Dover housing market

Buyer's marketDover, DE metro areaData through Sep 2026
Typical home value
$372K
▲ 2.3% 1 yr
Typical rent
$1,775/mo
▲ 4.5% 1 yr
12-month forecast
+2.9%
#149 of 546 metros
Gross rent yield
5.7%
#304 of 546 · U.S. 6.3%
Days to pending
48 days
▲ +3 days 1 yr
Listings with a price cut
30%
▼ −1.1 pts 1 yr

Key takeaways

  • 1The typical home is worth $371,872, up 2.3% in a year and up 29% over five years.
  • 2Zillow forecasts home values rising 2.9% over the next 12 months (U.S.: +1.1%).
  • 3Typical rent is $1,775/mo (+4.5% YoY), a 5.7% gross yield, below the U.S. 6.3%.
  • 4At 7.32% with 20% down, the typical home costs $2,044/mo in principal and interest, $269 more than renting.
  • 5Homes go under contract in 48 days (+3 days vs last year); 30% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's

Zillow Market Heat Index: 40/100, #275 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.

Home values and rent

Typical home value
Latest $372K
$218K$266K$314K$361K2016201920222025
Typical monthly rent
Latest $1,775
$1,090$1,302$1,515$1,7272016201920222025

How fast homes are selling

Days to go under contract
Latest 48
1737587820182020202220242026
Share of listings with a price cut
Latest 30.4%
9.4%16.3%23.2%30.2%20182020202220242026
Homes for sale vs new listings
Latest 588
For saleNew listings
16438660983120182020202220242026
Share of homes sold above list price
Latest 28.1%
19.2%29.3%39.4%49.5%20182020202220242026

Affordability

Household income needed to buy vs rent
Latest $94K
To buy (20% down)To rent
$43K$59K$74K$90K201620182020202220242026

Source: Zillow Research (ZHVI, ZORI and market activity data).

How Dover compares

MeasureDoverUnited StatesRank of 546
Home value, 1-yr change+2.3%+1.2%#264
Home value, 5-yr change+28.9%+19.7%
12-month forecast+2.9%+1.1%#149
Rent, 1-yr change+4.5%+2.7%#146
Gross rent yield5.7%6.3%#304
Price-to-rent ratio17.515.8
Mortgage P&I on typical home$2,044$2,012
Income needed to buy$93,804$100,902
Days to pending4856

Cities in the Dover metro

1 cities with home value and rent data.

Dover$342K▲ 1.9%$1,702▲ 4.5%6.0%

Run the numbers

Other Delaware metros

Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.