Decatur, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Decatur, IN Real Estate Data


Decatur Housing Market Information

With 9,465 people, 4,020 houses or apartments, and a median cost of homes of $117,256, 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 72.33% of the city's housing units. Other types of housing that are prevalent in Decatur include large apartment complexes or high rise apartments ( 16.33%), duplexes, homes converted to apartments or other small apartment buildings ( 6.98%), and a few row houses and other attached homes ( 4.37%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Decatur. Owner-occupied housing accounts for 67.52% of Decatur's homes, and 50.98% have either three or four bedrooms, which is average sized relative to America.

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 before 1939 ( 28.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.79%). There's also some housing in Decatur built between 2000 and later ( 9.14%).

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 0.16% during the period.

NeighborhoodScout's data show that during the latest twelve months, Decatur's appreciation rate, at 5.67%, has been at or slightly above the national average. In the latest quarter, Decatur's appreciation rate has been 2.34%, which annualizes to a rate of 9.71%.

Relative to Indiana, our data show that Decatur's latest annual appreciation rate is lower than 50% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$117,256

Decatur, IN HOME PRICES

Value Range
> $1,093,000 0.6
$820,001 - $1,093,000 0.0
$546,001 - $820,000 0.6
$437,001 - $546,000 0.1
$328,001 - $437,000 1.7
$219,001 - $328,000 8.1
$109,001 - $219,000 41.7
$55,001 - $109,000 42.1
$0 - $55,000 5.1

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
67.9393336066054 60.1809954751131

Number Of Homes And Apartments:
4,020

Rent & Ownership

 

Average Market Rent:
$620 / per month

Homeownership Rate

Homeownership
Owners 67.52
Renters 32.48
Vacant 8.59

Housing Market Details

 

Age of Homes

AGE OF Decatur HOMES
2000 or Newer 9.1
1970 - 1999 34.8
1940 - 1969 27.8
1939 or Older 28.3

Types of Homes

TYPE OF Decatur HOMES
Single-Family 72.3
Townhomes 4.4
Small Apt. Buildings 7.0
Apt. Complexes 16.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Decatur HOMES
No Bedroom 0.00
1 Bedroom 8.62
2 Bedrooms 36.99
3 Bedrooms 34.95
4 Bedrooms 16.03
5 or more bedrooms 3.41

Decatur Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
10.98% 0.61% 2 1
* 10 is highest