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 $241,975, 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%).
Dover's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dover during the period has been just 5.62%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Dover's appreciation rate, at 6.39%, has been at or slightly above the national average. In the latest quarter, Dover's appreciation rate has been 2.69%, which annualizes to a rate of 11.20%.
Relative to Pennsylvania, our data show that Dover's latest annual appreciation rate is lower than 50% 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.
$241,975
for Pennsylvania
for nation
824
$1,673 / per month