Dothan, AL—36303
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 $181,000, with a year-over-year change of 3.5%. 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 | $181,000 | 3.5% |
| Single Family | $181,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $78,000 | 2.6% |
3 Bed | $197,000 | 4.2% |
4 Bed | $312,000 | 3.7% |
| 5 Bed | $489,000 | 4.7% |
% of Housing Stock
Rental Trends — Dothan, AL
As of July '25, Rentcast reports the average rent in Dothan, AL is $1,220, with a year-over-year rent change of -14.7%. Per bedroom, the median rent as of July '25 in Dothan, AL is studios: $1,550, 1-bedrooms: $1,010, 2-bedrooms: $1,060, 3-bedrooms: $1,230, 4-bedrooms: $1,320. The most common rental property sizes in Dothan, AL are 2-bedroom and 3-bedroom, accounting for 39.9% and 36.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $995 | $1,220 |
| Studio Rent | $1,200 | $1,550 |
| 1 Bed Rent | $982 | $1,010 |
| 2 Bed Rent | $985 | $1,060 |
| 3 Bed Rent | $990 | $1,230 |
| 4 Bed Rent | $1,100 | $1,320 |
% 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 74. This is a increase of 26.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $259,000 | 13.0% |
Listing Count | 121 | 10.0% |
| Listings as % of Homes | 0.5% | 10.0% |
Days on Market | 74 | 26.0% |
Demographics — Dothan, AL
As of the latest ACS Survey released in 2023, Dothan, AL has a population of 30,400, which has decreased by -2.0% over the past 5 years. Dothan, AL is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 27.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,400 | -2.0% |
% Under 18 | 23.2% | -1.7% |
% Seniors | 18.2% | 5.2% |
% WFH | 4.9% | 69.0% |
% w/ College Degree | 27.8% | 11.2% |
As of the latest ACS Survey released in 2023, Dothan, AL is a predominantly white area, with 50.1% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Dothan, AL is black, making up 41.1% of the population. Foreign-born residents account for 2.8% of the population in Dothan, AL, and this percentage has increased by 27.3% 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 | 50.1% | -6.2% |
% Black | 41.1% | 2.0% |
% Hispanic | 4.0% | 33.3% |
% Asian | 1.3% | 44.4% |
% Foreign Born | 2.8% | 27.3% |
Mortgage and Risk — Dothan, AL
According to HUD data as of 2023, there were 507 mortgage originations in Dothan, AL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 35.0% 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 | 507 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% 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 19.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-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 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,058 |
Total Units Section 8 | 968 |
% Rentals under Section 8 | 19.0% |
% Occupied Section 8 | 86.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$252 | $982 | $730 |
| 2 Bedroom | -$85 | $985 | $900 |
| 3 Bedroom | $240 | $990 | $1,230 |
| 4 Bedroom | $290 | $1,100 | $1,390 |
Affordability — Dothan, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $181,000 |
| Median Household Income | $53,000 |