Decatur, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Decatur Neighborhoods Since 2000




Decatur, MI 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 1,767 people, 706 houses or apartments, and a median cost of homes of $133,576, 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 77.46% of the village's housing units. Other types of housing that are prevalent in Decatur include large apartment complexes or high rise apartments ( 13.55%), duplexes, homes converted to apartments or other small apartment buildings ( 7.27%), and a few mobile homes or trailers ( 1.72%).

The most prevalent building size and type in Decatur are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 62.07% owning and 37.93% 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 before 1939 ( 32.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 29.93%). There's also some housing in Decatur built between 2000 and later ( 2.34%).

Vacant housing appears to be an issue in Decatur. Fully 13.05% of the housing stock is classified as vacant. Left unchecked, vacant Decatur homes and apartments can be a drag on the real estate market, holding Decatur real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 -0.48% during the period.

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 -1.36%, 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 0.23%, which equates to an annual appreciation rate of 0.92%.

Relative to Michigan, our data show that Decatur's latest annual appreciation rate is lower than 90% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$133,576

Decatur, MI HOME PRICES

Value Range
> $1,061,000 0.0
$796,001 - $1,061,000 0.3
$531,001 - $796,000 0.3
$425,001 - $531,000 2.2
$318,001 - $425,000 4.6
$212,001 - $318,000 16.5
$106,001 - $212,000 28.9
$53,001 - $106,000 31.2
$0 - $53,000 15.9

Average for MI
Average for Nation

Value Relative to Nation Value Relative to State
57.9397632720028 47.1153846153846

Number Of Homes And Apartments:
706

Decatur Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
9.10% 0.51% 6 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$914 / per month

Homeownership Rate

Homeownership
Owners 62.07
Renters 37.93
Vacant 13.05

Housing Market Details

 

Age of Homes

AGE OF Decatur HOMES
2000 or Newer 2.3
1970 - 1999 34.9
1940 - 1969 29.9
1939 or Older 32.9

Types of Homes

TYPE OF Decatur HOMES
Single-Family 77.5
Townhomes 0.0
Small Apt. Buildings 7.3
Apt. Complexes 13.5
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Decatur HOMES
No Bedroom 0.00
1 Bedroom 5.05
2 Bedrooms 29.43
3 Bedrooms 44.83
4 Bedrooms 13.30
5 or more bedrooms 7.39