The story of this market
The typical home in ZIP 35602 sells for about $259,500, or $138 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 94 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,023 a month.
ZIP 35602 — Decatur
The housing market in the Decatur area is currently characterized as a buyer's market with approximately 7.46 months of supply. Market data indicates a median sold price of $259,500 with a median sale-to-list ratio of 99%.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 94 days on market with 7.5 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
unemployment 0.0% · poverty 0.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. 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. Code § 40-8-1 and the Alabama Constitution.
not determinable
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).