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  1. Home
  2. /Browse ZIP Codes
  3. /Illinois
  4. /Decatur, IL - 62522

Decatur, IL—62522

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$92,000
5.6% YoY Growth
Household Income
$51,700
14.9% YoY Growth
Days on Market
35
20.0% Shorter YoY
Home Price Forecast
0.7%
Median Rent
$850
27.2% YoY Growth
1-Bed Rent
$710
2.3% YoY Growth
2-Bed Rent
$850
8.0% YoY Growth
3-Bed Rent
$1,080
N/A

Other Zip Codes in Decatur, IL

625236252162526
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Decatur, IL

As of May '26, the median home price in Decatur, IL is $92,000, with a year-over-year change of 5.6%. This indicates that home prices in Decatur, IL are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$92,0005.6%
Single Family $92,0004.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$67,0000.0%
    3 Bed
    		$129,0006.6%
    4 Bed
    		$155,0006.2%
    5 Bed N/AN/A
    Loading chart...

    % of Housing Stock

    Studio
    1.4%
    1 Bedroom
    12.9%
    2 Bedrooms
    33.7%
    3 Bedrooms
    33.8%
    4 Bedrooms
    14.3%
    5+ Bedrooms
    3.8%

    Rental Trends — Decatur, IL

    As of July '25, Rentcast reports the average rent in Decatur, IL is $954, with a year-over-year rent change of -27.2%. Per bedroom, the median rent as of July '25 in Decatur, IL is studios: $750, 1-bedrooms: $665, 2-bedrooms: $833, 3-bedrooms: $1,080, 4-bedrooms: $1,000. The most common rental property sizes in Decatur, IL are 2-bedroom and 1-bedroom, accounting for 38.9% and 29.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$850$954
    Studio Rent $750$750
    1 Bed Rent $710$665
    2 Bed Rent $850$833
    3 Bed Rent $1,080$1,080
    4 Bed Rent $1,000$1,000
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    % of Rental Stock

    Studio
    2.9%
    1 Bedroom
    29.9%
    2 Bedrooms
    38.9%
    3 Bedrooms
    21.6%
    4 Bedrooms
    6.7%

    Property Listings — Decatur, IL

    As of May '26, Realtor.com reports that the median days on market for a home in Decatur, IL is 35. This is a decrease of -20.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$92,000-16.0%
    Listing Count
    		383.0%
    Listings as % of Homes0.5%3.0%
    Days on Market
    		35-20.0%
    Loading chart...

    Demographics — Decatur, IL

    As of the latest ACS Survey released in 2023, Decatur, IL has a population of 15,000, which has decreased by -1.8% over the past 5 years. Decatur, IL is a moderately popular place for families, as children make up 22.9% of the population. The area has a moderately educated workforce, with 25.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		15,000-1.8%
    % Under 18
    		22.9%6.5%
    % Seniors
    		16.9%12.7%
    % WFH
    		8.7%123.1%
    % w/ College Degree
    		25.7%3.2%
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    As of the latest ACS Survey released in 2023, Decatur, IL is a predominantly white area, with 62.4% of the population identifying as white. The white population has shrunk by 12.4% in the last 5 years. The second most common race or ethnicity in Decatur, IL is black, making up 28.2% of the population. Foreign-born residents account for 1.8% of the population in Decatur, IL, and this percentage has decreased by 5.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		62.4%-12.4%
    % Black
    		28.2%40.3%
    % Hispanic
    		2.3%-8.0%
    % Asian
    		1.0%150.0%
    % Foreign Born
    		1.8%-5.3%
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    Mortgage and Risk — Decatur, IL

    According to HUD data as of 2023, there were 225 mortgage originations in Decatur, IL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Decatur, IL. Investor activity is low, as 13.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		225
    % Conventional Loans
    		68.0%
    % Government Loans
    		32.0%
    % Investor Loans
    		13.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		9.0%
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    Rentals and Section 8 — Decatur, IL

    As of 2024, the percent of homes in Decatur, IL under the Section 8 program is 13.7%. 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, IL, 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
    		542
    Total Units Section 8
    		282
    % Rentals under Section 8
    		13.7%
    % Occupied Section 8
    		72.4%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$100$710$810
    2 Bedroom$160$850$1,010
    3 Bedroom$250$1,080$1,330
    4 Bedroom$570$1,000$1,570

    Affordability — Decatur, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio1.4
    Median Home Price$92,000
    Median Household Income$51,700

    Decatur, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Harristown

    62537

    Boody

    62514

    Decatur, IL

    62526

    Decatur, IL

    62523

    Niantic, IL

    62551

    Frequently Asked Questions