The typical owner-occupied home in Dover is worth about $112,200, 40% below the Arkansas median of $188,000 and 66% below the national median of $332,700. Owners pay a median $995 a year in property taxes, about 0.89% of their home's value, higher than the Arkansas rate of 0.55%. The median household earns $32,332 a year, so the median home costs 3.5 times the median income (3.1 times for Arkansas). 69% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Dover at a glance
| Dover | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $112,200 | $188,000 | $332,700 |
| Median property tax paid per year | $995 | $1,040 | $3,119 |
| Property tax as a share of value | 0.89% | 0.55% | 0.94% |
| Median household income | $32,332 | $60,773 | $80,734 |
| Homes lived in by their owners | 69% | 66% | 65% |
| Owner homes with a mortgage | 61% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $812 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 30.1% | 18.5% | 21.0% |
| Median rent | $816 | $947 | $1,413 |
| Rent as a share of renters' income | 31.0% | 27.6% | 30.6% |
| Median year homes were built | 1986 | 1987 | 1980 |
| Vacant homes | 13.8% | 13.5% | 10.1% |
| Population | 1,795 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Dover
At this week's average 30-year rate of 7.11%, buying the median Dover home of $112,200 with 20% down costs about $734 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $921, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $31,448 for the 20%-down payment. That payment is 27% of the median Dover household income of $32,332; at that income and 20% down, the 28% guideline points to a home of about $115,000.
The median rent here is $816 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,440 |
|---|---|
| Loan amount | $89,760 |
| Principal and interest | $604 |
| Property taxes (0.89% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $734 |
Change the numbers in the calculator
| Down payment | $3,927 |
|---|---|
| Loan amount | $110,168 |
| Principal and interest | $741 |
| Property taxes (0.89% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $921 |
Change the numbers in the calculator
Questions about home buying in Dover
What is the median home value in Dover?
About $112,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dover?
Homeowners pay a median $995 a year, which is about 0.89% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Dover?
For the median home with 20% down at 7.11%, the payment is about $734 a month. Keeping that under 28% of gross income takes about $31,448 a year.
More about Dover
- Mortgage Refinance in Dover
- Debt Relief in Dover
- Home Equity Loans in Dover
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data