Dothan, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Dothan Neighborhoods Since 2000




Dothan, AL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Dothan Housing Market Information

With 68,560 people, 25,913 houses or apartments, and a median cost of homes of $134,289, house prices in Dothan are solidly below the national average.

Single-family detached homes are the single most common housing type in Dothan, accounting for 72.28% of the city's housing units. Other types of housing that are prevalent in Dothan include large apartment complexes or high rise apartments ( 12.06%), duplexes, homes converted to apartments or other small apartment buildings ( 8.75%), and a few mobile homes or trailers ( 5.27%).

The most prevalent building size and type in Dothan are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.42% owning and 41.58% renting.

There is a lot of housing in Dothan built from 1970 to 1999 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 between 1940-1969 ( 27.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.27%). There's also some housing in Dothan built before 1939 ( 2.83%).

Vacant housing appears to be an issue in Dothan. Fully 13.53% of the housing stock is classified as vacant. Left unchecked, vacant Dothan homes and apartments can be a drag on the real estate market, holding Dothan real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 -0.88%, which is lower than 70% of US communities.

Over the last year, Dothan appreciation rates have trailed the rest of the nation. In the last twelve months, Dothan's appreciation rate has been -0.88%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dothan were at -1.66%, which equates to an annual appreciation rate of -6.46%.

Notably, Dothan's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Dothan's latest annual appreciation rate is lower than 80% 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 2000, to assist you in making the best Dothan real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$134,289

Dothan, AL HOME PRICES

Value Range
> $1,005,000 0.5
$754,001 - $1,005,000 0.5
$503,001 - $754,000 1.4
$402,001 - $503,000 1.6
$302,001 - $402,000 5.1
$201,001 - $302,000 13.3
$101,001 - $201,000 38.5
$50,001 - $101,000 26.6
$0 - $50,000 12.6

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
57.5032227821399 25.125

Number Of Homes And Apartments:
25,913

Dothan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
17.99% 0.96% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$939 / per month

Homeownership Rate

Homeownership
Owners 58.42
Renters 41.58
Vacant 13.53

Housing Market Details

 

Age of Homes

AGE OF Dothan HOMES
2000 or Newer 17.3
1970 - 1999 52.7
1940 - 1969 27.2
1939 or Older 2.8

Types of Homes

TYPE OF Dothan HOMES
Single-Family 72.3
Townhomes 1.6
Small Apt. Buildings 8.7
Apt. Complexes 12.1
Mobile Homes 5.3
Other 0.1

Home Size

SIZE OF Dothan HOMES
No Bedroom 0.36
1 Bedroom 5.65
2 Bedrooms 24.30
3 Bedrooms 53.81
4 Bedrooms 13.79
5 or more bedrooms 2.08