Dothan, AL—36301
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dothan, AL
As of Oct '25, the median home price in Dothan, AL is $178,000, with a year-over-year change of 2.5%. This indicates that home prices in Dothan, AL are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $178,000 | 2.6% |
| Single Family | $178,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $104,000 | 2.0% |
3 Bed | $184,000 | 3.4% |
4 Bed | $309,000 | 4.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Dothan, AL
As of July '25, Rentcast reports the average rent in Dothan, AL is $1,300, with a year-over-year rent change of -0.8%. Per bedroom, the median rent as of July '25 in Dothan, AL is 1-bedrooms: $889, 2-bedrooms: $998, 3-bedrooms: $1,440, 4-bedrooms: $1,780. The most common rental property sizes in Dothan, AL are 3-bedroom and 2-bedroom, accounting for 47.4% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $889 |
| 2 Bed Rent | $829 | $998 |
| 3 Bed Rent | $1,350 | $1,440 |
| 4 Bed Rent | $1,800 | $1,780 |
% of Rental Stock
Property Listings — Dothan, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Dothan, AL is 61. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $261,000 | 5.0% |
Listing Count | 184 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 61 | 8.0% |
Demographics — Dothan, AL
As of the latest ACS Survey released in 2023, Dothan, AL has a population of 38,600, which has increased by 2.9% over the past 5 years. Dothan, AL is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 17.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,600 | 2.9% |
% Under 18 | 24.2% | -0.8% |
% Seniors | 17.7% | 12.7% |
% WFH | 4.2% | 133.3% |
% w/ College Degree | 17.8% | 11.2% |
As of the latest ACS Survey released in 2023, Dothan, AL is a predominantly white area, with 59.2% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Dothan, AL is black, making up 31.3% of the population. Foreign-born residents account for 3.0% of the population in Dothan, AL, and this percentage has increased by 30.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.2% | -6.3% |
% Black | 31.3% | 4.7% |
% Hispanic | 5.3% | 29.3% |
% Asian | 0.9% | 50.0% |
% Foreign Born | 3.0% | 30.4% |
Mortgage and Risk — Dothan, AL
According to HUD data as of 2023, there were 643 mortgage originations in Dothan, AL, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 47.0% above 90% LTV (very high). This implies large mortgage risk in Dothan, AL. Investor activity is low, as 5.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 643 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Dothan, AL
As of 2024, the percent of homes in Dothan, AL under the Section 8 program is 13.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Dothan, AL, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 853 |
Total Units Section 8 | 852 |
% Rentals under Section 8 | 13.5% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $700 | $690 |
| 2 Bedroom | $21 | $829 | $850 |
| 3 Bedroom | -$190 | $1,350 | $1,160 |
| 4 Bedroom | -$490 | $1,800 | $1,310 |
Affordability — Dothan, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $178,000 |
| Median Household Income | $49,100 |