Decatur, IL housing market
Typical home value
$105K
▲ 3.5% 1 yr
Typical rent
$1,057/mo
▲ 5.4% 1 yr
Gross rent yield
12.1%
U.S. 6.3%
5-year home value change
+30%
U.S. +20%
Key takeaways
- 1The typical home in Decatur is worth $104,647, up 3.5% over the past year and up 30% over five years.
- 2Typical rent is $1,057 a month (+5.4% YoY), a gross rent yield of 12.1% (above the Decatur, IL metro's 10.2%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $575/mo, $482 less than typical rent.
- 4Zillow forecasts the Decatur, IL metro's home values to change +3.5% over the next 12 months.
Market temperature (Decatur, IL metro)
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 70/100, #4 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Decatur compares
| Measure | Decatur | Decatur, IL metro | United States |
|---|---|---|---|
| Typical home value | $104,647 | $124,660 | $366,157 |
| Home value, 1-yr change | +3.5% | +4.2% | +1.2% |
| Typical rent | $1,057 | $1,059 | $1,932 |
| Rent, 1-yr change | +5.4% | +5.2% | +2.7% |
| Gross rent yield | 12.1% | 10.2% | 6.3% |
| Price-to-rent ratio | 8.3 | 9.8 | 15.8 |
| Mortgage P&I, typical home | $575 | $685 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Decatur rental, pre-filled.
Rent vs buy in Decatur
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $105K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.