Real Estate Investing in Dover, Delaware (19901)
Should you buy in 19901 (Dover, DE)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Dover, DE (19901)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 19901 Dover
ZIP 19901 in Dover, DE carries a sturdy set of headwinds. Home values near $334K and rents of $1,547/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 19901 can be a a viable market for hunting ground — but the discount at $334K reflects genuine risk that outside investors often underestimate.
In practical terms, 19901 offers a low basis, the region around Dover has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 19901 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 19901 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Dover:
Property Strategy for 19901
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $238,198 | $1,540 | 4.7% | +8.7% | $119,099 |
| 3BR | $304,854 | $2,140 | 5.1% | +8.4% | $101,618 |
| 4BR | $392,343 | $2,390 | 4.4% | +7.5% | $98,086 |
| 5BR | $472,386 | — | — | +7.5% | $94,477 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 19901 Compare?
| Metric | 19901 | Dover | Dover, DE | Delaware |
|---|---|---|---|---|
| Home Value | $334,303 | $169,663 | N/A | $397,840 |
| 5-Year CAGR | 6.8% | 6.7% | N/A | 6.7% |
| Avg Rent | $1,547 | $1,631 | N/A | - |
| Cap Rate | 3.6% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 19901 (Dover, DE). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $334,303 |
| Monthly Rent | $1,547 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.5% ▲ |
🏠 Rent Trends
| 1-Year | -5.4% ▼ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 19901
Population: 39,149
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 19901
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,203 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How quickly do rentals get leased in Dover, DE?
Vacancy in Dover, DE is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,547/mo.
Should investors consider Dover, DE?
Dover, DE stands at an investability rating of 3.0/5, with median home values near $334K and average rents around $1,547/mo. That combination puts it in the healthy tier for investor interest.
How qualified is the tenant pool in Dover, DE?
Dover, DE draws a measured base of working renters. Demand at the $1,547/mo rent level is reasonable for standard single-family and small multi rentals.
Is rental property easy to operate in Dover, DE?
DE ranks as a balanced state for landlord-tenant law. Dover generally follows the statewide framework, so landlords face reasonable operating rules.
Where do home prices stand in Dover, DE?
Expect median prices around $334K in Dover, DE. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
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