Location: Dothan, AL | Metro: Dothan, AL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP code 36314, located in Dothan, AL, stands at $860 for the fiscal year 2024. Given the lack of current market rent data, it's imperative to rely on the HUD FMR as a benchmark for rental pricing in this area. Voucher tenants in ZIP 36314 will cashflow at the FMR, meaning landlords can expect to cover all expenses and generate a profit without needing to charge above the FMR.
The median home value in ZIP 36314 is $184,992. To derive the rent-to-price ratio, we compare the HUD FMR of $860 against the median home value. This yields a rent-to-price ratio that suggests renting properties in this area can be more financially viable than buying, especially given the absence of recent market rent data which could potentially exceed the HUD FMR.
With no specific day median Days on Market (DOM) or percentage of homes experiencing price cuts available, we cannot make direct comparisons regarding the speed of sales or typical price reductions. However, the strong cashflow potential derived from the HUD FMR suggests that rental properties are likely to outperform sales in terms of immediate financial returns.
The strongest investor angle in ZIP 36314 is cashflow. Landlords can confidently invest in properties knowing that they will be able to rent them out at the HUD FMR and still achieve positive cashflow, ensuring steady and reliable income from their investments.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.