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Dover

Learn about the people, housing, costs and businesses in Dover, Illinois

Median Home$121,000
Median Rent$975/month
Population143
Leading IndustriesConstruction · Agriculture & Mining · Public Administration12% construction
Home Value Growth+6.2% over 2 years
Retirees23% of residentsslightly above average
Homeowners74% of occupied units
NotableTransit90/100 · excellent transit access
Dover
IL

Frequently Asked Questions

What are today's mortgage rates in Dover?

As of today, the 30-year fixed mortgage rate for Dover is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Dover?

The median home value in Dover is $121k. The median monthly rent is $975. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Dover?

Home values in Dover have increased 6.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Dover?

Based on a typical all-in ownership cost of $930/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Dover is $58k/year.

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What industries drive the economy in Dover?

The largest employment sectors in Dover are public administration (28%) and agriculture and mining (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.