Dothan, AL Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Dothan, AL Housing Market Trends

With a population of 68,941, 26,268 total housing units (homes and apartments), and a median house value of $154,628, 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 71.16% of the city's housing units. Other types of housing that are prevalent in Dothan include large apartment complexes or high rise apartments ( 13.22%), duplexes, homes converted to apartments or other small apartment buildings ( 9.08%), and a few mobile homes or trailers ( 4.90%).

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 58.36% owning and 41.64% 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 ( 27.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.28%). There's also some housing in Dothan built before 1939 ( 2.66%).

Vacant housing appears to be an issue in Dothan. Fully 16.71% 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

Some of the lowest real estate appreciation rates in America over the last ten years have been in Dothan, where house values have increased just 7.00%, which is annualized rate of 0.68%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

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 4.43%, 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 -0.33%, which equates to an annual appreciation rate of -1.30%.

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 90% 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

 
info

Median Home Value:
$154,628

Dothan, AL HOME PRICES

> $1,092,000
0.9%
0.9%
$819,001 - $1,092,000
0.6%
0.6%
$546,001 - $819,000
1.8%
1.8%
$437,001 - $546,000
1.8%
1.8%
$328,001 - $437,000
4.9%
4.9%
$218,001 - $328,000
14.0%
14.0%
$109,001 - $218,000
38.1%
38.1%
$55,001 - $109,000
26.7%
26.7%
$0 - $55,000
11.2%
11.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

High for AL

Value Relative To Nation

Number Of Homes And Apartments:
26,268

Dothan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
33.79% 1.40%
1
1
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$989 / per month

Homeownership Rate

Owners
58.4%
58.4%
Renters
41.6%
41.6%
Vacant
16.7%
16.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
21.3%
21.3%
1970 - 1999
48.7%
48.7%
1940 - 1969
27.4%
27.4%
1939 or Older
2.7%
2.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.2%
71.2%
Townhomes
1.6%
1.6%
Small Apt. Buildings
9.1%
9.1%
Apt. Complexes
13.2%
13.2%
Mobile Homes
4.9%
4.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
6.4%
6.4%
2 Bedrooms
24.8%
24.8%
3 Bedrooms
52.5%
52.5%
4 Bedrooms
13.4%
13.4%
5 or more bedrooms
2.3%
2.3%
0.0% 100.0%
% OF HOMES