Decatur, IN—46733
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Decatur, IN
As of Oct '25, the median home price in Decatur, IN is $221,000, with a year-over-year change of 6.3%. This indicates that home prices in Decatur, IN are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $221,000 | 6.3% |
| Single Family | $221,000 | 6.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $134,000 | 3.1% |
2 Bed | $156,000 | 6.8% |
3 Bed | $224,000 | 6.2% |
4 Bed | $283,000 | 6.4% |
| 5 Bed | $336,000 | 7.0% |
% of Housing Stock
Rental Trends — Decatur, IN
As of July '25, Rentcast reports the average rent in Decatur, IN is $986, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in Decatur, IN is 1-bedrooms: $650, 2-bedrooms: $961, 3-bedrooms: $1,500. The most common rental property sizes in Decatur, IN are 2-bedroom and 3-bedroom, accounting for 38.6% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $986 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $650 |
| 2 Bed Rent | $1,000 | $961 |
| 3 Bed Rent | $1,500 | $1,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Decatur, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Decatur, IN is 35. This is a increase of 2.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $249,000 | -9.0% |
Listing Count | 39 | 2.0% |
| Listings as % of Homes | 0.2% | 2.0% |
Days on Market | 35 | 2.0% |
Demographics — Decatur, IN
As of the latest ACS Survey released in 2023, Decatur, IN has a population of 19,200, which has increased by 2.8% over the past 5 years. Decatur, IN is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 15.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,200 | 2.8% |
% Under 18 | 23.6% | -9.2% |
% Seniors | 18.9% | 10.5% |
% WFH | 4.2% | 50.0% |
% w/ College Degree | 15.5% | 2.0% |
As of the latest ACS Survey released in 2023, Decatur, IN is a predominantly white area, with 90.3% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Decatur, IN is hispanic, making up 6.3% of the population. Foreign-born residents account for 0.9% of the population in Decatur, IN, and this percentage has increased by 50.0% 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 | 90.3% | -1.0% |
% Black | 0.8% | -46.7% |
% Hispanic | 6.3% | -8.7% |
% Asian | 0.1% | -66.7% |
% Foreign Born | 0.9% | 50.0% |
Mortgage and Risk — Decatur, IN
According to HUD data as of 2023, there were 371 mortgage originations in Decatur, IN, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Decatur, IN. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 371 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Decatur, IN
Decatur, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 245 |
Total Units Section 8 | 245 |
% Rentals under Section 8 | 18.2% |
% Occupied Section 8 | 82.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $650 | $810 |
| 2 Bedroom | -$10 | $1,000 | $990 |
| 3 Bedroom | -$250 | $1,500 | $1,250 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Decatur, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $221,000 |
| Median Household Income | $63,800 |