Dover, DE—19904
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 $334,000, with a year-over-year change of 2.5%. This indicates that home prices in Dover, DE are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $334,000 | 2.5% |
| Single Family | $338,000 | 2.4% |
| Condos | $150,000 | -8.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $230,000 | 4.5% |
3 Bed | $303,000 | 2.0% |
4 Bed | $390,000 | 2.4% |
| 5 Bed | $447,000 | 1.4% |
% of Housing Stock
Rental Trends — Dover, DE
As of July '25, Rentcast reports the average rent in Dover, DE is $2,010, with a year-over-year rent change of 8.6%. Per bedroom, the median rent as of July '25 in Dover, DE is studios: $1,300, 1-bedrooms: $1,210, 2-bedrooms: $1,590, 3-bedrooms: $2,120, 4-bedrooms: $2,660. The most common rental property sizes in Dover, DE are 2-bedroom and 3-bedroom, accounting for 37.1% and 35.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,010 |
| Studio Rent | $1,280 | $1,300 |
| 1 Bed Rent | $1,100 | $1,210 |
| 2 Bed Rent | $1,600 | $1,590 |
| 3 Bed Rent | $2,000 | $2,120 |
| 4 Bed Rent | $2,600 | $2,660 |
% 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 53. This is a increase of 25.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $394,000 | -8.0% |
Listing Count | 177 | 19.0% |
| Listings as % of Homes | 0.7% | 19.0% |
Days on Market | 53 | 25.0% |
Demographics — Dover, DE
As of the latest ACS Survey released in 2023, Dover, DE has a population of 38,100, which has increased by 6.7% over the past 5 years. Dover, DE is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 27.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,100 | 6.7% |
% Under 18 | 22.1% | -0.9% |
% Seniors | 19.3% | 18.4% |
% WFH | 8.6% | 68.6% |
% w/ College Degree | 27.2% | 5.0% |
As of the latest ACS Survey released in 2023, Dover, DE is a predominantly white area, with 47.9% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Dover, DE is black, making up 35.3% of the population. Foreign-born residents account for 10.1% of the population in Dover, DE, and this percentage has increased by 50.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 47.9% | -8.1% |
% Black | 35.3% | -1.7% |
% Hispanic | 8.1% | 37.3% |
% Asian | 3.2% | 33.3% |
% Foreign Born | 10.1% | 50.7% |
Mortgage and Risk — Dover, DE
According to HUD data as of 2023, there were 732 mortgage originations in Dover, DE, of which 55.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 45.0% 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. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 732 |
% Conventional Loans | 55.0% |
% Government Loans | 45.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Dover, DE
As of 2024, the percent of homes in Dover, DE under the Section 8 program is 9.2%. 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. 1-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 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 590 |
Total Units Section 8 | 506 |
% Rentals under Section 8 | 9.2% |
% Occupied Section 8 | 56.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $40 | $1,100 | $1,140 |
| 2 Bedroom | -$160 | $1,600 | $1,440 |
| 3 Bedroom | $10 | $2,000 | $2,010 |
| 4 Bedroom | -$400 | $2,600 | $2,200 |
Affordability — Dover, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $334,000 |
| Median Household Income | $66,900 |