Delaware County, PA Commercial Appraisal Services

Delaware County has a total area of 191 square miles (184 square miles land and 7 square miles water).  The county lies in the Delaware Valley. It is bounded by Chester County to the northwest, the state of Delaware to the southwest, the Delaware River to the southeast and the City of Philadelphia and Montgomery County to the east and northeast.  There is one city (Chester), 27 boroughs and 21 townships in the county. The county seat is located in Media.

The U.S. Census Bureau reported Delaware County’s population in 2010 as 558,979, an increase of 1.27% since 2000.  Population was distributed through the following age cohorts: 26.7% under the age of 20; 7.1% from 20 to 24; 24.5% from 25 to 44; 27.4% from 45 to 64; and 14.3% who were 65 years of age or older.   The median age was 38.7. There were 206,542 households in Delaware County in 2010 with an average household size of 2.59 persons. Families made up 63.7% of the households; this figure includes both married couples (50.8%) and others (12.9%).  Non-family households constituted 36.3% of all households in Delaware County. Most of the non-family households were people living alone; 11.6% were 65 years of age or older.

In 2010, the median household income of Delaware County was $50,092 compared to a median family income of $61,590 and a per capita income of $25,040.  Approximately 8.0% of the county population was below the poverty line. 79.7% of the households received earnings and 18.5% received retirement income other than Social Security.  30.5% of the households received Social Security, which generated an average income of $17,223. These income sources are not mutually exclusive; that is, some households received income from more than one source. Delaware County had a total of 222,923 housing units in 2010 (92.6% occupied and 7.4% vacant).  29.6% of the occupied dwellings were inhabited by renters with a median monthly gross rent of $930; 52.0% of renters spent 30% or more of their income on housing. Delaware County’s present labor force is estimated at 296,387. In August 2018, the unemployment rate was 4.3%, 0.1% above Pennsylvania’s unemployment rate of 4.2%.  Institutions of higher learning in Delaware County include Swarthmore College, Villanova University, Haverford College, Delaware County Community College and Widener University.

In conclusion, Delaware County has a stable local and regional economy exhibited by relatively high-income levels (the median household income was $50,092) but a slightly higher unemployment rate (4.3%) than the state average (4.2%).  Many communities surrounding Delaware County have experienced marked population and employment growth over the past decade due to their proximity to the Philadelphia Metropolitan Area market. Therefore, Delaware County appears to be a good location for all types of uses.  

Rose Valley Appraisal Associates, LLC is proud to have provided commercial real estate appraisal services to residents of Delaware County, PA including providing valuations for medical office buildings in Broomall, Commercial Office Buildings in Morton and Media, commercial buildings in Media, industrial. Buildings in Aston, swim clubs in Media, auto repair buildings in Broomall, churches in Collingdale,  multi-family apartments in Yeadon, Lansdowne, Darby and Upper Darby and single-family homes in Media to mention but a few.