Dover, DE—19901
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Dover, DE
Home Price Trends — Dover, DE
As of Oct '25, the median home price in Dover, DE is $326,000, with a year-over-year change of 3.7%. This indicates that home prices in Dover, DE are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $326,000 | 3.7% |
| Single Family | $327,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $238,000 | 5.3% |
3 Bed | $305,000 | 3.7% |
4 Bed | $392,000 | 1.8% |
| 5 Bed | $472,000 | 1.9% |
% of Housing Stock
Rental Trends — Dover, DE
As of July '25, Rentcast reports the average rent in Dover, DE is $1,940, with a year-over-year rent change of 16.2%. Per bedroom, the median rent as of July '25 in Dover, DE is studios: $1,100, 1-bedrooms: $1,350, 2-bedrooms: $1,540, 3-bedrooms: $2,060, 4-bedrooms: $2,520. The most common rental property sizes in Dover, DE are 2-bedroom and 3-bedroom, accounting for 37.4% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,940 |
| Studio Rent | $1,100 | $1,100 |
| 1 Bed Rent | $1,370 | $1,350 |
| 2 Bed Rent | $1,500 | $1,540 |
| 3 Bed Rent | $1,950 | $2,060 |
| 4 Bed Rent | $2,400 | $2,520 |
% of Rental Stock
Property Listings — Dover, DE
As of Oct '25, Realtor.com reports that the median days on market for a home in Dover, DE is 63. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $311,000 | -13.0% |
Listing Count | 135 | 39.0% |
| Listings as % of Homes | 0.5% | 39.0% |
Days on Market | 63 | 5.0% |
Demographics — Dover, DE
As of the latest ACS Survey released in 2023, Dover, DE has a population of 39,100, which has increased by 5.1% over the past 5 years. Dover, DE is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 26.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,100 | 5.1% |
% Under 18 | 23.5% | 1.3% |
% Seniors | 16.7% | 12.8% |
% WFH | 6.3% | 103.2% |
% w/ College Degree | 26.6% | 5.1% |
As of the latest ACS Survey released in 2023, Dover, DE is a predominantly white area, with 43.7% of the population identifying as white. The white population has shrunk by 15.5% in the last 5 years. The second most common race or ethnicity in Dover, DE is black, making up 35.2% of the population. Foreign-born residents account for 6.6% of the population in Dover, DE, and this percentage has decreased by 16.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 43.7% | -15.5% |
% Black | 35.2% | 2.9% |
% Hispanic | 13.0% | 66.7% |
% Asian | 2.2% | -33.3% |
% Foreign Born | 6.6% | -16.5% |
Mortgage and Risk — Dover, DE
According to HUD data as of 2023, there were 582 mortgage originations in Dover, DE, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Dover, DE. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 582 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Dover, DE
As of 2024, the percent of homes in Dover, DE under the Section 8 program is 11.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Dover, DE, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,210 |
Total Units Section 8 | 779 |
% Rentals under Section 8 | 11.4% |
% Occupied Section 8 | 71.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,370 | $1,200 |
| 2 Bedroom | $20 | $1,500 | $1,520 |
| 3 Bedroom | $170 | $1,950 | $2,120 |
| 4 Bedroom | -$80 | $2,400 | $2,320 |
Affordability — Dover, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $326,000 |
| Median Household Income | $63,900 |