Decatur, TN—37322
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Decatur, TN
Decatur, TN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $261,000 | -0.1% |
| Single Family | $260,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $255,000 | 3.2% |
3 Bed | $320,000 | 2.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Decatur, TN
As of July '25, Rentcast reports the average rent in Decatur, TN is $1,280, with a year-over-year rent change of -36.6%. Per bedroom, the median rent as of July '25 in Decatur, TN is 2-bedrooms: $1,080, 3-bedrooms: $1,340. The most common rental property sizes in Decatur, TN are 3-bedroom and 2-bedroom, accounting for 44.1% and 42.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,250 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $1,080 |
| 3 Bed Rent | $1,080 | $1,340 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Decatur, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Decatur, TN is 57. This is a decrease of -36.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $360,000 | -30.0% |
Listing Count | 50 | 19.0% |
| Listings as % of Homes | 0.5% | 19.0% |
Days on Market | 57 | -36.0% |
Demographics — Decatur, TN
As of the latest ACS Survey released in 2023, Decatur, TN has a population of 8,510, which has increased by 1.8% over the past 5 years. Decatur, TN is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 10.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,510 | 1.8% |
% Under 18 | 20.5% | -1.0% |
% Seniors | 22.7% | 1.3% |
% WFH | 9.3% | 447.1% |
% w/ College Degree | 10.7% | 27.4% |
As of the latest ACS Survey released in 2023, Decatur, TN is a predominantly white area, with 90.3% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Decatur, TN is black, making up 3.6% of the population. Foreign-born residents account for 1.4% of the population in Decatur, TN, and this percentage has decreased by 12.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.3% | -4.6% |
% Black | 3.6% | 140.0% |
% Hispanic | 0.5% | -75.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.4% | -12.5% |
Mortgage and Risk — Decatur, TN
According to HUD data as of 2023, there were 158 mortgage originations in Decatur, TN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Decatur, TN. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 158 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Decatur, TN
Decatur, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 126 |
Total Units Section 8 | 69 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 72.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | $50 | $850 | $900 |
| 3 Bedroom | $150 | $1,080 | $1,230 |
| 4 Bedroom | N/A | N/A | $1,250 |
Affordability — Decatur, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $261,000 |
| Median Household Income | $54,000 |