The housing market in Decatur continues to see strong price appreciation, with values up 23.3% compared to last year. Home prices have increased 9.7% in the past month alone. With 5.2 months of supply, Decatur's inventory levels remain relatively tight. Homes are taking about 43 days to sell, which is -6 days longer than this time last year. A significant 28.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 22.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Decatur market with the affordability index at 23.4. Based on current market indicators, home prices in Decatur are projected to decrease by approximately 6.8% over the next month.
Decatur, AL has a total population of 63,348 residents. The area is predominantly White (57.0%), African American residents comprise 19.1% of the community. This creates a relatively diverse demographic makeup for the area. With a mid-sized population, Decatur, AL provides a good balance of community feel and urban amenities.
Crime analysis for Decatur, AL shows 558 total incidents across all categories. The most prevalent crime type is Property Crime (55.6% of all incidents). This is followed by Assault at 41.4%. The crime rate in Decatur, AL is moderate, with violent crimes being more common than property crimes. Residents and visitors should remain aware of their surroundings and take appropriate safety precautions.
Market predictions for Decatur, AL show an upward trend in home prices, with values increasing by 8.7%. This indicates a moderate but notable price trend. The current median home price in Decatur, AL is approximately $281,742.227. Based on current trends, home prices in Decatur, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
Decatur, AL features 4 investment hotspots with varying levels of activity. The average nightly rate of $110 suggests an affordable market for travelers. The average rating of 3.5/5 suggests room for improvement in guest experience. With an average hotspot score of 0.66, these areas show good investment opportunities. With only 18 hotels, this represents an emerging market with potential for growth.
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