Dover, NH 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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Dover, NH Housing Market Trends

With 32,191 people, 13,489 houses or apartments, and a median cost of homes of $312,922, Dover real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Dover, accounting for 43.01% of the city's housing units. Other types of housing that are prevalent in Dover include large apartment complexes or high rise apartments ( 26.06%), duplexes, homes converted to apartments or other small apartment buildings ( 20.59%), and a few row houses and other attached homes ( 7.34%).

People in Dover primarily live in small (one, two or no bedroom) single-family detached homes. Dover has a mixture of owner-occupied and renter-occupied housing.

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 before 1939 ( 24.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.60%). There's also some housing in Dover built between 2000 and later ( 16.29%).

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 38.26%, which ranks in the top 40% nationwide. This equates to an annual average Dover house appreciation rate of 3.29%.

Over the last year, Dover appreciation rates have trailed the rest of the nation. In the last twelve months, Dover's appreciation rate has been 5.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dover were at 2.11%, which equates to an annual appreciation rate of 8.70%.

Relative to New Hampshire, our data show that Dover's latest annual appreciation rate is lower than 80% of the other cities and towns in New Hampshire.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Dover differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dover - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Dover real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$312,922

Dover, NH HOME PRICES

> $1,199,000
0.5%
0.5%
$899,001 - $1,199,000
1.0%
1.0%
$599,001 - $899,000
3.6%
3.6%
$480,001 - $599,000
8.6%
8.6%
$360,001 - $480,000
17.9%
17.9%
$240,001 - $360,000
47.1%
47.1%
$120,001 - $240,000
16.3%
16.3%
$60,001 - $120,000
2.3%
2.3%
$0 - $60,000
2.7%
2.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for NH

Value Relative To Nation

Number Of Homes And Apartments:
13,489

Dover Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
82.62% 2.91%
5
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,102 / per month

Homeownership Rate

Owners
50.0%
50.0%
Renters
50.0%
50.0%
Vacant
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
16.3%
16.3%
1970 - 1999
36.5%
36.5%
1940 - 1969
22.6%
22.6%
1939 or Older
24.7%
24.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
43.0%
43.0%
Townhomes
7.3%
7.3%
Small Apt. Buildings
20.6%
20.6%
Apt. Complexes
26.1%
26.1%
Mobile Homes
3.0%
3.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.5%
1.5%
1 Bedroom
15.1%
15.1%
2 Bedrooms
36.0%
36.0%
3 Bedrooms
31.7%
31.7%
4 Bedrooms
12.8%
12.8%
5 or more bedrooms
2.9%
2.9%
0.0% 100.0%
% OF HOMES