The housing market in Decatur, IL (62523) is particularly strong. According to the latest data, the median housing value for this area stands at $112,300. This is significantly lower than the US median value of $338,100. Furthermore, house appreciation for this area is up by a staggering 10.25% over the past year compared to just 8.27% nationally. This indicates that homeowners in Decatur are likely to receive a higher return on their investment in terms of both market value as well as equity gains when they decide to sell their property.
The median home cost in Decatur (zip 62523) is $112,300. Home appreciation the last 10 years has been 33.9%. Home Appreciation in Decatur (zip 62523) is up 11.6%.
Average Age of Homes
- The median age of Decatur (zip 62523) real estate is 68 years old
The Rental Market in Decatur (zip 62523)
- Renters make up 84.5% of the Decatur (zip 62523) population
- 6.0% of houses and apartments in Decatur (zip 62523), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.