Dover DE

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Dover, DE Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Dover Housing Market Information

With a population of 38,079, 13,639 total housing units (homes and apartments), and a median house value of $195,719, Dover real estate values are some of the lowest in Delaware, although compared to real estate around the nation, Dover homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Dover, accounting for 49.41% of the city's housing units. Other types of housing that are prevalent in Dover include large apartment complexes or high rise apartments ( 26.16%), row houses and other attached homes ( 14.83%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.33%).

The most prevalent building size and type in Dover are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.13% owning and 56.87% renting.

There is a lot of housing in Dover built from 1970 to 1999 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 between 1940-1969 ( 26.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.03%). There's also some housing in Dover built before 1939 ( 7.70%).

Dover Home Appreciation Rates

Dover's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dover during the period has been just 0.70%, which is lower than 80% of US communities.

Appreciation rates are so strong in Dover that despite a nationwide downturn in the housing market, Dover real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dover appreciation rates continue to be some of the highest in America, at 7.20%, which is higher than appreciation rates in 78.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dover. Dover appreciation rates in the latest quarter were at 0.90%, which equates to an annual appreciation rate of 3.66%.

Relative to Delaware, our data show that Dover's latest annual appreciation rate is higher than 80% 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 2000, to assist you in making the best Dover real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,136,000 0.7
$852,001 - $1,136,000 0.1
$568,001 - $852,000 1.4
$455,001 - $568,000 2.2
$341,001 - $455,000 8.0
$227,001 - $341,000 26.4
$114,001 - $227,000 46.0
$57,001 - $114,000 7.6
$0 - $57,000 7.5

Very Low for DE
Average for Nation

Value Relative to Nation Value Relative to State
42.3065693430657 88.6363636363636

Number Of Homes And Apartments:

Dover Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
55.17% 2.19%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,442 / per month

Homeownership Rate

Owners 43.13
Renters 56.87
Vacant 8.79

Housing Market Details


Age of Homes

2000 or Newer 18.0
1970 - 1999 47.4
1940 - 1969 26.9
1939 or Older 7.7

Types of Homes

Single-Family 49.4
Townhomes 14.8
Small Apt. Buildings 5.3
Apt. Complexes 26.2
Mobile Homes 3.5
Other 0.8

Home Size

No Bedroom 1.74
1 Bedroom 12.24
2 Bedrooms 26.14
3 Bedrooms 40.21
4 Bedrooms 17.24
5 or more bedrooms 2.43