Decatur, GA—30032
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Decatur, GA
As of Oct '25, the median home price in Decatur, GA is $233,000, with a year-over-year change of -13.7%. This indicates that home prices in Decatur, GA are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $233,000 | -13.7% |
| Single Family | $236,000 | -13.9% |
| Condos | $147,000 | -14.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $180,000 | -13.9% |
3 Bed | $224,000 | -14.8% |
4 Bed | $300,000 | -10.7% |
| 5 Bed | $335,000 | -10.2% |
% of Housing Stock
Rental Trends — Decatur, GA
As of July '25, Rentcast reports the average rent in Decatur, GA is $1,810, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in Decatur, GA is studios: $1,250, 1-bedrooms: $1,200, 2-bedrooms: $1,770, 3-bedrooms: $2,090, 4-bedrooms: $2,280. The most common rental property sizes in Decatur, GA are 3-bedroom and 2-bedroom, accounting for 35.4% and 34.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,860 | $1,810 |
| Studio Rent | $1,000 | $1,250 |
| 1 Bed Rent | $1,180 | $1,200 |
| 2 Bed Rent | $1,880 | $1,770 |
| 3 Bed Rent | $2,120 | $2,090 |
| 4 Bed Rent | $2,200 | $2,280 |
% of Rental Stock
Property Listings — Decatur, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Decatur, GA is 97. This is a increase of 74.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $276,000 | -15.0% |
Listing Count | 513 | 33.0% |
| Listings as % of Homes | 1.2% | 33.0% |
Days on Market | 97 | 74.0% |
Demographics — Decatur, GA
As of the latest ACS Survey released in 2023, Decatur, GA has a population of 42,800, which has decreased by -13.4% over the past 5 years. Decatur, GA is a moderately popular place for families, as children make up 17.5% of the population. The area has a moderately educated workforce, with 30.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,800 | -13.4% |
% Under 18 | 17.5% | -13.8% |
% Seniors | 16.3% | 23.5% |
% WFH | 16.4% | 290.5% |
% w/ College Degree | 30.0% | 39.5% |
As of the latest ACS Survey released in 2023, Decatur, GA is a predominantly black area, with 70.0% of the population identifying as black. The black population has shrunk by 16.7% in the last 5 years. The second most common race or ethnicity in Decatur, GA is white, making up 17.6% of the population. Foreign-born residents account for 7.3% of the population in Decatur, GA, and this percentage has increased by 58.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 17.6% | 64.5% |
% Black | 70.0% | -16.7% |
% Hispanic | 5.2% | 136.4% |
% Asian | 1.8% | 157.1% |
% Foreign Born | 7.3% | 58.7% |
Mortgage and Risk — Decatur, GA
According to HUD data as of 2023, there were 755 mortgage originations in Decatur, GA, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Decatur, GA. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 755 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Decatur, GA
As of 2024, the percent of homes in Decatur, GA under the Section 8 program is 12.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Decatur, GA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 837 |
Total Units Section 8 | 837 |
% Rentals under Section 8 | 12.7% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,180 | $1,400 |
| 2 Bedroom | -$330 | $1,880 | $1,550 |
| 3 Bedroom | -$250 | $2,120 | $1,870 |
| 4 Bedroom | $50 | $2,200 | $2,250 |
Affordability — Decatur, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $233,000 |
| Median Household Income | $61,300 |