Delaware County is on the ascent, with property values continuing to appreciate at a healthy and sustainable clip. Why are so many people crowding in to the area and driving property values up? The reasons behind this push are clear when we look at the data: of more than twelve-thousand households, 40% have children under the age of 18 living with them. When these children move out many of them will study locally and further the demands on the housing market. Some will continue to work in the area and start families of their own. The average household size is 2.67 and the average family size is 3.11.
Looking at the demographics of the metro area, 27% of inhabitants are under the age of 18, 9% from 18-24, 27% from 25-44, 26% from 45 to 64, and 10.5% 65 and older. The median age is 38 years. For every 100 females age 18 and over, there are 85 males. The population is just slightly older than most metro areas on the east coast, and is attractive to young people who are establishing families.
The median income for a household in the city is $70k and the median income for a family is $82k. Males have a median income of $55k versus $37 for females. The per capita income for the city is $30k. About 2.5% of families and 3.5% of the population are below the poverty line, including 3.5% of those under the age of 18 and 5% of those aged 65 and older. These are great statistics compared to the surrounding areas, and represent some of the lowest poverty rates in the country.