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 854, 286 total housing units (homes and apartments), and a median house value of $419,337, Delton real estate is some of the most expensive in Michigan, although Delton home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Delton, accounting for 96.83% of the town's housing units. Other types of housing that are prevalent in Delton include mobile homes or trailers ( 1.71%), large apartment complexes or high rise apartments ( 1.46%).
Dwellings in Delton tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.15% of the homes in Delton have two or fewer bedrooms.
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. Delton's housing was primarily built during this period, from the '40s through the '60s. A full 35.85% of the town's housing hails from this era. Other housing ages represented in Delton include homes built between 1970-1999 ( 31.95%) and housing constructed between 2000 and later ( 18.29%). There's also some housing in Delton built before 1939 ( 13.90%).
Vacant housing appears to be an issue in Delton. Fully 30.24% of the housing stock is classified as vacant. Left unchecked, vacant Delton homes and apartments can be a drag on the real estate market, holding Delton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Delton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.55%, which ranks in the top 30% nationwide. This equates to an annual average Delton house appreciation rate of 7.58%.
NeighborhoodScout's data show that during the latest twelve months, Delton's appreciation rate, at 7.11%, has been at or slightly above the national average. In the latest quarter, Delton's appreciation rate has been 0.88%, which annualizes to a rate of 3.56%.
Relative to Michigan, our data show that Delton's latest annual appreciation rate is higher than 50% of the other cities and towns in Michigan.
$419,337
for Michigan
for nation
286
$2,222 / per month