Decatur, AL is a great place to live with a median housing value that is well below the national average. The U.S. median house value stands at $338,100 compared to Decatur’s $187,800. This makes homeownership more affordable for Decatur residents than in other areas of the country. Furthermore, Decatur has experienced an impressive 1 year house appreciation rate of 15.32%, which is higher than the U.S. average of 8.27%. This indicates that investing in real estate within this area is a worthwhile endeavor for potential buyers and sellers alike.
The median home cost in Decatur is $187,800. Home appreciation the last 10 years has been 74.6%. Home Appreciation in Decatur is up 19.8%.
Average Age of Homes
- The median age of Decatur real estate is 41 years old
The Rental Market in Decatur
- Renters make up 34.3% of the Decatur population
- 1.9% of houses and apartments in Decatur, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.