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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 54,264 people, 22,081 houses or apartments, and a median cost of homes of $148,418, 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'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 0.48%, which is lower than 80% of US communities.
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 3.76%, 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 2.08%, which equates to an annual appreciation rate of 8.58%.
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 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.
|$840,001 - $1,121,000||0.1|
|$560,001 - $840,000||0.9|
|$448,001 - $560,000||1.3|
|$336,001 - $448,000||4.1|
|$224,001 - $336,000||12.0|
|$112,001 - $224,000||36.4|
|$56,001 - $112,000||36.4|
|$0 - $56,000||8.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
2000 Q1 - 2019 Q4
|* 10 is highest|
|AGE OF Decatur HOMES|
|2000 or Newer||10.2|
|1970 - 1999||53.6|
|1940 - 1969||31.6|
|1939 or Older||4.6|
|TYPE OF Decatur HOMES|
|Small Apt. Buildings||8.2|
|SIZE OF Decatur HOMES|
|5 or more bedrooms||2.62|