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 822 people, 274 houses or apartments, and a median cost of homes of $218,173, house prices in Decaturville are solidly below the national average.
Single-family detached homes are the single most common housing type in Decaturville, accounting for 78.34% of the town's housing units. Other types of housing that are prevalent in Decaturville include mobile homes or trailers ( 10.43%), duplexes, homes converted to apartments or other small apartment buildings ( 9.63%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Decaturville. Owner-occupied housing accounts for 67.29% of Decaturville's homes, and 56.42% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Decaturville's housing was primarily built during this period, from the '40s through the '60s. A full 45.45% of the town's housing hails from this era. Other housing ages represented in Decaturville include homes built between 1970-1999 ( 44.92%) and housing constructed between 2000 and later ( 6.15%). There's also some housing in Decaturville built before 1939 ( 3.48%).
Vacant housing appears to be an issue in Decaturville. Fully 26.74% of the housing stock is classified as vacant. Left unchecked, vacant Decaturville homes and apartments can be a drag on the real estate market, holding Decaturville 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.
In the last 10 years, Decaturville has experienced some of the highest home appreciation rates of any community in the nation. Decaturville real estate appreciated 152.80% over the last ten years, which is an average annual home appreciation rate of 9.72%, putting Decaturville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Decaturville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Decaturville's appreciation rate, at 6.11%, has been at or slightly above the national average. In the latest quarter, Decaturville's appreciation rate has been 2.75%, which annualizes to a rate of 11.45%.
Relative to Tennessee, our data show that Decaturville's latest annual appreciation rate is higher than 50% of the other cities and towns in Tennessee.
$218,173
for Tennessee
for nation
274
$1,218 / per month