Housing Report for Dothan

Looking across the State of Alabama, Dothan ranks 7 of the 11 metro areas by percent in growth of new residential structures. The metropolitan area places 276 of 361, in terms of residential real estate percentage change compared to other United States metro areas.

Dothan had a median home value in the year 2005 of $87,500, published by the American Community Survey. This value is less than the Alabama 2005 median home value of $97,500 and less than median home value of $167,500 across the nation during that year.

In Dothan, the census reported 62,881 housing structures in 2005. The metro area has seen a medium level of growth in the number housing units, adding a sum of 1,851 homes since 2001, or 3 percent.

Dothan may be described as having a medium proportion of residential real estate that is high priced. During the year 2005, the American Community Survey reports that 1.3 percent of the homes were valued over $500,000.

According to the data, there is a large amount affordable residential real estate in Dothan, Alabama. In 2005, 68.9 percent of residential real estate was valued under $125,000.



Data Source: U.S. Census Bureau

Employment Report for Dothan, Alabama -- Annual 2005 Industry Summary

Manufacturing has the largest businesses in Dothan MSA. In the region, the industry averages 43 employees per business. This is greater than the industry's national average of 39 and less than the State of Alabama average establishment size of 52 for the Manufacturing industry.

In Dothan, Retail Trade, Manufacturing, and the Construction industries have the largest percent of jobs of all industries. The Retail Trade is the largest employment industry and makes up 18.4 percent of all the jobs in the Metropolitain Area. This makes up 8,999 employees. The Manufacturing and Construction industries make up 16.7 and 6.4 percent of the total jobs, respectively.

In Dothan, Retail Trade, Manufacturing and Transportation and Warehousing industries, in terms of United States location quotient, are the most dominant in the region. The Retail Trade sector has a United State LQ of 1.34. In other words, the percent of total jobs in the Retail Trade sector is 1.34 times greater than the US average, showing signs that Dothan produces more than its local requirement of products and/or services of Retail Trade.

Real estate and rental and leasing saw the biggest increase in jobs since the year 2001 in Dothan, increasing by 63.2 percent. This is greater than the rate of industry employment change in the United States of 4.3 percent. The State of Alabama went through a industry job change of 2.7 percent, in the period of time since 2001.

A well-paying sector in Dothan is the real estate and rental and leasing sector with an annual pay of $42,753. Locally, since the year 2001, the industry annual average wages have grown by 126.7 percent or $23,897. The State of Alabama holds a different economic condition in the real estate and rental and leasing industry, falling in the middle of sectors by 2004 industry pay.

The Wholesale trade industry decreased the most in percent of total employment in the Dothan MSA, since the year 2001, moving from making up 6.2 percent of total employment for the year 2001 to 0 percent in the year 2005.





Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).