Department of Numbers

Dover Delaware Residential Rent and Rental Statistics

The median monthly gross residential rent in Dover, DE (the Dover metro area) was $997 in 2016 according to the Census ACS survey.1 Average gross rent in Dover was $978 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Dover median and average rent data will be released in September of 2018.

Data is also available below for Dover rental vacancy rates, Dover rent as a percent of median income and the fraction of renters in Dover.

Show dollars as: Nominal Real

Real Gross Rent in Dover Delaware (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Delaware Median Gross Rent $1,048 -1.41% +4.28%
Dover, DE Median Gross Rent $997 -1.09% +3.85%

Dover, DE Real Gross Rent Trends

Median gross rent for Dover peaked in real terms in 2008 at $1,033 and is now $36 (3.48%) lower. Average gross rent for Dover peaked in real terms in 2007 at $1,005 and is now $27 (2.69%) lower.

Real Gross Rent in Dover: Dover DE Median, Dover DE Average, Delaware Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Dover

Date US
Median
Delaware
Median
Dover, DE
Median
Dover, DE
Average
2016 $981 $1,048 $997 $978
2015 $972 $1,063 $1,008 $992
2014 $942 $1,032 $1,033 $999
2013 $910 $1,005 $960 $941
2012 $898 $975 $951 $937
2011 $898 $990 $966 $950
2010 $912 $1,016 $1,023 $941
2009 $916 $1,033 $971 $890
2008 $932 $1,037 $1,033 $986
2007 $885 $1,021 $1,009 $1,005
2006 $895 $973 $957 $923
2005 $869 $947 $885 $850

Dover Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Dover Delaware was 3.43% according to Census ACS data.

Rental Vacancy Rate in Dover Delaware

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Delaware 8.03% +0.91% -1.32%
Dover, DE 3.43% -1.90% -1.02%

Trends in Dover, DE Rental Vacancy Rate

The rental vacancy rate in Dover peaked in 2010 at 17.56%. Since then it has fallen by 14.13% to 3.43%. Data records for this series originated in 2005.

Rental Vacancy Rate: Dover DE, Delaware, US

Rental vacancy rate in Delaware

Historical Rental Vacancy Rate data for Dover

Date US Delaware Dover, DE
2016 5.89% 8.03% 3.43%
2015 5.85% 7.12% 5.33%
2014 6.32% 7.15% 3.78%
2013 6.49% 9.35% 4.45%
2012 6.77% 7.90% 8.66%
2011 7.40% 8.59% 11.68%
2010 8.17% 13.41% 17.56%
2009 8.43% 12.42% 7.20%
2008 7.86% 9.60% 6.72%
2007 7.87% 9.42% 2.02%
2006 7.70% 10.01%
2005 7.74% 9.12% 6.66%

Rent as a Fraction of Income

Using median household income data for Dover, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Dover, median monthly gross rent as a fraction of median household income was 22.10% in 2016 according to the ACS.

Dover Delaware Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Delaware 20.36% -0.19% -0.36%
Dover, DE 22.10% +1.07% +1.18%

Trends in Dover, DE Rent as a Fraction of Income

The fraction of median Dover household income required to pay median monthly gross rent peaked in 2007 (relative to the 2005 series origin) at 23.06%. Since then it has fallen by 0.96% to 22.10%.

Fraction of Income towards Rent: Dover DE, Delaware, US

Percent of median household income going towards median monthly gross rent in Dover Delaware

Historical Data for Annual Rent as a Fraction of Income in Dover Delaware

Date US Delaware Dover, DE
2016 20.43% 20.36% 22.10%
2015 20.63% 20.55% 21.03%
2014 20.89% 20.58% 22.27%
2013 20.78% 20.72% 20.91%
2012 20.65% 19.72% 21.23%
2011 20.70% 19.59% 21.41%
2010 20.50% 20.46% 21.07%
2009 20.12% 20.03% 20.79%
2008 19.00% 18.98% 19.55%
2007 18.66% 20.00% 23.06%
2006 18.90% 18.85% 20.52%
2005 18.89% 18.13% 18.42%

Renter Fraction in Dover Delaware

You can calculate the renter fraction in Dover in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Dover as a fraction of total Dover households. In 2016 33.01% of households were renters according to Census ACS data.

Dover Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Delaware 30.21% +1.02% +1.89%
Dover, DE 33.01% +0.76% +4.94%

Trends in the Dover, DE Renter Fraction

At 33.01%, the 2016 household based renter fraction in Dover was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Dover DE, Delaware, US

Fraction of renters in Dover

History of Dover Renter Fraction

Date US Delaware Dover, DE
2016 36.88% 30.21% 33.01%
2015 36.97% 29.19% 32.25%
2014 36.90% 29.72% 32.85%
2013 36.50% 28.32% 28.07%
2012 36.09% 29.17% 28.38%
2011 35.42% 28.40% 30.11%
2010 34.65% 27.03% 24.55%
2009 34.13% 26.38% 25.03%
2008 33.36% 26.51% 26.30%
2007 32.80% 27.50% 29.46%
2006 32.73% 25.59% 26.52%
2005 33.10% 27.64% 26.57%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.