Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 24,338, 9,053 total housing units (homes and apartments), and a median house value of $872,552, Decatur house prices are not only among the most expensive in Georgia, Decatur real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Decatur, accounting for 48.70% of the city's housing units. Other types of housing that are prevalent in Decatur include large apartment complexes or high rise apartments ( 34.43%), row houses and other attached homes ( 8.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.28%).
People in Decatur primarily live in small (one, two or no bedroom) single-family detached homes. Decatur has a mixture of owner-occupied and renter-occupied housing.
Decatur homes and real estate are some of the newest in America. 34.19% of Decatur's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Decatur real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 26.64%), and before 1939 ( 23.00%). There's also some housing in Decatur built between 1970-1999 ( 16.17%).
Vacant housing appears to be an issue in Decatur. Fully 11.01% of the housing stock is classified as vacant. Left unchecked, vacant Decatur homes and apartments can be a drag on the real estate market, holding Decatur real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Decatur's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.32% during the period.
NeighborhoodScout's data show that during the latest twelve months, Decatur's appreciation rate, at 5.53%, has been at or slightly above the national average. In the latest quarter, Decatur's appreciation rate has been 2.20%, which annualizes to a rate of 9.09%.
Relative to Georgia, our data show that Decatur's latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Decatur differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Decatur - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Decatur real estate investment or home purchase decisions.
$872,552
for Georgia
for nation
9,053
$2,998 / per month