Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,823 people, 705 houses or apartments, and a median cost of homes of $254,226, Dover real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Dover, accounting for 73.04% of the city's housing units. Other types of housing that are prevalent in Dover include large apartment complexes or high rise apartments ( 11.76%), row houses and other attached homes ( 7.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.11%).
The most prevalent building size and type in Dover are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.40% owning and 38.60% renting.
There is a lot of housing in Dover built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Dover built between 1940-1969 ( 28.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.32%). There's also some housing in Dover built before 1939 ( 3.80%).
Vacant housing appears to be an issue in Dover. Fully 16.27% of the housing stock is classified as vacant. Left unchecked, vacant Dover homes and apartments can be a drag on the real estate market, holding Dover real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Dover have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.58%, which ranks in the top 30% nationwide. This equates to an annual average Dover house appreciation rate of 7.52%.
NeighborhoodScout's data show that during the latest twelve months, Dover's appreciation rate, at 6.65%, has been at or slightly above the national average. In the latest quarter, Dover's appreciation rate has been 0.54%, which annualizes to a rate of 2.18%.
Notably, Dover's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Tennessee, our data show that Dover's latest annual appreciation rate is higher than 60% of the other cities and towns in Tennessee.
$254,226
for Tennessee
for nation
705
$1,154 / per month