Dover, DE 19901 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Dover, DE—19901

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$334,000

2.1% YoY Growth

Household Income

$63,900

28.6% YoY Growth

Days on Market

6.0% Shorter YoY

Home Price Forecast

1.3%

Median Rent

$1,800

16.2% YoY Growth

1-Bed Rent

$1,370

0.7% YoY Growth

2-Bed Rent

$1,500

2.5% YoY Growth

3-Bed Rent

$1,950

6.7% YoY Growth

Other Zip Codes in Dover, DE

19904

Home Price Trends — Dover, DE

As of May '26, the median home price in Dover, DE is $334,000, with a year-over-year change of 2.1%. This indicates that home prices in Dover, DE are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$334,000	2.1%
Single Family	$336,000	1.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.7%

1 Bedroom

15.6%

2 Bedrooms

37.4%

3 Bedrooms

32.0%

4 Bedrooms

10.0%

5+ Bedrooms

2.3%

Property Listings — Dover, DE

As of May '26, Realtor.com reports that the median days on market for a home in Dover, DE is 37. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$350,000	9.0%
Listing Count	134	2.0%
Listings as % of Homes	0.5%	2.0%
Days on Market	37	-6.0%

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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%

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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%

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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%

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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

Dover, DE—19901

Key Metrics at a Glance

Other Zip Codes in Dover, DE

Home Price Trends — Dover, DE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Dover, DE

% of Rental Stock

Property Listings — Dover, DE

Demographics — Dover, DE

Race and Ethnicity

Mortgage and Risk — Dover, DE

Mortgages

Rentals and Section 8 — Dover, DE

Section 8 Market Size

Section 8 Opportunity

Affordability — Dover, DE

Home Price to Income Ratio

Dover, DE — ZIP Code Boundary Map

Nearby ZIP Codes

Magnolia, DE

Cheswold

Dover, DE

Woodside

Smyrna, DE

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.6
Median Home Price	$334,000
Median Household Income	$63,900

Dover, DE—19901

Key Metrics at a Glance

Other Zip Codes in Dover, DE

Home Price Trends — Dover, DE

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Dover, DE

% of Rental Stock

Property Listings — Dover, DE

Demographics — Dover, DE

Race and Ethnicity

Mortgage and Risk — Dover, DE

Mortgages

Rentals and Section 8 — Dover, DE

Section 8 Market Size

Section 8 Opportunity

Affordability — Dover, DE

Home Price to Income Ratio

Dover, DE — ZIP Code Boundary Map

Nearby ZIP Codes

Magnolia, DE

Cheswold

Dover, DE

Woodside

Smyrna, DE

Frequently Asked Questions

What is the average home price in Dover, DE 19901?

How have home prices in Dover, DE 19901 changed over the past year?

What is the home price projection for Dover, DE 19901?

What are the demographics of Dover, DE 19901?

How long does it take homes to sell in Dover, DE 19901?

What is the average rent price in Dover, DE 19901?