Department of Numbers

Dothan Alabama Residential Rent and Rental Statistics

The median monthly gross residential rent in Dothan, AL (the Dothan metro area) was $620 in 2012 according to the Census ACS survey.1 Average gross rent in Dothan was $602 in 2012. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2013 Dothan median and average rent data will be released in September of 2014.

Data is also available below for Dothan rental vacancy rates, Dothan rent as a percent of median income and the fraction of renters in Dothan.

Show dollars as: Nominal Real

Real Gross Rent in Dothan Alabama (2012 dollars)2

2012 1 Year Change 3 Year Change
US Median Gross Rent $884 -0.23% -1.23%
Alabama Median Gross Rent $689 -1.43% -1.43%
Dothan, AL Median Gross Rent $620 -0.96% 0.00%

Dothan, AL Real Gross Rent Trends

Median gross rent for Dothan peaked in real terms in 2010 at $640 and is now $20 (3.12%) lower. At $602, real average gross rent in Dothan was at its highest level in 2012 since the series began in 2005.

Real Gross Rent in Dothan: Dothan AL Median, Dothan AL Average, Alabama Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Dothan

Date US
Median
Alabama
Median
Dothan, AL
Median
Dothan, AL
Average
2012 $884 $689 $620 $602
2011 $886 $699 $626 $590
2010 $896 $699 $640 $569
2009 $895 $699 $620 $569
2008 $901 $690 $589 $570
2007 $862 $657 $626 $571
2006 $868 $652 $591 $529
2005 $849 $624 $554 $517

Dothan Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2012 the rental vacancy rate for Dothan Alabama was 6.71% according to Census ACS data.

Rental Vacancy Rate in Dothan Alabama

2012 1 Year Change 3 Year Change
US 6.77% -0.63% -1.66%
Alabama 7.79% -0.51% -2.54%
Dothan, AL 6.71% +2.74% -1.92%

Trends in Dothan, AL Rental Vacancy Rate

The rental vacancy rate in Dothan peaked in 2006 at 13.95%. Since then it has fallen by 7.24% to 6.71%. Data records for this series originated in 2005. From a 2011 post peak low of 3.97%, the rental vacancy rate has increased by 2.74%.

Rental Vacancy Rate: Dothan AL, Alabama, US

Rental vacancy rate in Alabama

Historical Rental Vacancy Rate data for Dothan

Date US Alabama Dothan, AL
2012 6.77% 7.79% 6.71%
2011 7.40% 8.30% 3.97%
2010 8.17% 9.64% 5.73%
2009 8.43% 10.33% 8.63%
2008 7.86% 9.73% 8.86%
2007 7.87% 9.25% 13.14%
2006 7.70% 8.72% 13.95%
2005 7.74% 9.21% 9.26%

Rent as a Fraction of Income

Using median household income data for Dothan, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Dothan, median monthly gross rent as a fraction of median household income was 19.77% in 2012 according to the ACS.

Dothan Alabama Median Annual Rent as a Fraction of Median Household Income

2012 1 Year Change 3 Year Change
US 20.65% -0.05% +0.53%
Alabama 19.89% -0.02% +0.42%
Dothan, AL 19.77% +1.53% +0.27%

Trends in Dothan, AL Rent as a Fraction of Income

Dothan renters paid 19.77% of median household income towards the median monthly gross rent in 2012. This is the highest fraction of median household income going to rent since the series originated in 2005.

Fraction of Income towards Rent: Dothan AL, Alabama, US

Percent of median household income going towards median monthly gross rent in Dothan Alabama

Historical Data for Annual Rent as a Fraction of Income in Dothan Alabama

Date US Alabama Dothan, AL
2012 20.65% 19.89% 19.77%
2011 20.70% 19.91% 18.24%
2010 20.50% 19.78% 18.95%
2009 20.12% 19.47% 19.50%
2008 19.00% 17.75% 15.88%
2007 18.66% 17.78% 18.78%
2006 18.90% 17.73% 18.22%
2005 18.89% 17.41% 15.71%

Renter Fraction in Dothan Alabama

You can calculate the renter fraction in Dothan in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Dothan as a fraction of total Dothan households. In 2012 31.48% of households were renters according to Census ACS data.

Dothan Fraction of Renters by Household Units

2012 1 Year Change 3 Year Change
US 36.09% +0.67% +1.96%
Alabama 31.25% +1.14% +0.83%
Dothan, AL 31.48% +0.40% +0.85%

Trends in the Dothan, AL Renter Fraction

The Dothan household renter fraction peaked in in 2010 at 34.33% and is now 2.85% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Dothan AL, Alabama, US

Fraction of renters in Dothan

History of Dothan Renter Fraction

Date US Alabama Dothan, AL
2012 36.09% 31.25% 31.48%
2011 35.42% 30.11% 31.08%
2010 34.65% 29.88% 34.33%
2009 34.13% 30.42% 30.63%
2008 33.36% 29.01% 27.64%
2007 32.80% 29.10% 27.02%
2006 32.73% 28.22% 27.85%
2005 33.10% 29.48% 28.33%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.