Zip 49045 (Decatur, MI) Housing

The housing market in Decatur, MI (49045) is doing better than the national average. Median value of houses in this area is $162,900, which is lower than the nation's median value of $338,100. However, the one-year house appreciation rate experienced in Decatur is higher than the national average at 10.54%, while US homes only increased 8.27% over the same period. This indicates that Decatur housing market is improving and it may be a good time to buy a house here.

The median home cost in Decatur (zip 49045) is $162,900. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Decatur (zip 49045) is up 14.9%.

Average Age of Homes

- The median age of Decatur (zip 49045) real estate is 50 years old

The Rental Market in Decatur (zip 49045)

- Renters make up 17.2% of the Decatur (zip 49045) population
- 1.8% of houses and apartments in Decatur (zip 49045), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Decatur, Michigan	United States
	3,046.0	139,647,020.0
	55	42
	$162,900	$338,100
	14.9%	16.6%
	56.2%	57.0%
	90.4%	101.1%
	$14.52	$10.98
	$2,088	$2,690
	64.8%	57.4%
	20.9%	11.2%
	14.3%	31.4%
Vacant Housing
	1.8%	1.9%
	0.2%	0.4%
	1.3%	0.7%
	0.3%	0.4%
	12.2%	3.6%
	5.0%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	1.6%	2.4%
	5.9%	2.8%
	9.4%	3.9%
	10.7%	4.5%
	21.3%	11.3%
	21.8%	13.0%
	12.1%	20.1%
	9.9%	13.6%
	2.6%	8.3%
	1.4%	9.7%
	0.4%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.7%	13.6%
	7.7%	13.6%
	14.3%	13.6%
	9.2%	13.2%
	14.4%	14.8%
	14.3%	13.6%
	9.3%	10.0%
	6.1%	4.7%
	29.5%	12.2%

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