The typical owner-occupied home in Decatur is worth about $701,400, 2.3 times the Georgia median of $303,300 and 2.1 times the national median of $332,700. Owners pay a median $9,295 a year in property taxes, about 1.33% of their home's value, higher than the Georgia rate of 0.77%. The median household earns $139,397 a year, so the median home costs 5.0 times the median income (3.9 times for Georgia). 64% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Decatur at a glance
| Decatur | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $701,400 | $303,300 | $332,700 |
| Median property tax paid per year | $9,295 | $2,341 | $3,119 |
| Property tax as a share of value | 1.33% | 0.77% | 0.94% |
| Median household income | $139,397 | $77,353 | $80,734 |
| Homes lived in by their owners | 64% | 66% | 65% |
| Owner homes with a mortgage | 69% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $3,419 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 19.1% | 20.0% | 21.0% |
| Median rent | $1,655 | $1,393 | $1,413 |
| Rent as a share of renters' income | 28.2% | 31.3% | 30.6% |
| Median year homes were built | 1975 | 1992 | 1980 |
| Vacant homes | 10.5% | 10.3% | 10.1% |
| Population | 24,518 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Decatur
At this week's average 30-year rate of 7.11%, buying the median Decatur home of $701,400 with 20% down costs about $4,844 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,013, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $207,614 for the 20%-down payment. That payment is 42% of the median Decatur household income of $139,397; at that income and 20% down, the 28% guideline points to a home of about $471,000.
The median rent here is $1,655 a month, so owning the median home costs about $3,189 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $140,280 |
|---|---|
| Loan amount | $561,120 |
| Principal and interest | $3,775 |
| Property taxes (1.33% a year) | $777 |
| Homeowners insurance (our estimate, 0.5% a year) | $292 |
| PMI | $0 |
| Total per month | $4,844 |
Change the numbers in the calculator
| Down payment | $24,549 |
|---|---|
| Loan amount | $688,696 |
| Principal and interest | $4,633 |
| Property taxes (1.33% a year) | $777 |
| Homeowners insurance (our estimate, 0.5% a year) | $292 |
| FHA mortgage insurance | $310 |
| Total per month | $6,013 |
Change the numbers in the calculator
Questions about home buying in Decatur
What is the median home value in Decatur?
About $701,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Decatur?
Homeowners pay a median $9,295 a year, which is about 1.33% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Decatur?
For the median home with 20% down at 7.11%, the payment is about $4,844 a month. Keeping that under 28% of gross income takes about $207,614 a year.
More about Decatur
- Mortgage Refinance in Decatur
- Debt Relief in Decatur
- Home Equity Loans in Decatur
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data