Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Decatur area can be challenging. Home prices in Decatur are now at a median cost of $88,348, lower than the Illinois average of $242,002.
The average cost of rent is $778/mo in Decatur, primarily driven by the current value of real estate in the Decatur area. While nearly 51.00% of residents own their homes outright in Decatur, 34.36% rent.
Housing affordability isn’t just about home prices, though. The average household income in Decatur is $4,460 per month. Households that rent pay about 17.44% of their income on rent here. Decatur's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Elwin, IL: higher priced homes
- Forsyth, IL: higher priced homes
- Long Creek, IL: higher priced homes
- Harristown, IL: higher priced homes
- Mount Zion, IL: higher priced homes
- Oreana, IL: higher priced homes
- Boody, IL: higher priced homes
- Warrensburg, IL: higher priced homes
- Oakley, IL: higher priced homes
- Argenta, IL: higher priced homes
Cities with Similar Populations
- Stockbridge, GA: higher priced homes
- Sunrise Manor, NV: higher priced homes
- Sylmar, CA: higher priced homes
- Sterling Heights, MI: higher priced homes
- Sunrise, FL: higher priced homes
- Summerville, SC: higher priced homes
- Sugar Land, TX: higher priced homes
- Temecula, CA: higher priced homes
- Temple, TX: higher priced homes
- Thornton, CO: higher priced homes
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