The housing market in Decatur, AL Metro Area is performing well compared to the national average. The median house value for the area is $195,600, which is lower than the US median of $338,100. However, the area has seen a larger appreciation in house prices over the past year with a 13.72% rise as compared to the 8.27% increase nationally. This higher rate of appreciation indicates that Decatur's housing market is strong and growing.
The median home cost in Decatur Metro Area is $195,600. Home appreciation the last 10 years has been 75.0%. Home Appreciation in Decatur Metro Area is up 20.0%.
Average Age of Homes
- The median age of Decatur Metro Area real estate is 36 years old
The Rental Market in Decatur Metro Area
- Renters make up 23.7% of the Decatur Metro Area population
- 1.2% of houses and apartments in Decatur Metro Area, 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.