Decatur, MI—49045
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Decatur, MI
Decatur, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $205,000 | -2.4% |
| Single Family | $205,000 | -2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $181,000 | 1.1% |
3 Bed | $213,000 | 0.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Decatur, MI
As of July '25, Rentcast reports the average rent in Decatur, MI is $686, with a year-over-year rent change of -2.1%. Per bedroom, the median rent as of July '25 in Decatur, MI is 1-bedrooms: $686. The most common rental property sizes in Decatur, MI are 2-bedroom and 3-bedroom, accounting for 41.3% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $686 | $686 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $686 | $686 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Decatur, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Decatur, MI is 53. This is a decrease of -11.0% 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 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $215,000 | -31.0% |
Listing Count | 14 | 50.0% |
| Listings as % of Homes | 0.3% | 50.0% |
Days on Market | 53 | -11.0% |
Demographics — Decatur, MI
As of the latest ACS Survey released in 2023, Decatur, MI has a population of 5,110, which has decreased by -3.2% over the past 5 years. Decatur, MI is a moderately popular place for families, as children make up 17.7% of the population. The area has a poorly educated workforce, with 14.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,110 | -3.2% |
% Under 18 | 17.7% | -29.8% |
% Seniors | 23.2% | 31.8% |
% WFH | 9.1% | 193.5% |
% w/ College Degree | 14.4% | -8.3% |
As of the latest ACS Survey released in 2023, Decatur, MI is a predominantly white area, with 83.7% of the population identifying as white. The white population has grown by 9.1% in the last 5 years. The second most common race or ethnicity in Decatur, MI is hispanic, making up 7.7% of the population. Foreign-born residents account for 3.4% of the population in Decatur, MI, and this percentage has decreased by 49.3% 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 | 83.7% | 9.1% |
% Black | 1.7% | -39.3% |
% Hispanic | 7.7% | -51.0% |
% Asian | 0.4% | 0.0% |
% Foreign Born | 3.4% | -49.3% |
Mortgage and Risk — Decatur, MI
According to HUD data as of 2023, there were 152 mortgage originations in Decatur, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Decatur, MI. Investor activity is low, as 1.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 152 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 1.0% |
% Second Loans | 15.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Decatur, MI
Decatur, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $34 | $686 | $720 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,210 |
| 4 Bedroom | N/A | N/A | $1,270 |
Affordability — Decatur, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $205,000 |
| Median Household Income | $58,300 |