Dover, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Dover Neighborhoods Since 2000




Dover, NJ 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (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 18,346, 5,378 total housing units (homes and apartments), and a median house value of $271,466, 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 50.20% of the town's housing units. Other types of housing that are prevalent in Dover include duplexes, homes converted to apartments or other small apartment buildings ( 24.42%), large apartment complexes or high rise apartments ( 16.50%), and a few row houses and other attached homes ( 8.88%).

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 45.44% owning and 54.56% renting.

The housing in Dover was primarily built before 1939 ( 42.59%), making the housing stock in Dover some of the oldest overall in America, although there is a range of ages of homes in Dover. The next most important housing age is between 1940-1969 ( 34.45%), followed by between 1970-1999 ( 19.34%). There's also some housing in Dover built between 2000 and later ( 3.62%).

Dover Home Appreciation Rates

Homes have actually lost value in Dover over the last then years, as home values have seen a decline of 26.76% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Dover home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Dover appreciation rates have trailed the rest of the nation. In the last twelve months, Dover's appreciation rate has been 0.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dover were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$271,466

Dover, NJ HOME PRICES

Value Range
> $1,044,000 0.5
$784,001 - $1,044,000 0.0
$522,001 - $784,000 1.1
$418,001 - $522,000 4.3
$314,001 - $418,000 24.5
$209,001 - $314,000 51.6
$104,001 - $209,000 16.0
$52,001 - $104,000 0.9
$0 - $52,000 1.2

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
19.547638579632 72.1544715447154

Number Of Homes And Apartments:
5,378

Dover Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
41.56% 2.04% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,805 / per month

Homeownership Rate

Homeownership
Owners 45.44
Renters 54.56
Vacant 6.39

Housing Market Details

 

Age of Homes

AGE OF Dover HOMES
2000 or Newer 3.6
1970 - 1999 19.3
1940 - 1969 34.4
1939 or Older 42.6

Types of Homes

TYPE OF Dover HOMES
Single-Family 50.2
Townhomes 8.9
Small Apt. Buildings 24.4
Apt. Complexes 16.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Dover HOMES
No Bedroom 2.94
1 Bedroom 19.44
2 Bedrooms 24.84
3 Bedrooms 34.17
4 Bedrooms 14.83
5 or more bedrooms 3.78