Decatur, GA—30033
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Decatur, GA
As of Oct '25, the median home price in Decatur, GA is $475,000, with a year-over-year change of -0.3%. This indicates that home prices in Decatur, GA are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $475,000 | -0.3% |
| Single Family | $514,000 | 0.0% |
| Condos | $251,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $204,000 | -0.5% |
2 Bed | $289,000 | -2.0% |
3 Bed | $475,000 | -0.6% |
4 Bed | $628,000 | 0.8% |
| 5 Bed | $909,000 | 0.6% |
% of Housing Stock
Rental Trends — Decatur, GA
As of July '25, Rentcast reports the average rent in Decatur, GA is $2,100, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Decatur, GA is 1-bedrooms: $1,690, 2-bedrooms: $1,820, 3-bedrooms: $2,590, 4-bedrooms: $3,470. The most common rental property sizes in Decatur, GA are 2-bedroom and 1-bedroom, accounting for 40.7% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,660 | $1,690 |
| 2 Bed Rent | $1,820 | $1,820 |
| 3 Bed Rent | $2,540 | $2,590 |
| 4 Bed Rent | $3,300 | $3,470 |
% of Rental Stock
Property Listings — Decatur, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Decatur, GA is 45. This is a increase of 13.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $494,000 | -8.0% |
Listing Count | 196 | 37.0% |
| Listings as % of Homes | 0.5% | 37.0% |
Days on Market | 45 | 13.0% |
Demographics — Decatur, GA
As of the latest ACS Survey released in 2023, Decatur, GA has a population of 31,500, which has decreased by -4.4% over the past 5 years. Decatur, GA is a moderately popular place for families, as children make up 18.4% of the population. The area has a highly educated workforce, with 71.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,500 | -4.4% |
% Under 18 | 18.4% | 5.1% |
% Seniors | 15.7% | 12.1% |
% WFH | 24.0% | 169.7% |
% w/ College Degree | 71.2% | 8.2% |
As of the latest ACS Survey released in 2023, Decatur, GA is a predominantly white area, with 59.4% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Decatur, GA is black, making up 15.1% of the population. Foreign-born residents account for 16.7% of the population in Decatur, GA, and this percentage has decreased by 16.5% 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 | 59.4% | -3.3% |
% Black | 15.1% | 12.7% |
% Hispanic | 6.9% | -6.8% |
% Asian | 13.0% | -9.7% |
% Foreign Born | 16.7% | -16.5% |
Mortgage and Risk — Decatur, GA
According to HUD data as of 2023, there were 435 mortgage originations in Decatur, GA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Decatur, GA. Investor activity is low, as 4.0% 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 | 435 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Decatur, GA
As of 2024, the percent of homes in Decatur, GA under the Section 8 program is 0.5%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Decatur, GA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 154 |
Total Units Section 8 | 87 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $1,660 | $1,720 |
| 2 Bedroom | $80 | $1,820 | $1,900 |
| 3 Bedroom | -$250 | $2,540 | $2,290 |
| 4 Bedroom | -$550 | $3,300 | $2,750 |
Affordability — Decatur, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $475,000 |
| Median Household Income | $108,000 |