Dover, NC—28526
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dover, NC
As of Oct '25, the median home price in Dover, NC is $137,000, with a year-over-year change of -3.3%. This indicates that home prices in Dover, NC are decreasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $137,000 | -3.3% |
| Single Family | $137,000 | -2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $114,000 | -0.9% |
3 Bed | $165,000 | -2.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Dover, NC
Dover, NC lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,750 | $1,750 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dover, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Dover, NC is 189. This is a increase of 233.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $219,000 | 33.0% |
Listing Count | 6 | 55.0% |
| Listings as % of Homes | 0.2% | 55.0% |
Days on Market | 189 | 233.0% |
Demographics — Dover, NC
As of the latest ACS Survey released in 2023, Dover, NC has a population of 1,850, which has decreased by -38.7% over the past 5 years. Dover, NC is a less popular place for families, as children make up 12.4% of the population. The area has a moderately educated workforce, with 25.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,850 | -38.7% |
% Under 18 | 12.4% | -60.9% |
% Seniors | 26.8% | 48.1% |
% WFH | 4.2% | -38.2% |
% w/ College Degree | 25.0% | 92.3% |
As of the latest ACS Survey released in 2023, Dover, NC is a predominantly white area, with 62.9% of the population identifying as white. The white population has grown by 25.0% in the last 5 years. The second most common race or ethnicity in Dover, NC is black, making up 34.5% of the population. Foreign-born residents account for 0.4% of the population in Dover, NC, and this percentage has decreased by 96.0% 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 | 62.9% | 25.0% |
% Black | 34.5% | 8.8% |
% Hispanic | 1.1% | -94.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | -96.0% |
Mortgage and Risk — Dover, NC
According to HUD data as of 2023, there were 39 mortgage originations in Dover, NC, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Dover, NC. Investor activity is low, as 0.0% 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 | 39 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Dover, NC
Dover, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $910 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | -$160 | $1,750 | $1,590 |
| 4 Bedroom | N/A | N/A | $1,960 |
Affordability — Dover, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $137,000 |
| Median Household Income | $48,900 |