Safe Rate Local

Decatur

Learn about the people, housing, costs and businesses in Decatur

Median Home$196,049
Median Rent$910/month
Population157,747
Leading IndustriesRetail · Wholesale Trade · Construction21% retail
Home Value Growth⬆⬆+17.1% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners75% of occupied units
NotableAffordable Market$196k median home · lower cost than 81% of the country
NotableVeteran Community8% of residents · top 28% nationally
Decatur

Frequently Asked Questions

What are today's mortgage rates in Decatur?

Mortgage rates for Decatur are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Decatur
What is the median home price in Decatur?

The median home value in Decatur is $196k. The median monthly rent is $910. Annual property taxes average $653. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Decatur?

Home values in Decatur have increased 17.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Decatur?

Based on a typical all-in ownership cost of $828/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Decatur is $70k/year.

Calculate your buying power
What industries drive the economy in Decatur?

The largest employment sectors in Decatur are retail (21%) and public administration (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.