Rent, population, and median household income are important factors to consider for a 1031 exchange in Dothan due to their correlations with market demand, and conversely, vacancy rate.
Surrounding metropolitan area Area
Dothan, Alabama is a part of the Dothan, AL metropolitan area area, and contains 5 zip codes: 35601, 35609, 35699, 35602, and 35603.
Dothan Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Dothan, AL metropolitan area area was $614, which is 11.84% lower than 2014 average rent. This represents a compounded annual growth rate of 2.26%. 2019 vacancy in Dothan, AL was 2.00%.
The total population of the city of Dothan, AL has grown 4.20% since 2010. As of 2018, the population was 68,247. The median household income of the Dothan was $45,681, which is 24.23% lower than the national average.
- metropolitan area area Dothan, AL
- avg rent $614
- rent growth 11.84%
- vacancy 2.00%
- median income $45,681
- population (2018) 68,247
- population growth 4.20%
- vs. nat'l avg 24.23%
- zip codes 35601 35602 35603 35609 35699