Rent to own Homes in Dothan, AL
The first thing you need to know about Dothan, Alabama, is that it's the Peanut Capital of the World. Not only does Dothan grow a quarter of all peanut crops in the country, but this city with over 65,000 residents is also home to the delightful Dothan Area Botanical Gardens and the Adventureland Theme Park.
Dothan, AL is a great place for affordable rent-to-own homes! With a median household income of over $48,377 and a median rent of $767, the Dothan, AL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Dothan, AL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Dothan, AL Property Resources
Rent to own Homes in Cities Near Dothan, AL
- Abbeville
- Ashford
- Avon
- Campbellton
- Clayhatchee
- Clopton
- Columbia
- Cottonwood
- Cowarts
- Daleville
- Dothan
- Esto
- Fort Rucker
- Gordon
- Graceville
- Grimes
- Haleburg
- Hartford
- Headland
- Jacob City
- Kinsey
- Level Plains
- Madrid
- Malvern
- Midland City
- Napier Field
- Newton
- Newville
- Noma
- Ozark
- Pansey
- Pinckard
- Rehobeth
- Shorterville
- Skipperville
- Slocomb
- Taylor
- Webb
Neighborhoods in Dothan, AL
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Dothan, AL is seeing rapid growth and Dothan, AL's' housing market remains optimal with an average home price that is -30% below the 2024 national average. Dothan, AL is part of Houston county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Houston is 0.31% which is below the national average, which is 0.99%.
Median Home Price in Dothan, AL
Median Rent in Dothan, AL
Top Reasons to Live in Dothan AL
Housing Statistics Currently only 4% of home properties in Dothan are vacant. Of the remaining homes 55% are owned and 40% rented. A steady turnover rate of 19% means new houses are always coming on the market, and these may also be available as rent to own homes. 72% of homes in Dothan are detached, while apartment buildings make up 20% of homes. The median value of homes in Dothan is estimated at around $119,500, while the average rent is $420 a month.
Transportation and Commutes Dothan is well connected to the cities beyond its borders as three US highways pass through its city limits - 84 from east to west, 231 from north to south, and 431 from the north to its end point within Dothan. These good road links help explain the short commute times to work - the mean travel time is only 17 minutes, while for 1 in 5 residents traveling to work takes less than 10 minutes. Meanwhile, public transport is non-existent in the city, although the not-for-profit Wiregrass Transit Authority offers a dial-a-ride program.
Local Sports The locals love their golf, so much so that an annual junior golf tournament has taken place here since 1950 at the Dothan Country Club. Meanwhile Dothan National Golf Course and Highland Oaks Golf Course also serve the city's putters. While there are no college or professional sports teams, there's plenty of support for the local high school's football team, the Houston Academy Raiders. Basketball fans will want to check out the annual Downtown Dothan Hoops Classic tournament, which pits local school teams against each other at the Dothan Civic Center.
Arts and Culture Dothan has several theaters, including the Featured Plays Theater and the Southeast Alabama Community Theater, which offers year-round amateur dramatics delivered by the community's local thespians. Meanwhile, there are many signs that Dothan takes its tag as Peanut Capital of the World seriously - you'll find it all over the town in the form of 5ft peanut sculptures, which are part of a public art project. Just when you thought things couldn't get any nuttier, it'll be time for the National Peanut Festival in November and the ensuing parade.
Nightlife The typical sports bars that make up the majority of Dothan's nightlife can be found in the northwest of the city, but you'll find something a little different if you head south - the legendary Cowboy's on S Oates St and Dothan Dance Club on Ross Clark Circle. Cowboy's is an old school honky-tonk that seems anachronistic but is an absolute scream even if country music isn't usually to your taste - just leave any pretensions at the door and you'll have a wild, memorable night. Meanwhile the Dothan DanceClub offers you the chance to join a friendly dance class or flex your vocals during karaoke night.