The housing market in Decatur, IL is significantly lower than the US House median value. The median value of houses in Decatur is $83,400 while the US House median value is $338,100. Despite this difference, Decatur has seen an increase in its appreciation rate over the past year with an increase of 10.25%, which is higher than the US House 1 year appreciation rate of 8.27%. This suggests a positive outlook on the Decatur housing market and could lead to increased value for those looking to invest in real estate here.
The median home cost in Decatur is $83,400. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Decatur is up 11.6%.
Average Age of Homes
- The median age of Decatur real estate is 59 years old
The Rental Market in Decatur
- Renters make up 33.6% of the Decatur population
- 3.9% 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.