Dover, TN—37058
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dover, TN
As of Oct '25, the median home price in Dover, TN is $245,000, with a year-over-year change of -2.4%. This indicates that home prices in Dover, TN are decreasing. 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 | $245,000 | -2.4% |
| Single Family | $245,000 | -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 | $198,000 | -1.0% |
3 Bed | $286,000 | -0.3% |
4 Bed | $375,000 | -1.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Dover, TN
As of July '25, Rentcast reports the average rent in Dover, TN is $1,280, with a year-over-year rent change of 8.5%. Per bedroom, the median rent as of July '25 in Dover, TN is 2-bedrooms: $922, 3-bedrooms: $1,430. The most common rental property sizes in Dover, TN are 2-bedroom and 3-bedroom, accounting for 47.9% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $922 |
| 3 Bed Rent | $1,350 | $1,430 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Dover, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Dover, TN is 76. This is a increase of 36.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | 5.0% |
Listing Count | 58 | 19.0% |
| Listings as % of Homes | 0.6% | 19.0% |
Days on Market | 76 | 36.0% |
Demographics — Dover, TN
As of the latest ACS Survey released in 2023, Dover, TN has a population of 7,370, which has decreased by -5.0% over the past 5 years. Dover, TN is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 18.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,370 | -5.0% |
% Under 18 | 19.1% | -18.7% |
% Seniors | 26.3% | 33.5% |
% WFH | 5.0% | 100.0% |
% w/ College Degree | 18.5% | 17.8% |
As of the latest ACS Survey released in 2023, Dover, TN is a predominantly white area, with 91.6% of the population identifying as white. The white population has shrunk by 2.0% in the last 5 years. The second most common race or ethnicity in Dover, TN is hispanic, making up 2.4% of the population. Foreign-born residents account for 2.1% of the population in Dover, TN, and this percentage has increased by 40.0% 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 | 91.6% | -2.0% |
% Black | 0.9% | 50.0% |
% Hispanic | 2.4% | 41.2% |
% Asian | 1.1% | 37.5% |
% Foreign Born | 2.1% | 40.0% |
Mortgage and Risk — Dover, TN
According to HUD data as of 2023, there were 280 mortgage originations in Dover, TN, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Dover, TN. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 280 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Dover, TN
Dover, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | $100 | $850 | $950 |
| 3 Bedroom | -$20 | $1,350 | $1,330 |
| 4 Bedroom | N/A | N/A | $1,590 |
Affordability — Dover, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $245,000 |
| Median Household Income | $59,900 |