Dothan appreciation rates and housing market information

Dothan housing market information

With 57,652 people, 25,997 houses or apartments, and a median cost of homes of $151,393, Dothan real estate is some of the most expensive in Alabama, although Dothan home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Dothan, accounting for 69.93% of the city's housing units. Other types of housing that are prevalent in Dothan include large apartment complexes or high rise apartments (12.72%), duplexes, homes converted to apartments, or other small apartment buildings (8.61%), mobile homes or trailers (6.68%), and a few row houses and other attached homes (2.05%).

The most prevalent building size and type in Dothan are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 57.61% owning, and 33.73% renting.

There is a lot of housing in Dothan built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Dothan built from 1940-1969 (31.88%). A lesser amount of the housing stock also hails from 1995 and later (10.92%), and some were built from 1939 and earlier (10.92%).

Dothan home appreciation rates

Dothan's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Dothan during the period has been just 6.10%, which is lower than % of US communities.

Appreciation rates are so strong in Dothan that despite a nationwide downturn in the housing market, Dothan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dothan appreciation rates continue to be some of the highest in America, at 3.19%, which is higher than appreciation rates in 77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dothan. Dothan appreciation rates in the latest quarter were at 2.10%, which equates to an annual appreciation rate of 8.40%.

Importantly, this makes Dothan one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Alabama, our data show that Dothan's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Dothan differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Dothan - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Dothan real estate investment or home purchase decisions.