Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$371,872+2.3% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$80,614About 1.0× the local median income ($78,240): a stretch for a typical household
Days on market52 daysFaster than a year ago: sellers have the edge
Next 12 months+2.9%Zillow expects prices to rise slightly
The typical home in Dover, DE is worth $371,872, up 2.3% from a year ago. That is well above what local incomes have historically supported: fair value is about $335,279, so the area is 10.9% overvalued. It is a balanced market, leaning toward buyers: homes take about 52 days to sell, listings are up 18% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 2.9% over the next year. A household needs about $80,614 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,240. Typical rent is $1,775 a month, or $2,151 for a house. In the latest IRS figures, 1,561 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$371,872
Change in 1 year
+2.3%
Overvalued %
+10.9%
Show 7 more
Fair home value
$335,279
Change in 5 years
+28.9%
Zillow forecast, next 12 months
+2.9%
Home value to income
4.8×
Monthly mortgage payment (20% down)
$2,015
Income needed to afford it
$80,614
Property tax rate
0.43%
Rent and investing
Typical rent
$1,775
Typical rent for houses
$2,151
Price-to-rent ratio
17.5×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,629
Gross rental yield
5.73%
Cap rate (estimate)
3.72%
Market activity
Listings vs a year ago
+17.5%
Days on market
52
Listings with a price cut
16.4%
Show 3 more
Homes for sale
617
Pending sales per 100 listings
39
Asking price per sq ft
$196
People and jobs
Median household income
$78,240
Population change (1 year)
+1.0%
Unemployment rate
5.8%
Show 4 more
Population
194,786
Income adjusted for cost of living
$80,246
Net moves in (IRS)
+1,561
Cost of living (US = 100)
97.5
Schools, risk and environment
School rating (1 to 10)
5.6
FEMA hazard risk score (0 to 100)
84.5
Unhealthy air days a year
4
Show 4 more
Flood risk score
82.9
Wildfire risk score
64.9
Walkability (1 to 20)
8.5
Road, rail and air noise
52 dB
Questions people ask
Is Dover, DE overvalued?
Home prices in Dover, DE are well above what local incomes have historically supported: fair value is about $335,279, so the area is 10.9% overvalued.
Is Dover, DE a buyer's or seller's market?
Dover, DE is a balanced market, leaning toward buyers: homes take about 52 days to sell, listings are up 18% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Dover, DE?
Home values in Dover, DE are up 2.3% over the last year. Zillow's forecast for the next 12 months is +2.9%.
How much do you need to earn to buy a home in Dover, DE?
A household needs about $80,614 a year to afford the typical home in Dover, DE at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,240.