Dover vs Wilmington
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Wilmington has an edge
Wilmington currently favors renting, with better rent-to-price dynamics.
Median Home PriceTIE
$360,953.91
Median RentBETTER
$1,773.32/mo
Price-to-Rent Ratio
17.0
Property Tax RateTIE
0.56%
Price Change (1Y)
+2.5%
Price Change (5Y)
+12.6%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$127,551
Median Home PriceTIE
$361,117.09
Median Rent
$1,877.7/mo
Price-to-Rent RatioBETTER
16.0
Property Tax RateTIE
0.56%
Price Change (1Y)BETTER
+3.8%
Price Change (5Y)BETTER
+19.0%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$59,256
Key Differences
Home Prices
Dover's median home price of $360,953.91 is lower than Wilmington's $361,117.09 by 0%.
Monthly Rent
Renting in Dover costs $1,773.32/mo compared to $1,877.7/mo in Wilmington—a difference of $104.38/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.