The typical owner-occupied home in Dover is worth about $1,308,300, 2.3 times the Massachusetts median of $562,100 and 3.9 times the national median of $332,700. Owners pay a median $10,001 a year in property taxes, about 0.76% of their home's value, lower than the Massachusetts rate of 1.07%. The median household earns $250,001 a year, so the median home costs 5.2 times the median income (5.4 times for Massachusetts). 98% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Dover at a glance
| Dover | Massachusetts | U.S. | |
|---|---|---|---|
| Median home value | $1,308,300 | $562,100 | $332,700 |
| Median property tax paid per year | $10,001 | $5,992 | $3,119 |
| Property tax as a share of value | 0.76% | 1.07% | 0.94% |
| Median household income | $250,001 | $103,960 | $80,734 |
| Homes lived in by their owners | 98% | 63% | 65% |
| Owner homes with a mortgage | 64% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,726 | $1,963 |
| Those costs as a share of the owners' income | 18.4% | 21.9% | 21.0% |
| Median rent | – | $1,762 | $1,413 |
| Median year homes were built | 1967 | 1964 | 1980 |
| Vacant homes | 5.3% | 8.1% | 10.1% |
| Population | 2,308 | 7,044,056 | 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 $1,308,300 with 20% down costs about $8,415 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $10,804, 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 $360,623 for the 20%-down payment. That payment is 40% of the median Dover household income of $250,001; at that income and 20% down, the 28% guideline points to a home of about $907,000.
| Down payment | $261,660 |
|---|---|
| Loan amount | $1,046,640 |
| Principal and interest | $7,041 |
| Property taxes (0.76% a year) | $829 |
| Homeowners insurance (our estimate, 0.5% a year) | $545 |
| PMI | $0 |
| Total per month | $8,415 |
Change the numbers in the calculator
| Down payment | $45,790 |
|---|---|
| Loan amount | $1,284,603 |
| Principal and interest | $8,642 |
| Property taxes (0.76% a year) | $829 |
| Homeowners insurance (our estimate, 0.5% a year) | $545 |
| FHA mortgage insurance | $789 |
| Total per month | $10,804 |
Change the numbers in the calculator
Questions about home buying in Dover
What is the median home value in Dover?
About $1,308,300 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 $10,001 a year, which is about 0.76% 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 $8,415 a month. Keeping that under 28% of gross income takes about $360,623 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