The Most Affordable Neighborhoods in Delaware, IA by Home Value

These days, finding an affordable place to live in the Delaware area can be challenging. Home prices in Delaware are now at a median cost of $197,117, lower than the Iowa average of $226,062.

The average cost of rent is $772/mo in Delaware, primarily driven by the current value of real estate in the Delaware area. In Delaware, 15.63% of households rent, and 45.48% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Delaware is $6,817 per month. Households that rent pay about 11.32% of their income on rent here. Delaware’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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