Decatur, TN 37322 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Decatur, TN—37322

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$261,000

0.3% YoY Growth

Household Income

$54,000

28.5% YoY Growth

Days on Market

10.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

$1,250

36.6% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$850

20.0% YoY Growth

3-Bed Rent

$1,080

40.4% YoY Growth

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	0.3%
Single Family	$261,000	0.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

Studio

2.3%

1 Bedroom

9.4%

2 Bedrooms

42.7%

3 Bedrooms

44.1%

4 Bedrooms

1.3%

5+ Bedrooms

0.2%

Property Listings — Decatur, TN

As of Dec '25, Realtor.com reports that the median days on market for a home in Decatur, TN is 79. This is a decrease of -29.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$330,000	-37.0%
Listing Count	40	18.0%
Listings as % of Homes	0.5%	18.0%
Days on Market	85	-10.0%

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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%

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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%

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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%

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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

Decatur, TN—37322

Key Metrics at a Glance

Home Price Trends — Decatur, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Decatur, TN

% of Rental Stock

Property Listings — Decatur, TN

Demographics — Decatur, TN

Race and Ethnicity

Mortgage and Risk — Decatur, TN

Mortgages

Rentals and Section 8 — Decatur, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Decatur, TN

Home Price to Income Ratio

Decatur, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Evensville, TN

Riceville, TN

Athens, TN

Dayton, TN

Spring City, TN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.5
Median Home Price	$261,000
Median Household Income	$54,000

Decatur, TN—37322

Key Metrics at a Glance

Home Price Trends — Decatur, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Decatur, TN

% of Rental Stock

Property Listings — Decatur, TN

Demographics — Decatur, TN

Race and Ethnicity

Mortgage and Risk — Decatur, TN

Mortgages

Rentals and Section 8 — Decatur, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Decatur, TN

Home Price to Income Ratio

Decatur, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Evensville, TN

Riceville, TN

Athens, TN

Dayton, TN

Spring City, TN

Frequently Asked Questions

What is the average home price in Decatur, TN 37322?

How have home prices in Decatur, TN 37322 changed over the past year?

What is the home price projection for Decatur, TN 37322?

What are the demographics of Decatur, TN 37322?

How long does it take homes to sell in Decatur, TN 37322?

What is the average rent price in Decatur, TN 37322?