The typical owner-occupied home in Delaware County is worth about $139,400, 36% below the Indiana median of $218,200 and 58% below the national median of $332,700. Owners pay a median $1,039 a year in property taxes, about 0.75% of their home's value, close to the Indiana rate of 0.74%. The median household earns $58,127 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 55% of those owners still have a mortgage.
Delaware County at a glance
| Delaware County | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $139,400 | $218,200 | $332,700 |
| Median property tax paid per year | $1,039 | $1,614 | $3,119 |
| Property tax as a share of value | 0.75% | 0.74% | 0.94% |
| Median household income | $58,127 | $71,957 | $80,734 |
| Homes lived in by their owners | 66% | 71% | 65% |
| Owner homes with a mortgage | 55% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,111 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 16.9% | 18.1% | 21.0% |
| Median rent | $906 | $1,062 | $1,413 |
| Rent as a share of renters' income | 30.2% | 29.1% | 30.6% |
| Median year homes were built | 1967 | 1976 | 1980 |
| Vacant homes | 10.4% | 8.8% | 10.1% |
| Population | 112,280 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Delaware County
At this week's average 30-year rate of 7.11%, buying the median Delaware County home of $139,400 with 20% down costs about $895 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,128, 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 $38,375 for the 20%-down payment. That payment is 18% of the median Delaware County household income of $58,127; at that income and 20% down, the 28% guideline points to a home of about $211,000.
The median rent here is $906 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $27,880 |
|---|---|
| Loan amount | $111,520 |
| Principal and interest | $750 |
| Property taxes (0.75% a year) | $87 |
| Homeowners insurance (our estimate, 0.5% a year) | $58 |
| PMI | $0 |
| Total per month | $895 |
Change the numbers in the calculator
| Down payment | $4,879 |
|---|---|
| Loan amount | $136,875 |
| Principal and interest | $921 |
| Property taxes (0.75% a year) | $87 |
| Homeowners insurance (our estimate, 0.5% a year) | $58 |
| FHA mortgage insurance | $62 |
| Total per month | $1,128 |
Change the numbers in the calculator
Questions about home buying in Delaware County
What is the median home value in Delaware County?
About $139,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Delaware County?
Homeowners pay a median $1,039 a year, which is about 0.75% 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 Delaware County?
For the median home with 20% down at 7.11%, the payment is about $895 a month. Keeping that under 28% of gross income takes about $38,375 a year.
More about Delaware County
- Mortgage Refinance in Delaware County
- Debt Relief in Delaware County
- Home Equity Loans in Delaware County
- 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