Decatur appreciation rates and housing market information

Decatur housing market information

With a population of 18,205, 8,513 total housing units (homes and apartments), and a median house value of $341,733, Decatur house prices are not only among the most expensive in Georgia, Decatur real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Decatur, accounting for 56.31% of the city's housing units. Other types of housing that are prevalent in Decatur include large apartment complexes or high rise apartments (20.91%), duplexes, homes converted to apartments, or other small apartment buildings (15.60%), and a few row houses and other attached homes (7.08%).

People in Decatur primarily live in small (one, two, or no bedroom) single-family detached homes. Decatur has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Decatur's housing was primarily built during this period, from the '40s through the '60s. A full 44.71% of the city's housing hails from this era. Other housing ages represented in Decatur include homes built between 1939 and earlier (28.22%), and housing constructed from 1970-1994 (24.70%). There's also some housing in Decatur built between 1995 and later (2.37%).

Decatur home appreciation rates

In the last 10 years, Decatur has experienced some of the highest home appreciation rates of any community in the nation. Decatur real estate appreciated 134.78% over the last ten years, which is an average annual home appreciation rate of 13.47%, putting Decatur in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Decatur definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Decatur that despite a nationwide downturn in the housing market, Decatur real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Decatur appreciation rates continue to be some of the highest in America, at 7.13%, which is higher than appreciation rates in 96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Decatur. Decatur appreciation rates in the latest quarter were at 3.96%, which equates to an annual appreciation rate of 15.84%.

Importantly, this makes Decatur one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Georgia, our data show that Decatur's latest annual appreciation rate is higher than 95% of the other cities and towns in Georgia.

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.