The Most Affordable Neighborhoods in Decatur City, IA by Home Value

These days, finding an affordable place to live in the Decatur City area can be challenging. Home prices in Decatur City are now at a median cost of $113,237, lower than the Iowa average of $226,062.

The average cost of rent is $1,162/mo in Decatur City, primarily driven by the current value of real estate in the Decatur City area. In Decatur City, 16.86% of households rent, and 45.78% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Decatur City is $4,352 per month. Households that rent pay about 26.71% of their income on rent here. Decatur City’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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