Duplex in Dover and NH Housing Market

[Jakob Mikhitarian]

Duplex sold in Dover in 2025 for mid $500’s 

Both units have 3 bed/1 bath apartments 

Both units are in decent shape but there is room for some cosmetic upgrades 

270k/unit and approx $240/sqft

These two numbers tell us this duplex is very on par for what the market looks like in Dover 

Because of the larger bedroom count, I’d like to play out a house hack scenario:

PITI payment + maintenance/Capex + vacancy + energy bills + reserves= $5400/mo(rough estimate) 

Now I’ve been hearing that this winter has proved to be harder than normal for landlords to rent out, so assuming a below market rent for a 3 bedroom in Dover going for $2100 and two individual rooms in your own unit renting for $600, that totals up to be $3300, leaving an additional $2k/mo rent to pay. In this case, an argument can be made that it would be easier and more convenient to rent. 

What do you guys think? And for those in the Seacoast area, do you see Dover becoming like Portsmouth? Or will it be different, and if so, how? 

Since 2020, prices have shot up tremendously in Dover and have continued to rise. Will we see appreciation slowing down or will the physical assets of real estate keep going up? 

I’d love to hear some predictions/comments on the housing market in NH.