Real Estate Investing in Delaware, Ohio (43015)
Should you buy in 43015 (Delaware, OH)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Delaware, OH (43015)?
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Market Analysis: 43015 Delaware
Not every below-median market is a bargain. Delaware's 43015 ZIP registers signals that favor experienced operators who can absorb the risk $416K pricing implies.
The investment case in 43015 is healthy only for operators who understand what they are buying. A $416K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 43015 among OH's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The demographic picture in 43015 includes headwinds that any investor should price in. Income distribution skews lower than Delaware averages, and tenant stability requires active management.
New investors are better served looking at Delaware's stable or hybrid ZIPs before stepping into 43015. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Delaware:
Property Strategy for 43015
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $251,030 | $1,410 | 4.0% | +6.9% | $125,515 |
| 3BR | $357,362 | $1,690 | 3.4% | +7.0% | $119,121 |
| 4BR | $495,490 | $1,900 | 2.8% | +6.9% | $123,872 |
| 5BR | $695,610 | — | — | +7.2% | $139,122 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 43015 Compare?
| Metric | 43015 | Delaware | Columbus, OH | Ohio |
|---|---|---|---|---|
| Home Value | $416,078 | $421,024 | N/A | $237,530 |
| 5-Year CAGR | 5.8% | 5.6% | N/A | 7.4% |
| Avg Rent | $1,706 | $1,434 | N/A | - |
| Cap Rate | 3.2% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 43015 (Delaware, OH). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $416,078 |
| Monthly Rent | $1,706 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +5.6% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 43015
Population: 59,027
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 43015
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are eviction rules reasonable in Delaware, OH?
The landlord environment in Delaware, OH is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the renter demographic in Delaware, OH?
The tenant pool in Delaware, OH is solid, supported by local employment and population fundamentals. Rents of $1,706/mo are well-absorbed by the market.
What is the median home value in Delaware, OH?
The median home value in Delaware, OH is roughly $416K. That puts it reasonable relative to the OH statewide average.
Which investment style suits Delaware, OH?
For Delaware, OH, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
How much is rent in Delaware, OH?
The typical rental in Delaware, OH commands about $1,706/mo monthly. That rent profile stable cash flow against the $416K purchase basis.
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