Dover appreciation rates and housing market information

Dover housing market information

With 32,470 people, 13,357 houses or apartments, and a median cost of homes of $235,600, Dover real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Dover, accounting for 44.79% of the city's housing units. Other types of housing that are prevalent in Dover include large apartment complexes or high rise apartments (28.31%), row houses and other attached homes (14.67%), duplexes, homes converted to apartments, or other small apartment buildings (6.47%), and a few mobile homes or trailers (5.76%).

The most prevalent building size and type in Dover are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 49.41% owning, and 44.27% renting.

There is a lot of housing in Dover built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Dover built from 1940-1969 (35.27%). A lesser amount of the housing stock also hails from 1995 and later (9.61%), and some were built from 1939 and earlier (9.61%).

Dover home appreciation rates

Appreciation rates for homes in Dover have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.55%, which ranks in the top 30% nationwide. This equates to an annual average Dover house appreciation rate of 9.75%.

NeighborhoodScout's data show that during the latest twelve months, Dover home appreciation rates, at 1.17%, have been at or slightly above the national average. In the latest quarter, Dover's appreciation rate has been -0.54%, which annualizes to a rate of -2.16%.

Relative to Delaware, our data show that Dover's latest annual appreciation rate is higher than 64% of the other cities and towns in Delaware.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Dover differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dover - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Dover real estate investment or home purchase decisions.