Decatur, Georgia 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 39% above the Georgia median$357,347
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Median rent 15% above the Georgia median$1,596
Housing Market Overview
| Metric | Decatur | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $357,347 | $256,986 | $248,835 |
| Price Trend (Annual %) | 1.5% | 8.9% | 7.5% |
| Median Gross Rent | $1,596 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 7.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Decatur is about 39% higher than in Georgia. Rent is about 15% higher than the Georgia 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 1.5% and 7.8% a year respectively. Rent is changing faster.
Median rent in Decatur rose about 78.7% between 2015 and 2024, from $893 to $1,596. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Decatur.
Buying the median-priced home in Decatur costs roughly 18.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Decatur. The price-to-rent ratio in Georgia is about 15.4.
| Metric | Decatur | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $357,347 | $256,986 | $248,835 |
| Median Household Income | $137,669 | $77,523 | $80,455 |
| Price-to-Income Ratio | 2.6 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Decatur rose about 1.4%, while median household income rose about 97.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Decatur | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.0% | 58.9% | 58.5% |
| Rental Rate | 31.2% | 30.8% | 31.2% |
| Vacancy Rate | 10.8% | 10.3% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Decatur has a homeownership rate of 58.0%, lower than the Georgia average of 58.9%. Its housing vacancy rate is 10.8%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Decatur | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1977 | 1990 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Decatur was built around 1977. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Decatur, Georgia.
What is the median home price in Decatur, Georgia?
The median home price in Decatur, Georgia is $357,347, higher than the Georgia average of $256,986.
What is the average home price in Decatur, Georgia?
The typical home price in Decatur, Georgia, reported as the median sale price, is $357,347. 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, Georgia?
The median gross rent in Decatur, Georgia is $1,596 per month, higher than the Georgia average of $1,392.
What was the median gross rent in Decatur in 2020?
In 2020, the median gross rent in Decatur, Georgia was $1,329 per month.
What is the price-to-rent ratio in Decatur, Georgia?
The price-to-rent ratio in Decatur, Georgia is about 18.7, meaning it would take roughly 18.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Decatur.
Are home prices or rent rising faster in Decatur, Georgia?
Both home prices and rent are rising in Decatur, up about 1.5% and 7.8% a year respectively. Rent is changing faster.
What is the homeownership rate in Decatur, Georgia?
58.0% of households in Decatur, Georgia own their home, lower than the Georgia average of 58.9%.
What is the vacancy rate in Decatur, Georgia?
The housing vacancy rate in Decatur, Georgia is 10.8%, higher than the Georgia average of 10.3%.
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