Decatur, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Decatur, AL Real Estate Data


Decatur Housing Market Information

With 55,345 people, 22,006 houses or apartments, and a median cost of homes of $124,798, 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 67.78% of the city's housing units. Other types of housing that are prevalent in Decatur include large apartment complexes or high rise apartments ( 16.89%), duplexes, homes converted to apartments or other small apartment buildings ( 8.75%), and a few row houses and other attached homes ( 5.24%).

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 60.46% owning and 39.54% 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 ( 30.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.69%). There's also some housing in Decatur built before 1939 ( 6.01%).

Vacant housing appears to be an issue in Decatur. Fully 10.73% 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

Real estate appreciation rates in Decatur's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.22% during the period.

Over the last year, Decatur appreciation rates have trailed the rest of the nation. In the last twelve months, Decatur's appreciation rate has been 0.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Decatur were at -0.22%, which equates to an annual appreciation rate of -0.86%.

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 lower 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:
$124,798

Decatur, AL HOME PRICES

Value Range
> $1,009,000 0.3
$757,001 - $1,009,000 0.1
$505,001 - $757,000 0.8
$404,001 - $505,000 1.0
$303,001 - $404,000 3.6
$202,001 - $303,000 13.2
$101,001 - $202,000 34.3
$50,001 - $101,000 34.8
$0 - $50,000 11.8

High for AL
Low for Nation

Value Relative to Nation Value Relative to State
63.7465597001815 33.0

Number Of Homes And Apartments:
22,006

Rent & Ownership

 

Average Market Rent:
$919 / per month

Homeownership Rate

Homeownership
Owners 60.46
Renters 39.54
Vacant 10.73

Housing Market Details

 

Age of Homes

AGE OF Decatur HOMES
2000 or Newer 8.7
1970 - 1999 54.7
1940 - 1969 30.6
1939 or Older 6.0

Types of Homes

TYPE OF Decatur HOMES
Single-Family 67.8
Townhomes 5.2
Small Apt. Buildings 8.7
Apt. Complexes 16.9
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Decatur HOMES
No Bedroom 0.89
1 Bedroom 10.09
2 Bedrooms 27.17
3 Bedrooms 44.83
4 Bedrooms 14.75
5 or more bedrooms 2.26

Decatur Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
13.54% 0.75% 2 1
* 10 is highest