Decatur, IL 62523 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Decatur, IL—62523

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

N/A

Household Income

N/A

Days on Market

N/A

Home Price Forecast

N/A

Median Rent

$1,850

54.2% YoY Growth

1-Bed Rent

$1,850

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Other Zip Codes in Decatur, IL

62521 62522 62526

Home Price Trends — Decatur, IL

Decatur, IL lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	N/A	N/A
Single Family	N/A	N/A
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, IL

As of July '25, Rentcast reports the average rent in Decatur, IL is $1,850, with a year-over-year rent change of 54.2%. Per bedroom, the median rent as of July '25 in Decatur, IL is 1-bedrooms: $1,850. The most common rental property sizes in Decatur, IL are 1-bedroom and 2-bedroom, accounting for 76.5% and 12.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,850	$1,850
Studio Rent	N/A	N/A
1 Bed Rent	$1,850	$1,850
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

10.4%

1 Bedroom

76.5%

2 Bedrooms

12.3%

3 Bedrooms

0.8%

Property Listings — Decatur, IL

Decatur, IL lacks sufficient listing trend data for analysis.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	N/A	N/A
Listing Count	N/A	N/A
Listings as % of Homes	N/A	N/A
Days on Market	N/A	N/A

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Demographics — Decatur, IL

As of the latest ACS Survey released in 2023, Decatur, IL has a population of 802, which has decreased by -44.3% over the past 5 years. Decatur, IL is a less popular place for families, as children make up 0.0% of the population. The area has a poorly educated workforce, with 5.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	802	-44.3%
% Under 18	0.0%	-100.0%
% Seniors	13.7%	128.3%
% WFH	24.8%	∞%
% w/ College Degree	5.2%	62.5%

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As of the latest ACS Survey released in 2023, Decatur, IL is a predominantly white area, with 41.5% of the population identifying as white. The white population has grown by 4.0% in the last 5 years. The second most common race or ethnicity in Decatur, IL is black, making up 41.4% of the population. Foreign-born residents account for 1.4% of the population in Decatur, IL, and this percentage has increased by 250.0% 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	41.5%	4.0%
% Black	41.4%	-5.0%
% Hispanic	3.1%	6.9%
% Asian	1.1%	∞%
% Foreign Born	1.4%	250.0%

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Mortgage and Risk — Decatur, IL

Decatur, IL lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Decatur, IL

Decatur, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	315
Total Units Section 8	315
% Rentals under Section 8	N/A
% Occupied Section 8	93.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$1,150	$1,850	$700
2 Bedroom	N/A	N/A	$870
3 Bedroom	N/A	N/A	$1,160
4 Bedroom	N/A	N/A	$1,360

Decatur, IL—62523

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

Decatur, IL

Decatur, IL

Forsyth, IL

Decatur, IL

Mount Zion, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	N/A
Median Home Price	N/A
Median Household Income	N/A

Decatur, IL—62523

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

Decatur, IL

Decatur, IL

Forsyth, IL

Decatur, IL

Mount Zion, IL

Frequently Asked Questions

What is the average home price in Decatur, IL 62523?

How have home prices in Decatur, IL 62523 changed over the past year?

What is the home price projection for Decatur, IL 62523?

What are the demographics of Decatur, IL 62523?

How long does it take homes to sell in Decatur, IL 62523?

What is the average rent price in Decatur, IL 62523?