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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 $173,723, lower than the Indiana average of $232,932.
The average cost of rent is $902/mo in Decatur, primarily driven by the current value of real estate in the Decatur area. In Decatur, 16.67% of households rent, and 38.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Decatur is $5,599 per month. Households that rent pay about 16.11% of their income on rent here. Decatur’s most expensive areas are in the northwestern 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.
Nearby Cities
- Monmouth, IN: higher priced homes
- Rivare, IN: higher priced homes
- Preble, IN: higher priced homes
- Peterson, IN: higher priced homes
- Linn Grove, IN: higher priced homes
- Magley, IN: higher priced homes
- Monroe, IN: higher priced homes
- Honduras, IN: higher priced homes
- Wren, OH: higher priced homes
- Curryville, IN: higher priced homes
Cities with Similar Populations
- Loris, SC: higher priced homes
- Richlands, NC: higher priced homes
- Rhinelander, WI: equally priced homes
- Red Bank, TN: higher priced homes
- Raynham, MA: higher priced homes
- Ramsey, NJ: higher priced homes
- Marshall, MN: higher priced homes
- Marinette, WI: less expensive homes
- Malibu, CA: higher priced homes
- Madisonville, TN: higher priced homes
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