What is the average home price in Decatur, IL 62521?

As of May '26, the median home price in Decatur, IL 62521 is $125,000, based on Zillow home estimates.

How have home prices in Decatur, IL 62521 changed over the past year?

As of May '26, home prices have increased 8.4% over the past year, according to Zillow home estimates data.

What is the home price projection for Decatur, IL 62521?

As of May '26, Zillow projects home prices in Decatur, IL 62521 to increase 1.0% in the next year.

What are the demographics of Decatur, IL 62521?

According to the latest Census, the demographics of Decatur, IL 62521 are 74.8% White, 17.0% Black, 0.6% Asian, 2.8% Hispanic. The population is 32,500, with 22.3% under 18 years old.

How long does it take homes to sell in Decatur, IL 62521?

According to Realtor.com, as of May '26, the median home in Decatur, IL 62521 is on the market for 51 days. This is an increase of 88.0% from last year.

What is the average rent price in Decatur, IL 62521?

The average rent price in Decatur, IL 62521, as of the latest data, is $1,040. The average rent for 1 bedroom homes is $865. For 2, 3, and 4 bedroom homes, the average rent is $986, $1,100, and $1,260 respectively.

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Decatur, IL—62521

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$125,000

8.4% YoY Growth

Household Income

$66,800

21.8% YoY Growth

Days on Market

88.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$880

2.0% YoY Growth

1-Bed Rent

$865

N/A

2-Bed Rent

$850

2.2% YoY Growth

3-Bed Rent

$1,070

2.7% YoY Growth

Other Zip Codes in Decatur, IL

62523 62522 62526

Home Price Trends — Decatur, IL

As of May '26, the median home price in Decatur, IL is $125,000, with a year-over-year change of 8.4%. This indicates that home prices in Decatur, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$125,000	8.4%
Single Family	$125,000	7.8%
Condos	$94,000	3.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$148,000	-8.0%
Listing Count	100	51.0%
Listings as % of Homes	0.5%	51.0%
Days on Market	51	88.0%

Metric	Latest Census	YoY % Change
Population	32,500	-8.7%
% Under 18	22.3%	-2.2%
% Seniors	22.5%	11.9%
% WFH	7.1%	91.9%
% w/ College Degree	22.4%	-0.9%

Metric	Zip Code Average
Total Loan Originations	434
% Conventional Loans	74.0%
% Government Loans	26.0%
% Investor Loans	11.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

Total Units under HUD	676
Total Units Section 8	381
% Rentals under Section 8	11.9%
% Occupied Section 8	72.4%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$5	$865	$860
2 Bedroom	$220	$850	$1,070
3 Bedroom	$340	$1,070	$1,410
4 Bedroom	$430	$1,240	$1,670

Decatur, IL—62521

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

Mount Zion, IL

Decatur, IL

Macon, IL

Forsyth, IL

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$880	$1,040
Studio Rent	N/A	N/A
1 Bed Rent	$865	$865
2 Bed Rent	$850	$986
3 Bed Rent	$1,070	$1,100
4 Bed Rent	$1,240	$1,260

Metric	Latest Census	5-Year % Change
% White	74.8%	-1.2%
% Black	17.0%	2.4%
% Hispanic	2.8%	12.0%
% Asian	0.6%	-33.3%
% Foreign Born	2.6%	23.8%

Metric	Zip Code Average
Home Price to Income Ratio	1.4
Median Home Price	$125,000
Median Household Income	$66,800