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These days, finding an affordable place to live in the Delhi area can be challenging. Home prices in Delhi are now at a median cost of $220,280, lower than the New York average of $610,895.
The average cost of rent is $880/mo in Delhi, primarily driven by the current value of real estate in the Delhi area. In Delhi, 32.39% of households rent, and 54.88% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Delhi is $5,565 per month. Households that rent pay about 15.81% of their income on rent here. Delhi’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern 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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