Decatur, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Decatur Neighborhoods Since 2000




Decatur, GA 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 a population of 21,957, 7,935 total housing units (homes and apartments), and a median house value of $452,012, 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 52.87% of the city's housing units. Other types of housing that are prevalent in Decatur include large apartment complexes or high rise apartments ( 26.61%), duplexes, homes converted to apartments or other small apartment buildings ( 10.47%), and a few row houses and other attached homes ( 9.22%).

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 36.52% of the city's housing hails from this era. Other housing ages represented in Decatur include homes built between 1970-1999 ( 25.69%) and housing constructed before 1939 ( 21.38%). There's also some housing in Decatur built between 2000 and later ( 16.40%).

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 34.98% over the last ten years, which is an average annual home appreciation rate of 3.04%, putting Decatur in the top 10% 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.

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 7.47%, which is higher than appreciation rates in 83.92% 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 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Decatur's latest annual appreciation rate is higher 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:
$452,012

Decatur, GA HOME PRICES

Value Range
> $1,270,000 0.3
$952,001 - $1,270,000 6.6
$635,001 - $952,000 18.6
$508,001 - $635,000 15.3
$381,001 - $508,000 23.3
$254,001 - $381,000 22.5
$127,001 - $254,000 10.3
$63,001 - $127,000 2.3
$0 - $63,000 0.7

Very High for GA
Very High for Nation

Value Relative to Nation Value Relative to State
7.33036446736201 1.05708245243129

Number Of Homes And Apartments:
7,935

Decatur Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
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
80.18% 3.47% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,206 / per month

Homeownership Rate

Homeownership
Owners 61.36
Renters 38.64
Vacant 7.58

Housing Market Details

 

Age of Homes

AGE OF Decatur HOMES
2000 or Newer 16.4
1970 - 1999 25.7
1940 - 1969 36.5
1939 or Older 21.4

Types of Homes

TYPE OF Decatur HOMES
Single-Family 52.9
Townhomes 9.2
Small Apt. Buildings 10.5
Apt. Complexes 26.6
Mobile Homes 0.5
Other 0.3

Home Size

SIZE OF Decatur HOMES
No Bedroom 3.24
1 Bedroom 16.50
2 Bedrooms 28.40
3 Bedrooms 31.19
4 Bedrooms 15.21
5 or more bedrooms 5.46