# Dover Delaware Residential Rent and Rental Statistics

The **median monthly gross residential rent in Dover, DE (the Dover metro area) was $995 in 2015** according to the Census ACS survey.^{1} **Average gross rent in Dover was $979 in 2015**. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Dover median and average rent data will be released in September of 2017.

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.

### Real Gross Rent in Dover Delaware (2015 dollars)^{2}

2015 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US Median Gross Rent | $959 | +3.12% | +8.24% |

Delaware Median Gross Rent | $1,049 | +2.94% | +8.93% |

Dover, DE Median Gross Rent | $995 | -2.45% | +5.96% |

## Dover, DE Real Gross Rent Trends

Median gross rent for Dover peaked in real terms in 2014 at $1,020 and is now $25 (2.45%) lower. Average gross rent for Dover peaked in real terms in 2007 at $992 and is now $13 (1.31%) lower.

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

## Real Gross Rent History for Dover

Date | US Median |
Delaware Median |
Dover, DE Median |
Dover, DE Average |
---|---|---|---|---|

2015 | $959 | $1,049 | $995 | $979 |

2014 | $930 | $1,019 | $1,020 | $986 |

2013 | $898 | $992 | $948 | $929 |

2012 | $886 | $963 | $939 | $925 |

2011 | $887 | $977 | $954 | $938 |

2010 | $901 | $1,003 | $1,010 | $929 |

2009 | $905 | $1,020 | $958 | $879 |

2008 | $920 | $1,024 | $1,019 | $974 |

2007 | $874 | $1,008 | $996 | $992 |

2006 | $883 | $961 | $945 | $911 |

2005 | $858 | $935 | $873 | $839 |

## Dover Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.^{3} **In 2015 the rental vacancy rate for Dover Delaware was 5.33%** according to Census ACS data.

### Rental Vacancy Rate in Dover Delaware

2015 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 5.85% | -0.47% | -0.92% |

Delaware | 7.12% | -0.03% | -0.78% |

Dover, DE | 5.33% | +1.55% | -3.33% |

## 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 12.23% to 5.33%. Data records for this series originated in 2005.

### Rental Vacancy Rate: Dover DE, Delaware, US

## Historical Rental Vacancy Rate data for Dover

Date | US | Delaware | Dover, DE |
---|---|---|---|

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 21.03% in 2015** according to the ACS.

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

2015 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 20.63% | -0.26% | -0.02% |

Delaware | 20.55% | -0.03% | +0.83% |

Dover, DE | 21.03% | -1.24% | -0.21% |

## 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 2.03% to 21.03%.

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

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

Date | US | Delaware | Dover, DE |
---|---|---|---|

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 2015 32.25% of households were renters** according to Census ACS data.

### Dover Fraction of Renters by Household Units

2015 | 1 Year Change | 3 Year Change | |
---|---|---|---|

US | 36.97% | +0.07% | +0.88% |

Delaware | 29.19% | -0.53% | +0.02% |

Dover, DE | 32.25% | -0.60% | +3.87% |

## Trends in the Dover, DE Renter Fraction

The Dover household renter fraction peaked in in 2014 at 32.85% and is now 0.60% below that level. The origin year for the series is 2005.

### Fraction of Renting Households: Dover DE, Delaware, US

## History of Dover Renter Fraction

Date | US | Delaware | Dover, DE |
---|---|---|---|

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. ↩