Decatur, GA—30034
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 $234,000, with a year-over-year change of -8.7%. This indicates that home prices in Decatur, GA are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $234,000 | -8.7% |
| Single Family | $238,000 | -8.5% |
| Condos | $95,000 | -13.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $149,000 | -7.5% |
3 Bed | $219,000 | -9.9% |
4 Bed | $272,000 | -6.5% |
| 5 Bed | $321,000 | -5.3% |
% of Housing Stock
Rental Trends — Decatur, GA
As of July '25, Rentcast reports the average rent in Decatur, GA is $1,680, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Decatur, GA is 1-bedrooms: $983, 2-bedrooms: $1,500, 3-bedrooms: $1,920, 4-bedrooms: $2,310. The most common rental property sizes in Decatur, GA are 3-bedroom and 2-bedroom, accounting for 37.8% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,740 | $1,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,030 | $983 |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $1,860 | $1,920 |
| 4 Bed Rent | $2,150 | $2,310 |
% 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 84. This is a increase of 49.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $250,000 | -9.0% |
Listing Count | 317 | 26.0% |
| Listings as % of Homes | 0.9% | 26.0% |
Days on Market | 84 | 49.0% |
Demographics — Decatur, GA
As of the latest ACS Survey released in 2023, Decatur, GA has a population of 41,800, which has decreased by -9.5% over the past 5 years. Decatur, GA is a moderately popular place for families, as children make up 20.0% of the population. The area has a moderately educated workforce, with 29.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,800 | -9.5% |
% Under 18 | 20.0% | -13.4% |
% Seniors | 19.6% | 27.3% |
% WFH | 15.0% | 163.2% |
% w/ College Degree | 29.2% | 6.2% |
As of the latest ACS Survey released in 2023, Decatur, GA is a predominantly black area, with 89.9% of the population identifying as black. The black population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Decatur, GA is white, making up 3.9% of the population. Foreign-born residents account for 8.4% of the population in Decatur, GA, and this percentage has increased by 50.0% 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 | 3.9% | 116.7% |
% Black | 89.9% | -5.2% |
% Hispanic | 2.0% | 0.0% |
% Asian | 0.2% | -60.0% |
% Foreign Born | 8.4% | 50.0% |
Mortgage and Risk — Decatur, GA
According to HUD data as of 2023, there were 176 mortgage originations in Decatur, GA, of which 57.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Decatur, GA. Investor activity is low, as 5.0% of loans were by investors. 28.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 176 |
% Conventional Loans | 57.0% |
% Government Loans | 43.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 28.0% |
Loan Activity
Rentals and Section 8 — Decatur, GA
As of 2024, the percent of homes in Decatur, GA under the Section 8 program is 14.7%. 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, GA, 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 | 748 |
Total Units Section 8 | 683 |
% Rentals under Section 8 | 14.7% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $1,030 | $1,430 |
| 2 Bedroom | $80 | $1,500 | $1,580 |
| 3 Bedroom | $40 | $1,860 | $1,900 |
| 4 Bedroom | $140 | $2,150 | $2,290 |
Affordability — Decatur, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $234,000 |
| Median Household Income | $60,600 |