Decatur, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Decatur Neighborhoods Since 2000




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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Decatur Housing Market Information

With 55,345 people, 22,294 houses or apartments, and a median cost of homes of $129,317, 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 67.29% of the city's housing units. Other types of housing that are prevalent in Decatur include large apartment complexes or high rise apartments ( 17.86%), duplexes, homes converted to apartments or other small apartment buildings ( 8.71%), and a few row houses and other attached homes ( 5.17%).

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 59.85% owning and 40.15% 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 ( 31.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.62%). There's also some housing in Decatur built before 1939 ( 4.94%).

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 -0.33% during the period.

NeighborhoodScout's data show that during the latest twelve months, Decatur's appreciation rate, at 3.49%, has been at or slightly above the national average. In the latest quarter, Decatur's appreciation rate has been 2.14%, which annualizes to a rate of 8.84%.

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 Alabama, our data show that Decatur's latest annual appreciation rate is higher than 60% 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:
$129,317

Decatur, AL HOME PRICES

Value Range
> $1,020,000 0.2
$765,001 - $1,020,000 0.1
$510,001 - $765,000 0.7
$408,001 - $510,000 1.2
$306,001 - $408,000 3.6
$204,001 - $306,000 12.7
$102,001 - $204,000 35.7
$51,001 - $102,000 34.9
$0 - $51,000 11.0

High for AL
Low for Nation

Value Relative to Nation Value Relative to State
60.233798195242 29.25

Number Of Homes And Apartments:
22,294

Decatur Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
15.09% 0.82% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$781 / per month

Homeownership Rate

Homeownership
Owners 59.85
Renters 40.15
Vacant 9.85

Housing Market Details

 

Age of Homes

AGE OF Decatur HOMES
2000 or Newer 9.6
1970 - 1999 53.9
1940 - 1969 31.6
1939 or Older 4.9

Types of Homes

TYPE OF Decatur HOMES
Single-Family 67.3
Townhomes 5.2
Small Apt. Buildings 8.7
Apt. Complexes 17.9
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Decatur HOMES
No Bedroom 1.27
1 Bedroom 9.47
2 Bedrooms 28.32
3 Bedrooms 43.95
4 Bedrooms 14.82
5 or more bedrooms 2.18