The story of this market
The typical home in Decatur, Alabama sells for about $236,858, or $142 per square foot.
Prices are down 3.3% from a year ago, which gives buyers more room to negotiate. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,400 a month.
Monthly price momentum
Home values since 2015
+1.9%
AL · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Decatur, Alabama
The Decatur housing market is currently experiencing a period of price adjustment, with median sale prices down 3.3% year-over-year to $236,858. While listing prices remain strong at $300,000, the market is characterized by steady buyer activity and a median time on market of 62 days. Data gaps exist regarding specific tax rates and detailed school performance metrics.
No ARED county foreclosure postings attributed to Decatur yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 3 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 2.7% year over year.
Homes spend a median of 58 days on market with 1.6 months of supply — a fast-moving market.
7% of listings have cut prices · homes sell at 98.08% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 13.1% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A historic park providing green space and community gathering areas that enhance local property appeal.
A major natural asset that serves as a focal point for recreation and economic activity in the city.
A large-scale municipal park featuring water attractions and sports facilities that draw regional visitors.
Decatur is well-suited for families and local workers seeking an affordable cost of living, with a housing market that offers significant value compared to national averages.
The city is served by major regional highway corridors that facilitate local commuting and logistics, though specific transit-profile data is limited.
Decatur offers a robust amenity base centered on the Tennessee River, featuring extensive park systems like Point Mallard Park and Delano Park that provide significant recreational value to residents.
The rental market in Decatur shows a median asking rent of $1,400 per month, reflecting steady demand in a market where housing inventory remains relatively constrained.
Decatur's economy is anchored by industrial and manufacturing sectors, with ongoing efforts by the city to attract new corporate investment and expand its business base.
Decatur maintains a focus on industrial and economic development through its dedicated department, aiming to attract investment and support infrastructure growth.
Development efforts are currently focused on industrial expansion and neighborhood strengthening initiatives led by the city's economic development department.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Current Use Valuation: Allows property to be taxed based on its current use value rather than fair market value, potentially reducing the tax burden. Conversion to a non-qualified use triggers revaluation and potential back-tax liability. State (Alabama) — Class III Residential Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by multiplying the assessed value by the local millage rate. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Class 3 Residential Property Tax Assessment: Residential property is classified as Class 3 and assessed at 10 percent of its fair market value. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala.
Data retrieved from U.S. Census Bureau QuickFacts and Census Reporter.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.