Dover, NH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dover, NH Real Estate Data


Dover Housing Market Information

With a population of 30,880, 12,586 total housing units (homes and apartments), and a median house value of $290,459, 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 43.82% of the city's housing units. Other types of housing that are prevalent in Dover include large apartment complexes or high rise apartments ( 27.74%), duplexes, homes converted to apartments or other small apartment buildings ( 19.58%), and a few row houses and other attached homes ( 6.47%).

People in Dover primarily live in small (one, two or no bedroom) single-family detached homes. Dover has a mixture of owner-occupied and renter-occupied housing.

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 before 1939 ( 27.08%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.32%). There's also some housing in Dover built between 2000 and later ( 13.35%).

Dover Home Appreciation Rates

Real estate appreciation rates in Dover's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.18% during the period.

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 5.98%, which is higher than appreciation rates in 73.87% 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 1.57%, which equates to an annual appreciation rate of 6.42%.

Relative to New Hampshire, our data show that Dover's latest annual appreciation rate is higher than 80% of the other cities and towns in New Hampshire.

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:
$290,459

Dover, NH HOME PRICES

Value Range
> $1,197,000 0.3
$898,001 - $1,197,000 0.7
$598,001 - $898,000 2.6
$479,001 - $598,000 7.4
$359,001 - $479,000 16.5
$239,001 - $359,000 41.3
$120,001 - $239,000 27.0
$60,001 - $120,000 2.4
$0 - $60,000 1.9

High for NH
Very High for Nation

Value Relative to Nation Value Relative to State
17.8544240791708 37.5796178343949

Number Of Homes And Apartments:
12,586

Rent & Ownership

 

Average Market Rent:
$1,350 / per month

Homeownership Rate

Homeownership
Owners 49.13
Renters 50.87
Vacant 6.40

Housing Market Details

 

Age of Homes

AGE OF Dover HOMES
2000 or Newer 13.3
1970 - 1999 33.3
1940 - 1969 26.3
1939 or Older 27.1

Types of Homes

TYPE OF Dover HOMES
Single-Family 43.8
Townhomes 6.5
Small Apt. Buildings 19.6
Apt. Complexes 27.7
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Dover HOMES
No Bedroom 1.68
1 Bedroom 15.19
2 Bedrooms 36.51
3 Bedrooms 32.06
4 Bedrooms 12.48
5 or more bedrooms 2.08

Dover Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
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
54.77% 2.60% 7 7
* 10 is highest