Decatur, Alabama Housing Market Prices
Decatur Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 40% above the Alabama median$225,071
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Median rent 11% below the Alabama median$902
Housing Market Overview
| Metric | Decatur | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,071 | $160,474 | $248,835 |
| Price Trend (Annual %) | 14.4% | 6.3% | 7.5% |
| Median Gross Rent | $902 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Decatur is about 40% higher than in Alabama. Rent is about 11% lower than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Decatur, up about 14.4% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Decatur rose about 49.9% between 2015 and 2024, from $601 to $902. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Decatur.
Buying the median-priced home in Decatur costs roughly 20.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Decatur. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Decatur | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,071 | $160,474 | $248,835 |
| Median Household Income | $62,067 | $64,544 | $80,455 |
| Price-to-Income Ratio | 3.6 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Decatur rose about 161.9%, while median household income rose about 46.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Decatur | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.1% | 60.0% | 58.5% |
| Rental Rate | 34.9% | 25.5% | 31.2% |
| Vacancy Rate | 6.9% | 14.5% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Decatur has a homeownership rate of 58.1%, lower than the Alabama average of 60.0%. Its housing vacancy rate is 6.9%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Decatur | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1978 | 1985 | 1978 |
| Median Number of Rooms | 5.8 | 5.9 | 5.5 |
The typical housing unit in Decatur was built around 1978. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Decatur, Alabama.
What is the median home price in Decatur, Alabama?
The median home price in Decatur, Alabama is $225,071, higher than the Alabama average of $160,474.
What is the average home price in Decatur, Alabama?
The typical home price in Decatur, Alabama, reported as the median sale price, is $225,071. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Decatur, Alabama?
The median gross rent in Decatur, Alabama is $902 per month, lower than the Alabama average of $1,007.
What was the median gross rent in Decatur in 2020?
In 2020, the median gross rent in Decatur, Alabama was $691 per month.
What is the price-to-rent ratio in Decatur, Alabama?
The price-to-rent ratio in Decatur, Alabama is about 20.8, meaning it would take roughly 20.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Decatur.
Are home prices or rent rising faster in Decatur, Alabama?
Both home prices and rent are rising in Decatur, up about 14.4% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Decatur, Alabama?
58.1% of households in Decatur, Alabama own their home, lower than the Alabama average of 60.0%.
What is the vacancy rate in Decatur, Alabama?
The housing vacancy rate in Decatur, Alabama is 6.9%, lower than the Alabama average of 14.5%.
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