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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 68,247 people, 26,001 houses or apartments, and a median cost of homes of $145,530, 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 71.65% of the city's housing units. Other types of housing that are prevalent in Dothan include large apartment complexes or high rise apartments ( 13.13%), duplexes, homes converted to apartments or other small apartment buildings ( 8.52%), and a few mobile homes or trailers ( 4.89%).
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 58.72% owning and 41.28% 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 ( 27.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.07%). There's also some housing in Dothan built before 1939 ( 2.71%).
Vacant housing appears to be an issue in Dothan. Fully 16.18% 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.
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 2.83%, which is annualized rate of 0.28%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Dothan's appreciation rate, at 4.82%, has been at or slightly above the national average. In the latest quarter, Dothan's appreciation rate has been 4.23%, which annualizes to a rate of 18.05%.
Importantly, NeighborhoodScout’s exclusive research found that Dothan's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which 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 50% 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.
|$817,001 - $1,089,000||0.6|
|$545,001 - $817,000||1.4|
|$436,001 - $545,000||1.5|
|$327,001 - $436,000||5.0|
|$218,001 - $327,000||14.1|
|$109,001 - $218,000||37.7|
|$55,001 - $109,000||27.1|
|$0 - $55,000||11.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
2000 Q1 - 2019 Q4
|* 10 is highest|
|AGE OF Dothan HOMES|
|2000 or Newer||19.1|
|1970 - 1999||51.1|
|1940 - 1969||27.1|
|1939 or Older||2.7|
|TYPE OF Dothan HOMES|
|Small Apt. Buildings||8.5|
|SIZE OF Dothan HOMES|
|5 or more bedrooms||2.11|