Home Values in Dover, New Hampshire — 2026 Market Report
Updated March 2026 | Buyer's Market | +4.4% YoY
The median home value in Dover, New Hampshire is $385,000 as of March 2026, which is near the national median of $400,000. Home values in Dover have increased by 4.4% over the past year and 24% over the last five years. With a population of 32,741 and a median household income of $68,250, the price-to-income ratio stands at 5.6x, making Dover affordable for the average household.
Dover Housing Market Conditions
| Metric | Dover | National Avg |
|---|---|---|
| Median Home Value | $385,000 | $400,000 |
| YoY Appreciation | +4.4% | +3.8% |
| 5-Year Appreciation | +24% | +22.4% |
| Price per Sq Ft | $135 | $222 |
| Days on Market | 60 days | 45 days |
| Months of Supply | 5.3 | 3.5 |
| List-to-Sale Ratio | 98.5% | 98.5% |
| Monthly Homes Sold | 21 | — |
| Foreclosure Rate | 0.76% | 0.3% |
Home Value Trends in Dover
A homeowner who purchased at the median price of $310,484 five years ago in Dover would have gained approximately $74,516 in equity, representing a 24% return on investment. Over the past year alone, the typical homeowner gained $16,226 in home equity.
Affordability in Dover, NH
With a median household income of $68,250 and a median home price of $385,000, the price-to-income ratio in Dover is 5.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,840 compared to estimated monthly ownership costs of $2,499 gives a rent-vs-buy ratio of 0.88. In Dover, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Dover
The effective property tax rate in New Hampshire is 2.09%. On a home valued at $385,000, the estimated annual property tax bill is $8,047, or approximately $671/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Dover is 108.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Dover, NH?
The median home value in Dover, New Hampshire is $385,000 as of March 2026. Home values have changed +4.4% over the past year, with a 5-year appreciation of 24%.
Is Dover a buyer's or seller's market?
Dover is currently a buyer's market with 5.3 months of housing supply. Homes spend an average of 60 days on market, and the list-to-sale price ratio is 98.5%. Higher inventory gives buyers more negotiating power.
Are home values going up in Dover?
Yes, home values in Dover have increased by 4.4% over the past year. The 5-year appreciation rate is 24%, meaning a home worth $310,484 five years ago is now worth $385,000.
Is it better to rent or buy in Dover?
The average monthly rent in Dover is $2,840, while estimated monthly homeownership costs are approximately $2,499. The price-to-rent ratio is 11.3. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Dover, New Hampshire is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.