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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Dover, TN Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Dover, TN Housing Market Trends

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.

Dover Home Appreciation Rates

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.

Average Home Values

Median Home Value

$254,226

Dover, TN Home Prices
> $1,368,000
$1,026,001 - $1,368,000
$684,001 - $1,026,000
$547,001 - $684,000
$410,001 - $547,000
$274,001 - $410,000
$137,001 - $274,000
$68,001 - $137,000
$0 - $68,000
2.6%
2.6%
2.5%
2.5%
0.8%
0.8%
5.9%
5.9%
11.7%
11.7%
20.0%
20.0%
31.7%
31.7%
15.5%
15.5%
9.1%
9.1%
0% 100.0%
% of Homes
Average

for Tennessee

Average

for nation

Number of Homes And Apartments:

705

Dover Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,154 / per month

Homeownership Rate

Owners
Renters
61.4%
61.4%
38.6%
38.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.3%
16.3%
83.7%
83.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.3%
15.3%
52.3%
52.3%
28.6%
28.6%
3.8%
3.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.0%
73.0%
7.5%
7.5%
5.1%
5.1%
11.8%
11.8%
2.6%
2.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
11.4%
11.4%
23.4%
23.4%
48.0%
48.0%
13.8%
13.8%
2.0%
2.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Dover

Popular Communities Near Dover, TN

Zip Codes in Dover, TN