Dothan, AL—36305
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 $264,000, 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 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $264,000 | 3.5% |
| Single Family | $264,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $241,000 | 3.0% |
4 Bed | $407,000 | 5.2% |
| 5 Bed | $715,000 | 7.0% |
% of Housing Stock
Rental Trends — Dothan, AL
As of July '25, Rentcast reports the average rent in Dothan, AL is $1,370, with a year-over-year rent change of -12.7%. Per bedroom, the median rent as of July '25 in Dothan, AL is 1-bedrooms: $965, 2-bedrooms: $1,070, 3-bedrooms: $1,580. The most common rental property sizes in Dothan, AL are 3-bedroom and 2-bedroom, accounting for 41.5% and 39.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,370 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $965 |
| 2 Bed Rent | $1,100 | $1,070 |
| 3 Bed Rent | $1,600 | $1,580 |
| 4 Bed Rent | N/A | N/A |
% 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 13.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $388,000 | 6.0% |
Listing Count | 71 | 8.0% |
| Listings as % of Homes | 0.3% | 8.0% |
Days on Market | 61 | 13.0% |
Demographics — Dothan, AL
As of the latest ACS Survey released in 2023, Dothan, AL has a population of 17,600, which has increased by 11.2% over the past 5 years. Dothan, AL is a moderately popular place for families, as children make up 23.6% of the population. The area has a moderately educated workforce, with 34.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,600 | 11.2% |
% Under 18 | 23.6% | -3.7% |
% Seniors | 17.4% | 0.6% |
% WFH | 3.8% | -2.6% |
% w/ College Degree | 34.5% | -0.3% |
As of the latest ACS Survey released in 2023, Dothan, AL is a predominantly white area, with 77.0% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Dothan, AL is black, making up 11.9% of the population. Foreign-born residents account for 5.7% of the population in Dothan, AL, and this percentage has increased by 58.3% 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 | 77.0% | -6.7% |
% Black | 11.9% | 15.5% |
% Hispanic | 5.7% | 58.3% |
% Asian | 1.6% | -23.8% |
% Foreign Born | 5.7% | 58.3% |
Mortgage and Risk — Dothan, AL
According to HUD data as of 2023, there were 290 mortgage originations in Dothan, AL, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Dothan, AL. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 290 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Dothan, AL
Dothan, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 124 |
Total Units Section 8 | 124 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 95.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $900 | $960 |
| 2 Bedroom | $90 | $1,100 | $1,190 |
| 3 Bedroom | $20 | $1,600 | $1,620 |
| 4 Bedroom | N/A | N/A | $1,840 |
Affordability — Dothan, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $264,000 |
| Median Household Income | $81,400 |