Dover, Delaware Real Estate & Housing Market

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Dover Housing Information

Index	Dover	Delaware	National
Median home price	$172,000	$233,100	$184,700
Median rent asked	$982	$1,039	$949
Avg. people per household	2.5	2.6	2.6
Owner occupied households	50.2%	70.9%	63.6%
Renter occupied households	49.8%	29.1%	36.4%

The above shows an overview of the real estate market in Dover, DE. Note how the median home price for Dover, DE runs $172,000, which is 26% lower than the average property price for Delaware. So you’re going to get real estate in Dover, DE that is on-average more affordable than what you’ll find in the rest of Delaware. As for rent, the median for Dover, DE runs $982, which is comparatively 5% lower than the average rent for Delaware. For Dover, DE, about 50.2% of the population consist of home owners with about 2.5 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Dover, DE offers a wide variety of real estate. To find your perfect home in Dover, DE, filter your choice by price, location, and number of beds and baths using the search area above.

Dover Home Affordability

When deciding where to purchase Dover, DE real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Dover, DE the median home price is $172,000 and $46,355 is the median household income. As a result, the home price to income ratio in Dover, DE is 3.7x, which is 3% lower than the Delaware average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Dover, DE the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Dover, DE.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Henderson, MD	141	$0	100%
Dover Base Housing, DE	3,352	$0	100%
Woodside East, DE	2,452	$73,000	60%
Cheswold, DE	1,123	$85,000	54%
Marydel, MD	276	$117,500	36%
Dover, DE	37,351	$172,000	7%

Cities with similar population

City, State	Population	Home Price	National Avg.
Mission Bend, TX	37,334	$118,000	36%
Texarkana, TX	37,389	$115,300	38%
East Meadow, NY	37,228	$400,700	117%
Keizer, OR	37,497	$203,600	10%
Mechanicsville, VA	37,201	$226,500	23%
Dover, DE	37,351	$172,000	7%

Source: The Dover, DE housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).