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 1,584 people, 739 houses or apartments, and a median cost of homes of $237,631, house prices in Decatur are solidly below the national average.
Single-family detached homes are the single most common housing type in Decatur, accounting for 69.66% of the town's housing units. Other types of housing that are prevalent in Decatur include mobile homes or trailers ( 19.90%), duplexes, homes converted to apartments or other small apartment buildings ( 7.62%), and a few large apartment complexes or high rise apartments ( 2.83%).
The most prevalent building size and type in Decatur are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 52.84% owning and 47.16% renting.
There is a lot of housing in Decatur built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Decatur built between 1940-1969 ( 19.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.51%). There's also some housing in Decatur built before 1939 ( 7.74%).
In the last 10 years, Decatur has experienced some of the highest home appreciation rates of any community in the nation. Decatur real estate appreciated 130.16% over the last ten years, which is an average annual home appreciation rate of 8.69%, putting Decatur in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Decatur 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, Decatur's appreciation rate, at 5.97%, has been at or slightly above the national average. In the latest quarter, Decatur's appreciation rate has been 2.75%, which annualizes to a rate of 11.45%.
Relative to Tennessee, our data show that Decatur's latest annual appreciation rate is lower than 50% of the other cities and towns in Tennessee.
$237,631
for Tennessee
for nation
739
$1,417 / per month