Quick facts: Dover, DE

Quick Facts

110.0
Cost of Living
above US average
38,594
Population
53.27
Crime Rate per 1000
above US average
$54,438
Median Income
below US average
$368,900
Median House Price
above US average
$1993.43
Average Rent
above US average
10%
Poverty Rate
below US average
7.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $54,438.

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Income Needed to Buy

βœ— Stretch
$116k/year
Based on $368,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $116k vs median $54,438
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Income Needed to Rent

⚠ Stretch
$85k/year
Based on $1993.43/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $85k vs median $54,438
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Dover, DE

Dover, the capital of Delaware, is a city rich in history and culture, located in Kent County. With a population of around 38,000, it's known for its friendly community and vibrant atmosphere. Dover is famous for its historical landmarks, including the Delaware State Capitol and the Old State House, showcasing its political significance since the 18th century. The city offers a blend of modern amenities and historical charm, with a variety of shopping, dining, and entertainment options. The Biggs Museum of American Art is a highlight for art enthusiasts, featuring an impressive collection of Delawarean and American art. Dover is also home to the Dover International Speedway, known for hosting major NASCAR races, drawing motorsport fans from all over. Additionally, the city has several parks and recreational areas, making it family-friendly and suitable for outdoor activities. Education is prioritized in Dover, with various public and private schools, as well as proximity to higher education institutions. Overall, Dover combines a sense of history with a lively cultural scene, making it a unique place to visit or live.

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