The housing market in Decatur, MI is vibrant and growing. The median value of a house in Decatur is $160,700, which is significantly less than the US median value of $338,100. This makes for an attractive market for potential homeowners looking to save money. Furthermore, the 1 year appreciation rate for the housing market in Decatur has been 10.54%, much higher than the national average of 8.27%. This indicates that there is strong growth potential within Decatur's housing market and it would be an excellent investment opportunity for those looking to buy or sell a home.
The median home cost in Decatur is $160,700. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Decatur is up 14.9%.
Average Age of Homes
- The median age of Decatur real estate is 63 years old
The Rental Market in Decatur
- Renters make up 28.8% of the Decatur population
- 5.9% 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.