Dover City, Delaware Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Dover City, Delaware rental market.

Dover City, Delaware

Average Apartment Rent

$1,532

As of November 2024

Dover City, Delaware Average apartment rent trend

Median Rent Mar 2024 Jul 2024 Nov 2024
Dover $1,618 $1,562 $1,532
National $1,727 $1,752 $1,748
Dover
National
Mar 2024
$1,618
$1,727
Jul 2024
$1,562
$1,752
Nov 2024
$1,532
$1,748

Dover City, Delaware Average Apartment Rent

Dover City, Delaware Apartment rent ranges

Under $500
$500 - $700
$700 - $1000
$1,000 - $1,500
$1,500 - $2,000
Over $2,000

At 49.7%, apartments priced $1,000 - $1,500 represent the bulk of Dover City, Delaware rentals, while condos priced Over $2,000 hold the lowest share of the market – 5.67%.

Dover City, Delaware Housing tenure**

Renter occupied housing units 7,811
Owner occupied housing units 7,303

Renters take up 52% of Dover City, Delaware real estate, occupying a total of 7,811 units, while homeowners live in 7,303 properties.

Median number of rooms of renter-occupied housing units**

4.2

Renter median household income**

$37,831

Average household size of renter-occupied housing units**

2.26

Rental vacancy rate**

6.2%

Dover City, Delaware Renter-occupied housing units by no. of bedrooms**

No bedrooms 164
1 bed 1,759
2 beds 3,581
3 beds 1,983
4 beds 107
5 or more beds 217

There are 3,581 rentals in Dover City, Delaware with 2 beds making up the highest share of the market, at 46%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 107 units. Overall, the median number of rooms in Dover City, Delaware homes for rent is 4.2.

Dover City, Delaware Renter-occupied units by age of householder**

15 - 24 years 900
25 - 34 years 1,864
35 - 44 years 1,524
45 - 54 years 1,215
55 - 59 years 360
60 - 64 years 376
65 - 74 years 717
75 - 84 years 653
85 years and over 202

Most condos for rent in Dover City, Delaware are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.

Dover City, Delaware Renter-occupied housing units by family type**

Family households 3,478
Non-Family Households 4,333

Dover City, Delaware Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 2,389
No related children of the householder under 18 5,422

A total of 3,478 apartments for rent in Dover City, Delaware, or 45% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 2,389 units. All in all, the median size of a renter-occupied household in Dover City, Delaware is 2.26.

Dover City, Delaware Renter-occupied housing units by educational attainment**

Less than high school graduate 941
High school graduate (including equivalency) 2,107
Some college or associate's degree 2,854
Bachelor's degree or higher 1,909

In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Dover City, Delaware.

Dover City, Delaware Renter-occupied units by year structure built**

Built 2010 - 2019 951
Built 2000 - 2009 1,514
Built 1990 - 1999 1,092
Built 1980 - 1989 1,339
Built 1970 - 1979 1,093
Built 1960 - 1969 696
Built 1950 - 1959 441
Built 1940 - 1949 130
Built 1939 or earlier 555

The highest share of Dover City, Delaware apartment rentals, namely 19% or 1,514 units, were Built 2000 - 2009, followed by those Built 1980 - 1989 (17%, 1,339 units), and the ones Built 1970 - 1979 (14%, 1,093 units).

Dover City, Delaware Renter-occupied units by year householder moved in**

Moved in 2021 or later 427
Moved in 2018 to 2020 2,891
Moved in 2010 to 2017 3,595
Moved in 2000 to 2009 751
Moved in 1990 to 1999 127

Median year renter moved into unit 2017

Most Dover City, Delaware renters (46%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Dover City, Delaware condos for rent is 2017.

Dover City, Delaware Renter-occupied housing units by vehicles available**

No vehicle available 1,548
1 vehicle available 3,928
2 vehicles available 1,752
3 vehicles available 390
4 or more vehicles available 193

When it comes to transportation options, 50% of Dover City, Delaware renters have 1 vehicle available per household, 22% of them have 2 vehicles available, and 20% have No vehicle available.

Dover City, Delaware Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 6,027
Car, truck, or van - carpooled 813
Public transportation (excluding taxicab) 146
Walked 716
Taxicab, motorcycle, bicycle, or other means 221
Worked at home 220

Dover City, Delaware Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 14,110
Moved within same county 1,930
Moved from different county within same state 467
Moved from different state 949

Dover City, Delaware Average apartment rent by zip codes


The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Dover City, Delaware apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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