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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,947 people, 824 houses or apartments, and a median cost of homes of $235,959, house prices in Dover are solidly below the national average.
Single-family detached homes are the single most common housing type in Dover, accounting for 68.54% of the borough's housing units. Other types of housing that are prevalent in Dover include duplexes, homes converted to apartments or other small apartment buildings ( 16.59%), large apartment complexes or high rise apartments ( 8.81%), and a few row houses and other attached homes ( 6.06%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dover. Owner-occupied housing accounts for 73.67% of Dover's homes, and 66.13% have either three or four bedrooms, which is average sized relative to America.
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 1940-1969 ( 26.77%). A lesser amount of the housing stock also hails from before 1939 ( 12.70%). There's also some housing in Dover built between 2000 and later ( 6.41%).
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 5.55% 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 7.27%, which is higher than appreciation rates in 76.58% 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 1.61%, which equates to an annual appreciation rate of 6.58%.
Relative to Pennsylvania, our data show that Dover's latest annual appreciation rate is higher than 70% of the other cities and towns in Pennsylvania.
One very important thing to keep in mind is that these are average appreciation rates for the borough. 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.
$235,959
for Pennsylvania
for nation
824
$1,584 / per month