Decatur, IL 62522 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Decatur, IL—62522

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$84,000

6.1% YoY Growth

Household Income

$51,700

14.9% YoY Growth

Days on Market

49.0% Shorter YoY

Home Price Forecast

2.0%

Median Rent

$850

27.2% YoY Growth

1-Bed Rent

$710

2.3% YoY Growth

2-Bed Rent

$850

8.0% YoY Growth

3-Bed Rent

$1,080

N/A

Other Zip Codes in Decatur, IL

62523 62521 62526

Home Price Trends — Decatur, IL

As of Dec '25, the median home price in Decatur, IL is $84,000, with a year-over-year change of 6.1%. This indicates that home prices in Decatur, IL are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$84,000	6.1%
Single Family	$84,000	6.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Decatur, IL

As of July '25, Rentcast reports the average rent in Decatur, IL is $954, with a year-over-year rent change of -27.2%. Per bedroom, the median rent as of July '25 in Decatur, IL is studios: $750, 1-bedrooms: $665, 2-bedrooms: $833, 3-bedrooms: $1,080, 4-bedrooms: $1,000. The most common rental property sizes in Decatur, IL are 2-bedroom and 1-bedroom, accounting for 38.9% and 29.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$850	$954
Studio Rent	$750	$750
1 Bed Rent	$710	$665
2 Bed Rent	$850	$833
3 Bed Rent	$1,080	$1,080
4 Bed Rent	$1,000	$1,000

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% of Rental Stock

Studio

2.9%

1 Bedroom

29.9%

2 Bedrooms

38.9%

3 Bedrooms

21.6%

4 Bedrooms

6.7%

Property Listings — Decatur, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Decatur, IL is 30. This is a decrease of -25.0% 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 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	$127,000	10.0%
Listing Count	46	-21.0%
Listings as % of Homes	0.5%	-21.0%
Days on Market	39	-49.0%

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Demographics — Decatur, IL

As of the latest ACS Survey released in 2023, Decatur, IL has a population of 15,000, which has decreased by -1.8% over the past 5 years. Decatur, IL is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 25.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	15,000	-1.8%
% Under 18	22.9%	6.5%
% Seniors	16.9%	12.7%
% WFH	8.7%	123.1%
% w/ College Degree	25.7%	3.2%

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As of the latest ACS Survey released in 2023, Decatur, IL is a predominantly white area, with 62.4% of the population identifying as white. The white population has shrunk by 12.4% in the last 5 years. The second most common race or ethnicity in Decatur, IL is black, making up 28.2% of the population. Foreign-born residents account for 1.8% of the population in Decatur, IL, and this percentage has decreased by 5.3% 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	62.4%	-12.4%
% Black	28.2%	40.3%
% Hispanic	2.3%	-8.0%
% Asian	1.0%	150.0%
% Foreign Born	1.8%	-5.3%

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Mortgage and Risk — Decatur, IL

According to HUD data as of 2023, there were 225 mortgage originations in Decatur, IL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Decatur, IL. Investor activity is low, as 13.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	225
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	13.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Decatur, IL

As of 2024, the percent of homes in Decatur, IL under the Section 8 program is 13.7%. 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. In Decatur, IL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	542
Total Units Section 8	282
% Rentals under Section 8	13.7%
% Occupied Section 8	72.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$100	$710	$810
2 Bedroom	$160	$850	$1,010
3 Bedroom	$250	$1,080	$1,330
4 Bedroom	$570	$1,000	$1,570

Decatur, IL—62522

Key Metrics at a Glance

Other Zip Codes in Decatur, IL

Home Price Trends — Decatur, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Decatur, IL

% of Rental Stock

Property Listings — Decatur, IL

Demographics — Decatur, IL

Race and Ethnicity

Mortgage and Risk — Decatur, IL

Mortgages

Rentals and Section 8 — Decatur, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Decatur, IL

Home Price to Income Ratio

Decatur, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Harristown

Boody

Decatur, IL

Decatur, IL

Niantic, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.3
Median Home Price	$84,000
Median Household Income	$51,700

Decatur, IL—62522

Key Metrics at a Glance

Other Zip Codes in Decatur, IL

Home Price Trends — Decatur, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Decatur, IL

% of Rental Stock

Property Listings — Decatur, IL

Demographics — Decatur, IL

Race and Ethnicity

Mortgage and Risk — Decatur, IL

Mortgages

Rentals and Section 8 — Decatur, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Decatur, IL

Home Price to Income Ratio

Decatur, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Harristown

Boody

Decatur, IL

Decatur, IL

Niantic, IL

Frequently Asked Questions

What is the average home price in Decatur, IL 62522?

How have home prices in Decatur, IL 62522 changed over the past year?

What is the home price projection for Decatur, IL 62522?

What are the demographics of Decatur, IL 62522?

How long does it take homes to sell in Decatur, IL 62522?

What is the average rent price in Decatur, IL 62522?