Decatur, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Decatur Neighborhoods Since 2000




Decatur, TN 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 1,575 people, 620 houses or apartments, and a median cost of homes of $111,405, 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 65.20% of the town's housing units. Other types of housing that are prevalent in Decatur include mobile homes or trailers ( 17.98%), duplexes, homes converted to apartments or other small apartment buildings ( 11.99%), and a few large apartment complexes or high rise apartments ( 4.24%).

The most prevalent building size and type in Decatur are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.15% owning and 39.85% 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 between 1940-1969 ( 28.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.28%). There's also some housing in Decatur built before 1939 ( 2.05%).

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 -0.01% 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 2.61%, 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 1.00%, which equates to an annual appreciation rate of 4.07%.

Relative to Tennessee, our data show that Decatur's latest annual appreciation rate is lower than 60% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$111,405

Decatur, TN HOME PRICES

Value Range
> $1,077,000 0.2
$808,001 - $1,077,000 0.0
$539,001 - $808,000 2.4
$431,001 - $539,000 1.1
$323,001 - $431,000 2.6
$216,001 - $323,000 7.8
$108,001 - $216,000 37.1
$54,001 - $108,000 28.1
$0 - $54,000 20.7

Low for TN
Low for Nation

Value Relative to Nation Value Relative to State
70.5554904488457 61.9897959183673

Number Of Homes And Apartments:
620

Decatur Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
34.05% 1.71% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$751 / per month

Homeownership Rate

Homeownership
Owners 60.15
Renters 39.85
Vacant 9.36

Housing Market Details

 

Age of Homes

AGE OF Decatur HOMES
2000 or Newer 12.3
1970 - 1999 57.5
1940 - 1969 28.2
1939 or Older 2.0

Types of Homes

TYPE OF Decatur HOMES
Single-Family 65.2
Townhomes 0.6
Small Apt. Buildings 12.0
Apt. Complexes 4.2
Mobile Homes 18.0
Other 0.0

Home Size

SIZE OF Decatur HOMES
No Bedroom 1.02
1 Bedroom 5.99
2 Bedrooms 28.65
3 Bedrooms 57.02
4 Bedrooms 6.73
5 or more bedrooms 0.58