Dover, MA Real Estate Trends
Nestled in a small residential town, homes for sale in Dover are only minutes from Boston, MA. Primarily known as a colonial community, the area currently offers a wonderful school system, picturesque settings, as well as large home lots. Additionally, Dover real estate is in great proximity to several beautiful communities throughout Norfolk County.Known as a family town, Dover continuously ranks #1 in the Boston Magazine/Babson College survey of "the healthiest towns in greater Boston."
With a population of approximately 5,608 residents, Dover has experienced a population growth of .86% since 2000. A little over 30% of the residents are between the ages of 35 and 54. Out of 1,834 households in Dover, 1,534 are family households. Statistics also show that married residents comprise71.49%, and married couples with children constitute 51.70%.
The unemployment rate in Dover is only 3.40%compared to the U.S. average of 6.30%. Recent job growth is positive with an increase of 1.33%, so the job market is steady and thriving. Dover is an affluent community with most households bringing in an income of $200k annually or more. In the area, the most popular careers are in: management, business, finance, sales, and office/admin support.
The crime index is well below the national average for violent and property crimes, making it a safe and peaceful community for residents.With economic stability, steady job growth, and high earning potential, Dover real estate is undeniably attractive for families and married professionals.
Dover, MA Real Estate Highlights
If you are considering Dover rentals or homes for sale, know that this quaint, rural community ranks high on several lists. Dover has received numerous awards and accolades, including:
• Ranking #1 as Safest Cities for Families with Young Children
• Ranking #1 as Most Competitive Private Colleges
• Ranking #1 for high schools in Massachusetts by Boston Magazine for Dover-Sherborn Regional High School.
Dover Real Estate Market
Homes in Dover (02030) have a median age of 47 years old. Filled with historic charm, the median cost of Dover homes for sale is $768,500 with a home appreciation last year of 8.60%. Residents own 86.01% of the homes and rent 7.61% of the homes in the community. The median Dover rental rate for a studio apartment is $1,030 and $1,920 for a 4-bedroom home or apartment.
In the next ten years, you can expect that Dover apartments and homes will be in high demand as job growth is anticipated to increase as much as 39.30%, bringing a wave of families and professionals to the area.