Total monthly cost of ownership
Cost to Own a Home in Dover, Tennessee
A $199,000 home here costs
$1,649per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $70,500 a year.
A standard mortgage calculator would have told you $1,085. The real number is $564 higher every month, 52% more than the payment most buyers budget for.
Compare Stewart County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Dover from a five-year rolling sample, and with about 2,080 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Stewart County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Dover against Stewart County and Tennessee
| Measure | Dover | Stewart County |
|---|---|---|
| Median home value | $199,300 | $182,700 |
| Median property tax | $1,101 | $951 |
| Effective tax rate | 0.552% | 0.521% |
| Median gross rent | $681 | $837 |
| Population | 2,080 | 13,859 |
The weather behind that power bill
Dover sits in Stewart County, which averages a high of 87.8°F in its hottest month and a low of 27.4°F in its coldest, with 54.8" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,539 cooling and 3,845 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Stewart County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Stewart County
No other places of this size are published in Stewart County.
Full Stewart County cost breakdown · Every county in Tennessee
Talk to someone who works this market
These are Dover averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Dover every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Dover?
A $199,000 home in Dover, Tennessee costs approximately $1,649 per month with 20% down at 7.24%. That is $1,085 principal and interest, $92 property tax, $84 homeowners insurance, $223 utilities and $166 set aside for maintenance.
What is the property tax rate in Dover?
Dover has an effective property tax rate of 0.552%, based on a median home value of $199,300 and median real estate taxes of $1,101. That is higher than the Stewart County average of 0.521%.
What is the average home price in Dover?
The median owner-occupied home value in Dover, Tennessee is $199,300, against $182,700 across Stewart County.
Is it cheaper to rent or buy in Dover?
Median gross rent in Dover is $681 a month, against $1,649 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Dover?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Dover, Tennessee at today's rate takes a household income of roughly $70,500 a year. That covers the full $1,649 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Dover, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Tennessee.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.