Hurricane Michael Spikes Demand for Wiregrass Rental Property

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DOTHAN, Ala. (WTVY) -- Searching for a place to call home can be exciting, but stressful. For some in Dothan, they are learning that there are not a lot of rental options.

Real estate professionals tell say the market is tight. What's available this week, probably won't be there next week.

"After the storm, [Hurricane Michael] the whole market changed," said Anna Corbin, Property Manager at James Bowman Realty.

Corbin says most houses for rent fill up fast.

"At this time last year we had maybe eight to ten houses available and now we can maybe keep one and it's gone the next week," said Corbin.

But since Hurricane Michael - "There’s been a slight increase of rent for single-family just because of availability," said Richard Talley, a real estate broker at Talley Realty.

Talley says Fall would be the prime renting time "... but right now I wouldn't say that at all, because we have a lot people displaced during the hurricane, so therefore a lot of those properties will become available in November, but a lot of those didn't move in until January because they were waiting to see if they could go back," said Talley.

So if you're hoping to open a new door... "If you can find something you like, you need to take it," said Talley.

"If they are looking now, they either need to put down a deposit that day or it's going to be gone, that's the main struggle,” said Corbin.

And realtors tell WTVY, most families in Dothan are looking to spend between $750 to $1,200 a month.



 
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