Decatur, GA Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Decatur, GA Housing Market Trends

With a population of 25,696, 8,841 total housing units (homes and apartments), and a median house value of $621,911, Decatur house prices are not only among the most expensive in Georgia, Decatur real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Decatur, accounting for 53.36% of the city's housing units. Other types of housing that are prevalent in Decatur include large apartment complexes or high rise apartments ( 27.63%), row houses and other attached homes ( 9.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.20%).

People in Decatur primarily live in small (one, two or no bedroom) single-family detached homes. 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. Decatur's housing was primarily built during this period, from the '40s through the '60s. A full 29.18% of the city's housing hails from this era. Other housing ages represented in Decatur include homes built between 2000 and later ( 25.47%) and housing constructed between 1970-1999 ( 25.24%). There's also some housing in Decatur built before 1939 ( 20.12%).

Decatur Home Appreciation Rates

In the last 10 years, Decatur has experienced some of the highest home appreciation rates of any community in the nation. Decatur real estate appreciated 72.72% over the last ten years, which is an average annual home appreciation rate of 5.62%, putting Decatur in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Decatur definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 3.91%, 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 1.92%, which equates to an annual appreciation rate of 7.92%.

Relative to Georgia, our data show that Decatur's latest annual appreciation rate is lower than 80% of the other cities and towns in Georgia.

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:
$621,911

Decatur, GA HOME PRICES

> $1,169,000
4.4%
4.4%
$877,001 - $1,169,000
15.7%
15.7%
$585,001 - $877,000
31.7%
31.7%
$468,001 - $585,000
15.5%
15.5%
$351,001 - $468,000
15.9%
15.9%
$234,001 - $351,000
9.8%
9.8%
$117,001 - $234,000
5.2%
5.2%
$58,001 - $117,000
1.2%
1.2%
$0 - $58,000
0.5%
0.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for GA

Value Relative To Nation

Number Of Homes And Apartments:
8,841

Decatur Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
120.31% 3.79%
10
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,338 / per month

Homeownership Rate

Owners
63.8%
63.8%
Renters
36.2%
36.2%
Vacant
8.1%
8.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
25.5%
25.5%
1970 - 1999
25.2%
25.2%
1940 - 1969
29.2%
29.2%
1939 or Older
20.1%
20.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
53.4%
53.4%
Townhomes
9.7%
9.7%
Small Apt. Buildings
9.2%
9.2%
Apt. Complexes
27.6%
27.6%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.8%
4.8%
1 Bedroom
14.4%
14.4%
2 Bedrooms
27.1%
27.1%
3 Bedrooms
29.2%
29.2%
4 Bedrooms
16.9%
16.9%
5 or more bedrooms
7.7%
7.7%
0.0% 100.0%
% OF HOMES