Dover, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Dover Neighborhoods Since 2000




Dover, TN 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 1,457, 726 total housing units (homes and apartments), and a median house value of $153,792, 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 76.39% of the city's housing units. Other types of housing that are prevalent in Dover include large apartment complexes or high rise apartments ( 11.74%), row houses and other attached homes ( 4.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.03%).

The most prevalent building size and type in Dover are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.83% owning and 38.17% 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 between 1940-1969 ( 23.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.15%). There's also some housing in Dover built before 1939 ( 8.54%).

Vacant housing appears to be an issue in Dover. Fully 13.88% of the housing stock is classified as vacant. Left unchecked, vacant Dover homes and apartments can be a drag on the real estate market, holding Dover real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Dover Home Appreciation Rates

In the last 10 years, Dover has experienced some of the highest home appreciation rates of any community in the nation. Dover real estate appreciated 16.96% over the last ten years, which is an average annual home appreciation rate of 1.58%, putting Dover in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dover definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Dover's appreciation rate, at 3.79%, has been at or slightly above the national average. In the latest quarter, Dover's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Tennessee, our data show that Dover's latest annual appreciation rate is higher than 50% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$153,792

Dover, TN HOME PRICES

Value Range
> $1,113,000 0.0
$835,001 - $1,113,000 0.0
$556,001 - $835,000 0.7
$445,001 - $556,000 1.6
$334,001 - $445,000 6.5
$222,001 - $334,000 14.6
$111,001 - $222,000 44.7
$56,001 - $111,000 20.9
$0 - $56,000 10.9

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
48.4296261572718 29.0816326530612

Number Of Homes And Apartments:
726

Dover Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
62.81% 2.87% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$691 / per month

Homeownership Rate

Homeownership
Owners 61.83
Renters 38.17
Vacant 13.88

Housing Market Details

 

Age of Homes

AGE OF Dover HOMES
2000 or Newer 11.2
1970 - 1999 56.5
1940 - 1969 23.8
1939 or Older 8.5

Types of Homes

TYPE OF Dover HOMES
Single-Family 76.4
Townhomes 4.3
Small Apt. Buildings 4.0
Apt. Complexes 11.7
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Dover HOMES
No Bedroom 0.36
1 Bedroom 13.64
2 Bedrooms 21.00
3 Bedrooms 51.13
4 Bedrooms 12.69
5 or more bedrooms 1.19

Popular Neighborhoods in Dover

Popular Communities Near Dover, TN

Zip Codes in Dover, TN