1031 Exchange Dothan, Alabama

 

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

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