Dover, New Hampshire Housing Market Prices
Dover Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 108% above the New Hampshire median$625,000
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Median rent 8% above the New Hampshire median$1,607
Housing Market Overview
| Metric | Dover | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $300,691 | $248,835 |
| Price Trend (Annual %) | -3.4% | 5.7% | 7.5% |
| Median Gross Rent | $1,607 | $1,490 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dover is about 108% higher than in New Hampshire. Rent is about 8% higher than the New Hampshire average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Dover: home prices fell about 3.4% a year while rent rose about 5.8% a year. That is an unusual pattern worth watching.
Median rent in Dover rose about 64.6% between 2015 and 2024, from $976 to $1,607. Over the same span, rent in New Hampshire rose about 49.0%.
Affordability
On average, housing unit costs 6.7 yearly household incomes in Dover.
Buying the median-priced home in Dover costs roughly 32.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Dover. The price-to-rent ratio in New Hampshire is about 16.8.
| Metric | Dover | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Home Price | $625,000 | $300,691 | $248,835 |
| Median Household Income | $93,496 | $99,079 | $80,455 |
| Price-to-Income Ratio | 6.7 | 3.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dover rose about 15.5%, while median household income rose about 49.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Dover | New Hampshire Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.3% | 62.4% | 58.5% |
| Rental Rate | 46.2% | 23.3% | 31.2% |
| Vacancy Rate | 2.5% | 14.3% | 10.2% |
| Median Tenure (years) | 11.0 | 16.0 | 15.0 |
| Median Year Moved In | 2015 | 2010 | 2011 |
Dover has a homeownership rate of 51.3%, lower than the New Hampshire average of 62.4%. Its housing vacancy rate is 2.5%, compared with 14.3% in New Hampshire.
Housing Stock
| Metric | Dover | New Hampshire Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.15 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1973 | 1975 | 1978 |
| Median Number of Rooms | 4.9 | 5.6 | 5.5 |
The typical housing unit in Dover was built around 1973. On average, 2.2 people live in a home with about 4.9 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dover, New Hampshire.
What is the median home price in Dover, New Hampshire?
The median home price in Dover, New Hampshire is $625,000, higher than the New Hampshire average of $300,691.
What is the average home price in Dover, New Hampshire?
The typical home price in Dover, New Hampshire, reported as the median sale price, is $625,000. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Dover, New Hampshire?
The median gross rent in Dover, New Hampshire is $1,607 per month, higher than the New Hampshire average of $1,490.
What was the median gross rent in Dover in 2020?
In 2020, the median gross rent in Dover, New Hampshire was $1,183 per month.
What is the price-to-rent ratio in Dover, New Hampshire?
The price-to-rent ratio in Dover, New Hampshire is about 32.4, meaning it would take roughly 32.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Dover.
Are home prices or rent rising faster in Dover, New Hampshire?
Home prices and rent are moving in opposite directions in Dover: home prices fell about 3.4% a year while rent rose about 5.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Dover, New Hampshire?
51.3% of households in Dover, New Hampshire own their home, lower than the New Hampshire average of 62.4%.
What is the vacancy rate in Dover, New Hampshire?
The housing vacancy rate in Dover, New Hampshire is 2.5%, lower than the New Hampshire average of 14.3%.
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