Dover, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Dover Neighborhoods Since 2000




Dover, PA 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 1,991, 779 total housing units (homes and apartments), and a median house value of $158,419, Dover real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Dover, accounting for 61.62% of the borough's housing units. Other types of housing that are prevalent in Dover include large apartment complexes or high rise apartments ( 17.80%), duplexes, homes converted to apartments or other small apartment buildings ( 10.75%), and a few row houses and other attached homes ( 9.83%).

The most prevalent building size and type in Dover are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 59.44% owning and 40.56% 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 before 1939 ( 27.86%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.85%). There's also some housing in Dover built between 2000 and later ( 9.13%).

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 -0.63% 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 6.73%, which is higher than appreciation rates in 79.49% 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 2.73%, which equates to an annual appreciation rate of 11.40%.

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

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

Average Home Values

 

Median Home Value:
$158,419

Dover, PA HOME PRICES

Value Range
> $1,075,000 0.2
$807,001 - $1,075,000 0.0
$538,001 - $807,000 0.0
$430,001 - $538,000 1.2
$322,001 - $430,000 0.6
$215,001 - $322,000 14.2
$107,001 - $215,000 61.4
$54,001 - $107,000 9.3
$0 - $54,000 13.2

Average for PA
Average for Nation

Value Relative to Nation Value Relative to State
46.3787647954998 40.4830917874396

Number Of Homes And Apartments:
779

Dover Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
39.52% 1.95% 4 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,179 / per month

Homeownership Rate

Homeownership
Owners 59.44
Renters 40.56
Vacant 9.94

Housing Market Details

 

Age of Homes

AGE OF Dover HOMES
2000 or Newer 9.1
1970 - 1999 41.2
1940 - 1969 21.8
1939 or Older 27.9

Types of Homes

TYPE OF Dover HOMES
Single-Family 61.6
Townhomes 9.8
Small Apt. Buildings 10.8
Apt. Complexes 17.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Dover HOMES
No Bedroom 0.00
1 Bedroom 15.38
2 Bedrooms 23.01
3 Bedrooms 42.31
4 Bedrooms 15.84
5 or more bedrooms 3.47