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Cheap Homes in Dothan, AL

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Living in Dothan, AL

Dothan, AL, is a welcoming small city that offers a blend of southern charm and modern amenities. Known for its agricultural heritage, residents enjoy an array of recreational activities and community events. With great schools and a family-friendly atmosphere, it's an ideal location for real estate investment.

Current Market Conditions in Dothan, AL

The real estate market in Dothan is currently experiencing steady growth with an increase in demand for single-family homes. The market's affordability compared to larger metropolitan areas attracts both families and investors alike. Dothan's steady population growth and economic development initiatives further enhance its appeal as a real estate investment hotspot.

Recent trends indicate an uptick in new construction and home renovations, which reflects the confidence of buyers and investors in the area. The average home prices are still reasonable, making it an attractive market for those looking to invest in rental properties or to purchase a family home.

Home Value Estimator For Dothan, AL

There are currently 26,470 real estate properties in Dothan, AL, with a median automated valuation model (AVM) price of $185,139.00. 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 $223,910.00, with the most expensive house in Dothan, AL, topping out at $38,828,168.00 and the cheapest home in Dothan, AL, clocking in at $10,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Dothan, AL!

Rent Prices 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 $1,018.00. 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 $930.00. 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.

Cheap Homes in Dothan, AL

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