Decatur, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Decatur Neighborhoods Since 2000




Decatur, IN 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 9,465 people, 3,917 houses or apartments, and a median cost of homes of $113,977, 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 75.09% of the city's housing units. Other types of housing that are prevalent in Decatur include large apartment complexes or high rise apartments ( 13.86%), duplexes, homes converted to apartments or other small apartment buildings ( 7.28%), and a few row houses and other attached homes ( 3.77%).

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 67.47% of Decatur's homes, and 50.34% have either three or four bedrooms, which is average sized relative to America.

The housing in Decatur was primarily built before 1939 ( 33.01%), making the housing stock in Decatur some of the oldest overall in America, although there is a range of ages of homes in Decatur. The next most important housing age is between 1970-1999 ( 29.57%), followed by between 1940-1969 ( 29.45%). There's also some housing in Decatur built between 2000 and later ( 7.96%).

Decatur Home Appreciation Rates

Appreciation rates for homes in Decatur have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.18%, which ranks in the top 50% nationwide. This equates to an annual average Decatur house appreciation rate of 0.12%.

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 5.79%, which is higher than appreciation rates in 72.26% 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 -1.14%, which equates to an annual appreciation rate of -4.49%.

Notably, Decatur's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$113,977

Decatur, IN HOME PRICES

Value Range
> $1,092,000 0.2
$819,001 - $1,092,000 0.0
$546,001 - $819,000 0.5
$437,001 - $546,000 0.2
$328,001 - $437,000 1.9
$218,001 - $328,000 7.9
$109,001 - $218,000 37.7
$55,001 - $109,000 45.3
$0 - $55,000 6.3

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
68.9499589827728 60.1809954751131

Number Of Homes And Apartments:
3,917

Decatur Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
9.66% 0.54% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$641 / per month

Homeownership Rate

Homeownership
Owners 67.47
Renters 32.53
Vacant 8.29

Housing Market Details

 

Age of Homes

AGE OF Decatur HOMES
2000 or Newer 8.0
1970 - 1999 29.6
1940 - 1969 29.5
1939 or Older 33.0

Types of Homes

TYPE OF Decatur HOMES
Single-Family 75.1
Townhomes 3.8
Small Apt. Buildings 7.3
Apt. Complexes 13.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Decatur HOMES
No Bedroom 0.26
1 Bedroom 6.37
2 Bedrooms 40.60
3 Bedrooms 34.28
4 Bedrooms 16.06
5 or more bedrooms 2.44