Dothan

As of June 2026, Dothan, Panama City Beach, Tallahassee have 418 active Airbnb and VRBO listings. This represents a 8% increase from the previous year.

The average Airbnb or VRBO in Dothan generates $21K per year. High-performing properties earn $39K/year, while low-performing properties earn $8K/year. Supply growth outpaces declining revenues, signaling intensifying competition and market saturation. The 85% earnings gap between high and low performers suggests significant performance variance despite modest occupancy, indicating uneven market positioning among hosts.

Average home prices in Dothan vary by property size: 1-bedroom properties cost approximately $0, 2-bedroom homes average $102K, 3-bedroom properties are around $192K, and 4+ bedroom homes average $315K. These prices reflect median home values across the Dothan, Panama City Beach, Tallahassee area.

Airbnb and VRBO can be profitable in Dothan, with an average gross yield of 13% across all properties. High-performing properties achieve yields up to 24%, which is considered top for short-term rental investment. However, rising supply paired with declining revenue signals intensifying competition, while the substantial gap between average and top performers suggests market outcomes are increasingly differentiated by property positioning.

The average occupancy rate for Airbnbs and VRBOs in Dothan is 35%. This occupancy level, combined with an average nightly rate of $152, results in a RevPAR (revenue per available room) of $40 per day.

2-bedroom properties demonstrate the strongest performance in Dothan, with an average gross yield of 17% and annual revenue of $18K. These properties balance purchase price ($102K), operating costs, and rental demand most effectively in the Dothan market.

Short-term rental regulations vary by jurisdiction in the Dothan area. Dothan: Lenient. Business license required, basic zoning compliance. Minimal enforcement, hosts operate freely. Panama City Beach: Moderate. Business tax receipt and tourist development tax required. Zoning restrictions in some areas. Moderate enforcement during peak season. Tallahassee: Moderate. Business tax receipt and state registration required. Some neighborhood zoning limits. Moderate enforcement with complaint-driven action. Always verify current regulations with local authorities and obtain necessary permits before operating a short-term rental.

The Dothan Airbnb and VRBO market is currently showing balanced conditions. Supply has grown 8% year-over-year, while RevPAR has decreased 24%. This indicates balanced supply-demand dynamics. The substantial gap between average revenue ($21,129) and high-performing properties ($38,837) suggests significant performance variance, reflecting competitive differentiation in a market where modest occupancy at 35% leaves room for demand absorption.

Launch around December, 2-3 months before peak fall season (March peaks). This pre-peak timing lets you build reviews when competition is 78% lower than peak months. Avoid launching during peak season when established listings dominate, or slow months (December-January) when gaining traction is harder.

The most common amenities in Dothan listings include: Air Conditioning (100%), Kitchen (95%), Tv (91%), Washing Machine (90%), Heating (78%). Amenities that boost revenue the most include Lake Access, Pets Allowed, Washing Machine, with Lake Access properties earning approximately 35% more ($39K/year vs $29K/year).

Monthly estimated revenue per listing in Dothan over the last 12 months: May: $1K, June: $1K, July: $1K, August: $1K, September: $1K, October: $1K, November: $1K, December: $1K, January: $882, February: $890, March: $1K, April: $1K. These figures are based on RevPAR (revenue per available room) multiplied by the number of days in each month.

The overall average nightly rate in Dothan is $152, up 19% year-over-year. By property size: 1-bedroom properties average $111/night, 2-bedroom properties average $130/night, 3-bedroom properties average $181/night, 4+ bedroom properties average $225/night. Rates peak in April and are lowest in May.

Guests in Dothan book an average of 23 days in advance, down 14% from last year. By property size: 1-bedroom: 21 days, 2-bedroom: 22 days, 3-bedroom: 24 days, 4+ bedroom: 29 days. Larger properties tend to have longer booking windows as guests plan group trips further ahead.

Over the past year, the Dothan Airbnb and VRBO market has seen the following changes: supply grew 8%, revenue per listing decreased 24%, occupancy fell 20%, average nightly rates increased 19%, and lead time decreased 14%. The combination of rising supply, falling occupancy, and compressed lead times signals intensifying competition outpacing demand growth. The substantial gap between average revenue ($21,129) and top performer revenue ($38,837) indicates significant performance stratification in the market.

In Dothan, Friday sees the highest booking demand while Monday has the lowest. Nightly rates peak on Saturday and are lowest on Tuesday. Weekends show 30% higher occupancy than weekdays.