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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 7,206, 2,416 total housing units (homes and apartments), and a median house value of $329,610, Decatur real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Decatur, accounting for 74.59% of the city's housing units. Other types of housing that are prevalent in Decatur include large apartment complexes or high rise apartments ( 8.78%), mobile homes or trailers ( 6.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.38%).
The most prevalent building size and type in Decatur are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.09% owning and 37.91% 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 2000 and later ( 24.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.29%). There's also some housing in Decatur built before 1939 ( 5.80%).
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 115.42%, which ranks in the top 30% nationwide. This equates to an annual average Decatur house appreciation rate of 7.98%.
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 4.56%, 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 0.00%, which equates to an annual appreciation rate of 0.10%.
Relative to Texas, our data show that Decatur's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.
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.
$329,610
for Texas
for nation
2,416
$1,641 / per month