Dover, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Dover Neighborhoods Since 2000




Dover, FL Real Estate Data


Dover Housing Market Information

With 3,973 people, 1,077 houses or apartments, and a median cost of homes of $178,593, 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 64.55% of the town's housing units. Other types of housing that are prevalent in Dover include mobile homes or trailers ( 18.75%), duplexes, homes converted to apartments or other small apartment buildings ( 10.18%), and a few row houses and other attached homes ( 6.52%).

The most prevalent building size and type in Dover are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 44.82% owning and 55.18% 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 2000 and later ( 27.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.70%). There's also some housing in Dover built before 1939 ( 7.68%).

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 -1.54%, 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 8.86%, which is higher than appreciation rates in 95.18% 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 3.75%, which equates to an annual appreciation rate of 15.85%.

Importantly, this makes Dover one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Florida, our data show that Dover's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$178,593

Dover, FL HOME PRICES

Value Range
> $1,263,000 1.0
$947,001 - $1,263,000 0.5
$632,001 - $947,000 0.9
$505,001 - $632,000 1.1
$379,001 - $505,000 7.7
$252,001 - $379,000 18.2
$127,001 - $252,000 37.9
$63,001 - $127,000 22.7
$0 - $63,000 10.0

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
39.8020729636353 55.982905982906

Number Of Homes And Apartments:
1,077

Rent & Ownership

 

Average Market Rent:
$914 / per month

Homeownership Rate

Homeownership
Owners 44.82
Renters 55.18
Vacant 3.84

Housing Market Details

 

Age of Homes

AGE OF Dover HOMES
2000 or Newer 27.3
1970 - 1999 43.3
1940 - 1969 21.7
1939 or Older 7.7

Types of Homes

TYPE OF Dover HOMES
Single-Family 64.6
Townhomes 6.5
Small Apt. Buildings 10.2
Apt. Complexes 0.0
Mobile Homes 18.8
Other 0.0

Home Size

SIZE OF Dover HOMES
No Bedroom 2.05
1 Bedroom 2.41
2 Bedrooms 32.95
3 Bedrooms 46.52
4 Bedrooms 16.07
5 or more bedrooms 0.00

Dover Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
69.18% 3.14% 5 8
* 10 is highest