Decatur appreciation rates and housing market information

Decatur housing market information

With 53,953 people, 24,002 houses or apartments, and a median cost of homes of $136,740, house prices in Decatur are solidly below the national average.

single-family detached homes are the single most common housing type in Decatur, accounting for 66.31% of the city's housing units. Other types of housing that are prevalent in Decatur include large apartment complexes or high rise apartments (16.26%), duplexes, homes converted to apartments, or other small apartment buildings (9.96%), row houses and other attached homes (6.05%), and a few mobile homes or trailers (1.30%).

The most prevalent building size and type in Decatur are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 58.28% owning, and 32.74% renting.

There is a lot of housing in Decatur built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Decatur built from 1940-1969 (35.56%). A lesser amount of the housing stock also hails from 1995 and later (8.79%), and some were built from 1939 and earlier (8.79%).

Decatur home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Decatur, where house values have increased just 37.80%, which is an average annual increase of 3.78%. NeighborhoodScout's data show that in the latest quarter, Decatur house values appreciated -3.10%, which is an annualized rate of -12.40%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Decatur home appreciation rates, at -0.29%, have been at or slightly above the national average. In the latest quarter, Decatur's appreciation rate has been -3.10%, which annualizes to a rate of -12.40%.

Notably, Decatur's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Decatur's latest annual appreciation rate is higher than 14% of the other cities and towns in Alabama.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Decatur differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Decatur - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Decatur real estate investment or home purchase decisions.