Decatur, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Decatur, TX 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 a population of 6,521, 2,140 total housing units (homes and apartments), and a median house value of $173,285, Decatur real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Decatur, accounting for 76.97% of the city's housing units. Other types of housing that are prevalent in Decatur include large apartment complexes or high rise apartments ( 11.52%), row houses and other attached homes ( 4.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.11%).

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 56.87% owning and 43.13% 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 ( 30.27%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.34%). There's also some housing in Decatur built before 1939 ( 8.48%).

Decatur Home Appreciation Rates

In the last 10 years, Decatur has experienced some of the highest home appreciation rates of any community in the nation. Decatur real estate appreciated 37.93% over the last ten years, which is an average annual home appreciation rate of 3.27%, putting Decatur in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Decatur definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 7.71%, which is higher than appreciation rates in 85.31% 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 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Decatur one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Decatur's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$173,285

Decatur, TX HOME PRICES

Value Range
> $1,224,000 0.1
$918,001 - $1,224,000 0.0
$612,001 - $918,000 0.3
$490,001 - $612,000 3.0
$367,001 - $490,000 4.3
$245,001 - $367,000 13.0
$122,001 - $245,000 49.5
$61,001 - $122,000 22.9
$0 - $61,000 6.9

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
40.5074416969413 24.0272373540856

Number Of Homes And Apartments:
2,140

Decatur Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
72.24% 3.20% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,234 / per month

Homeownership Rate

Homeownership
Owners 56.87
Renters 43.13
Vacant 8.39

Housing Market Details

 

Age of Homes

AGE OF Decatur HOMES
2000 or Newer 17.3
1970 - 1999 43.9
1940 - 1969 30.3
1939 or Older 8.5

Types of Homes

TYPE OF Decatur HOMES
Single-Family 77.0
Townhomes 4.3
Small Apt. Buildings 4.1
Apt. Complexes 11.5
Mobile Homes 2.8
Other 0.3

Home Size

SIZE OF Decatur HOMES
No Bedroom 0.00
1 Bedroom 8.52
2 Bedrooms 27.65
3 Bedrooms 49.53
4 Bedrooms 11.64
5 or more bedrooms 2.65

Popular Neighborhoods in Decatur

Zip Codes in Decatur, TX