North Decatur appreciation rates and housing market information

North Decatur housing market information

With 15,156 people, 8,369 houses or apartments, and a median cost of homes of $300,169, North Decatur real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in North Decatur, accounting for 49.23% of the town's housing units. Other types of housing that are prevalent in North Decatur include large apartment complexes or high rise apartments (40.33%), row houses and other attached homes (5.19%), and a few duplexes, homes converted to apartments, or other small apartment buildings (5.09%).

People in North Decatur primarily live in small (one, two, or no bedroom) single-family detached homes. North 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. North Decatur's housing was primarily built during this period, from the '40s through the '60s. A full 55.34% of the town's housing hails from this era. Other housing ages represented in North Decatur include homes built between 1970-1994 (40.26%), and housing constructed from 1995 and later (3.12%). There's also some housing in North Decatur built between 1939 and earlier (1.28%).

North Decatur home appreciation rates

Appreciation rates for homes in North Decatur have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.29%, which ranks in the top 30% nationwide. This equates to an annual average North Decatur house appreciation rate of 9.12%.

Appreciation rates are so strong in North Decatur that despite a nationwide downturn in the housing market, North Decatur real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Decatur appreciation rates continue to be some of the highest in America, at 2.78%, which is higher than appreciation rates in 73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Decatur. North Decatur appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.48%.

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

Relative to Georgia, our data show that North Decatur's latest annual appreciation rate is higher than 76% of the other cities and towns in Georgia.