Dover, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Dover Neighborhoods Since 2000




Dover, NJ Real Estate Data


Dover Housing Market Information

With 18,346 people, 5,378 houses or apartments, and a median cost of homes of $269,224, 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 27.26% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Dover home appreciation rates at -0.52%, which equates to an annual appreciation rate of -2.06%.

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 -1.08%, 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 -0.52%, which equates to an annual appreciation rate of -2.06%.

Notably, Dover's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New Jersey, our data show that Dover's latest annual appreciation rate is lower than 90% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$269,224

Dover, NJ HOME PRICES

Value Range
> $1,036,000 0.0
$777,001 - $1,036,000 0.0
$518,001 - $777,000 1.1
$414,001 - $518,000 4.3
$311,001 - $414,000 24.5
$207,001 - $311,000 51.6
$103,001 - $207,000 16.0
$52,001 - $103,000 0.9
$0 - $52,000 1.2

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
19.5359193718505 72.5609756097561

Number Of Homes And Apartments:
5,378

Rent & Ownership

 

Average Market Rent:
$1,732 / 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

Dover Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
40.52% 1.99% 3 5
* 10 is highest