There are currently 25,586 real estate properties in Dothan, AL, with a median automated valuation model (AVM) price of $150,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Dothan, AL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Dothan, AL, is $175,376.00, with the most expensive house in Dothan, AL, topping out at $7,966,800.00 and the cheapest home in Dothan, AL, clocking in at $14,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Dothan, AL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Dothan, AL, is on a rollercoaster ride. The average rent price in Dothan, AL, is $1,032.00. Indeed, when looking to rent in Dothan, AL, you can expect to pay as little as $400.00 or as much as $3,260.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Dothan, AL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Dothan, AL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Dothan, AL and much more. Save thousands at closing with home foreclosure listings in Dothan, AL — up to 75% off market value!
Dothan is located in Houston, Alabama, with an estimated municipal population of 68,941 residents. All of the best foreclosed homes for sale in Dothan are located in the following zip code areas on Foreclosure.com: 36303 36301 36305 36321 36302 36304. The estimated population per square kilometer (.62 miles) in Dothan is 296.
So, about how much do homes cost in Dothan? The most recent median value of resident-owned homes in Dothan is 149,062. An estimated 59.2 percent of households in Dothan own their homes, with an average family size of 3.26. The median household income in Dothan is 47,081, with20.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Dothan, the median commute time of resident workers (in minutes) is 19.5. And last, but certainly not least, are you looking for homes to rent in Dothan? If so, the average rent price paid by renters in Dothan is 751, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Dothan, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Dothan is 39.6, split between 47.5 percent male versus 52.5 female. The percentage of residents who report being married in Dothan is 43.6, with an average family size of 3.26.
The percentage of residents who report their race in Dothan is as follows:
|Black / African American||33.6%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Dothan? Or maybe you are searching for 55+ active adult communities in and/or near Dothan?
The percentage of residents who report their age in Dothan is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Dothan with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Dothan.
How do you know that living in -- or moving to -- Dothan is right where you need to be? Perhaps you grew up in Dothan or already live nearby; therefore, the decision to buy a home in Dothan is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Dothan for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Dothan:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Dothan.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Dothan can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Dothan, meanwhile, can field multiple offers from more qualified buyers.