| Median property tax paid per year | $1,285 | $1,614 | $3,119 |
| Property tax as a share of value | 0.91% | 0.74% | 0.94% |
| Median household income | $59,972 | $71,957 | $80,734 |
| Homes lived in by their owners | 66% | 71% | 65% |
| Owner homes with a mortgage | 60% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,116 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 16.8% | 18.1% | 21.0% |
| Median rent | $933 | $1,062 | $1,413 |
| Rent as a share of renters' income | 32.1% | 29.1% | 30.6% |
| Median year homes were built | 1972 | 1976 | 1980 |
| Vacant homes | 15.5% | 8.8% | 10.1% |
| Population | 2,927 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Delphi
At this week's average 30-year rate of 7.11%, buying the median Delphi home of $141,300 with 20% down costs about $926 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,162, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $39,705 for the 20%-down payment. That payment is 19% of the median Delphi household income of $59,972; at that income and 20% down, the 28% guideline points to a home of about $213,000.
The median rent here is $933 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $28,260 |
|---|---|
| Loan amount | $113,040 |
| Principal and interest | $760 |
| Property taxes (0.91% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| PMI | $0 |
| Total per month | $926 |
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| Down payment | $4,946 |
|---|---|
| Loan amount | $138,741 |
| Principal and interest | $933 |
| Property taxes (0.91% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $59 |
| FHA mortgage insurance | $62 |
| Total per month | $1,162 |
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Questions about home buying in Delphi
What is the median home value in Delphi?
About $141,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Delphi?
Homeowners pay a median $1,285 a year, which is about 0.91% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Delphi?
For the median home with 20% down at 7.11%, the payment is about $926 a month. Keeping that under 28% of gross income takes about $39,705 a year.
More about Delphi
- Mortgage Refinance in Delphi
- Debt Relief in Delphi
- Home Equity Loans in Delphi
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data