The housing market in Dover, DE is on the rise. The median value of houses in Dover is currently $279,600, which is significantly lower than the US House median value of $338,100. However, Dover has seen a higher house appreciation rate than the US at 11.37%, compared to 8.27% for the US. This highlights that Dover’s housing market is currently growing and thriving despite its lower median value than the rest of the country.
The median home cost in Dover is $279,600. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Dover is up 17.3%.
Average Age of Homes
- The median age of Dover real estate is 34 years old
The Rental Market in Dover
- Renters make up 42.3% of the Dover population
- 2.9% of houses and apartments in Dover, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.