Delaware County Real Estate and Livability Trends

The past eight years have seen a significant rise in median home values in Delaware County, Pennsylvania—from $232,700 in 2015 to $289,700 in 2022—outpacing both state and national trends. The average residential energy tax credit per tax return also saw a notable uptick, peaking at $2,141.18 in 2018, likely indicating increased investment in energy-efficient home improvements. Property taxes... have escalated from $6,525.53 to $9,863.65 over a decade, signaling a trend toward higher ownership costs. Additionally, mortgage counts for principal residences have increased, while investment and second properties have held steady or declined, suggesting shifting market demands. The percentage of farm returns has marginally decreased, potentially pointing to reduced farming activity or shifts in land use. These trends underscore the area's attractiveness for both investment and relocation, emphasizing the need for strategic financial planning and market awareness. Read more

Over the past nine years, Delaware County, Pennsylvania, has observed a notable rise in average taxable income per tax return, reaching $115,822.61 in 2021. This economic growth suggests higher property values and a more prosperous community, which could appeal to investors and real estate professionals. Meanwhile, average state and local income taxes have surged from $6,648.39 in 2012 to $14,467.51 in 2021, hinting at rising incomes or policy changes. Average total tax liability also saw an... uptick, moving from $15,051.76 in 2012 to $23,833.10 in 2021, a trend that could attract investors and influence real estate decisions. Read more

Delaware County, Pennsylvania has experienced a noticeable drop in property crime over the last five years. Larceny-theft, the most common crime, fell from 1,755 incidents in 2018 to 771 in 2022. Burglary cases also significantly decreased, going from 210 to 83 over the same period. The reduction in fraud and vandalism further reflects a positive trend that could interest property investors, as lower crime rates might boost property values and reduce insurance costs. This trend could be... attractive to both real estate professionals and prospective residents seeking safer communities. Read more

Delaware County, Pennsylvania reveals a gender split with a slightly higher female population compared to males. In terms of education, a significant portion of adults hold a high school diploma or higher, though fewer have advanced degrees. Age-wise, the county seems to have a balanced distribution across most age brackets, with notable clusters in the 25-34 and 55-64 ranges. Racially, the area is predominantly White, but there's a considerable Black or African American community and smaller,... yet present, Asian and other racial groups. These trends suggest a potentially diverse workforce with varying levels of education, which could have implications for local policy and business strategies. Read more

In Delaware County, Pennsylvania, approximately 63% of the 2020 U.S. Presidential Election votes likely went to Democratic candidates, with Republicans securing around 36%. The Libertarian Party captured less than 1%. This Democratic leaning could influence local policies and attract buyers seeking areas aligned with progressive values. The political landscape might also play a role in the types of developments and community projects that receive support in the... region. Read more

Delaware County, Pennsylvania's student-to-teacher ratio has seen notable changes over the past decade, peaking at 21 in 2014 before dropping to around 15 in 2015. Recently, the figures have stabilized near the national average of 14, with brief dips in 2021 and 2022. This stabilization likely points to a balanced distribution of school resources and population, potentially boosting property values and demand. Families might find the declining ratio appealing, as it suggests more personalized... student attention. Read more