Decatur AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Decatur, AL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Decatur Housing Market Information

With a population of 54,264, 22,081 total housing units (homes and apartments), and a median house value of $158,845, 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 68.21% of the city's housing units. Other types of housing that are prevalent in Decatur include large apartment complexes or high rise apartments ( 17.54%), duplexes, homes converted to apartments or other small apartment buildings ( 8.18%), and a few row houses and other attached homes ( 4.21%).

The most prevalent building size and type in Decatur are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.50% owning and 38.50% renting.

There is a lot of housing in Decatur built from 1970 to 1999 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 between 1940-1969 ( 31.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.17%). There's also some housing in Decatur built before 1939 ( 4.57%).

Vacant housing appears to be an issue in Decatur. Fully 11.28% of the housing stock is classified as vacant. Left unchecked, vacant Decatur homes and apartments can be a drag on the real estate market, holding Decatur real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Decatur Home Appreciation Rates

Decatur's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Decatur during the period has been just 1.14%, which is lower than 80% of US communities.

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 8.53%, which is higher than appreciation rates in 96.15% 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 1.04%, which equates to an annual appreciation rate of 4.21%.

Relative to Alabama, our data show that Decatur's latest annual appreciation rate is higher than 90% 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 2000, to assist you in making the best Decatur real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$158,845

Decatur, AL HOME PRICES

Value Range
> $1,176,000 0.0
$882,001 - $1,176,000 0.1
$588,001 - $882,000 0.9
$471,001 - $588,000 1.3
$353,001 - $471,000 4.1
$235,001 - $353,000 12.0
$118,001 - $235,000 36.4
$59,001 - $118,000 36.4
$0 - $59,000 8.6

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
57.1912408759124 25.4364089775561

Number Of Homes And Apartments:
22,081

Decatur Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
34.55% 1.46%
2
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$883 / per month

Homeownership Rate

Homeownership
Owners 61.50
Renters 38.50
Vacant 11.28

Housing Market Details

 

Age of Homes

AGE OF Decatur HOMES
2000 or Newer 10.2
1970 - 1999 53.6
1940 - 1969 31.6
1939 or Older 4.6

Types of Homes

TYPE OF Decatur HOMES
Single-Family 68.2
Townhomes 4.2
Small Apt. Buildings 8.2
Apt. Complexes 17.5
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Decatur HOMES
No Bedroom 3.43
1 Bedroom 8.55
2 Bedrooms 25.82
3 Bedrooms 45.91
4 Bedrooms 13.68
5 or more bedrooms 2.62