Decatur, IL—62523
Real Estate Data & Market Trends
Key Metrics at a Glance
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 |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
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 |
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% |
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% |
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 |
Loan Activity
No data available
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 |
Affordability — Decatur, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | N/A |