Decatur City, Alabama Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Decatur City, Alabama rental market.

Highlights

An apartment for rent in Decatur City, Alabama typically goes for $925 per month, while a single-family home for rent in Decatur City, Alabama has a monthly cost of around $1,399. Renter-occupied units make up 36% of the local housing market, while the rental vacancy rate in Decatur City, Alabama is at 5.2.

Decatur City, Alabama

Average Apartment Rent

$925

Y-o-Y Change in Average
Apartment Rent

5.1%

Average Single-Family Rent

$1,399

As of November 2024

Compared to a year ago, Decatur City, Alabama apartments have recorded a 5.1% rent increase.

Decatur City, Alabama Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Decatur $690 $726 $796 $840 $871 $884 $880 $886 $908 $925
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Decatur
National
Nov 2021
$690
$1,596
Mar 2022
$726
$1,635
Jul 2022
$796
$1,708
Nov 2022
$840
$1,726
Mar 2023
$871
$1,714
Jul 2023
$884
$1,739
Nov 2023
$880
$1,733
Mar 2024
$886
$1,727
Jul 2024
$908
$1,752
Nov 2024
$925
$1,748

Decatur City, Alabama Average Apartment Rent

Decatur City, Alabama Apartment rent ranges

Under $500
$501 - $700
$701 - $1000
$1,001 - $1,500
$1,501 - $2,000
Over $2,000

At 76.72%, apartments priced $700 - $1000 represent the bulk of Decatur City, Alabama rentals, while condos priced $500 - $700 hold the lowest share of the market – 0.35%.

Decatur City, Alabama Housing tenure**

Renter occupied housing units 8,562
Owner occupied housing units 15,112

Renters take up 36% of Decatur City, Alabama real estate, occupying a total of 8,562 units, while homeowners live in 15,112 properties.

Median number of rooms of renter-occupied housing units**

4.5

Renter median household income**

$33,050

Average household size of renter-occupied housing units**

2.28

Rental vacancy rate**

5.2%

Decatur City, Alabama Renter-occupied housing units by no. of bedrooms**

No bedrooms 312
1 bed 1,807
2 beds 3,571
3 beds 2,063
4 beds 708
5 or more beds 101

There are 3,571 rentals in Decatur City, Alabama with 2 beds making up the highest share of the market, at 42%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 101 units. Overall, the median number of rooms in Decatur City, Alabama homes for rent is 4.5.

Decatur City, Alabama Renter-occupied units by age of householder**

15 - 24 years 610
25 - 34 years 1,933
35 - 44 years 1,717
45 - 54 years 853
55 - 59 years 785
60 - 64 years 683
65 - 74 years 977
75 - 84 years 657
85 years and over 347

Most condos for rent in Decatur City, Alabama are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.

Decatur City, Alabama Renter-occupied housing units by family type**

Family households 4,079
Non-Family Households 4,483

Decatur City, Alabama Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 2,616
No related children of the householder under 18 5,946

A total of 4,079 apartments for rent in Decatur City, Alabama, or 48% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 2,616 units. All in all, the median size of a renter-occupied household in Decatur City, Alabama is 2.28.

Decatur City, Alabama Renter-occupied housing units by educational attainment**

Less than high school graduate 2,243
High school graduate (including equivalency) 2,594
Some college or associate's degree 2,884
Bachelor's degree or higher 841

In terms of education, renters holding bachelor degrees or higher make up 10% of the rental market. In contrast, residents with less than a high school degree reside in 26% of the homes for rent in Decatur City, Alabama.

Decatur City, Alabama Renter-occupied units by year structure built**

Built 2020 or later 58
Built 2010 - 2019 338
Built 2000 - 2009 570
Built 1990 - 1999 762
Built 1980 - 1989 2,385
Built 1970 - 1979 1,741
Built 1960 - 1969 1,408
Built 1950 - 1959 722
Built 1940 - 1949 270
Built 1939 or earlier 308

The highest share of Decatur City, Alabama apartment rentals, namely 28% or 2,385 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (20%, 1,741 units), and the ones Built 1960 - 1969 (16%, 1,408 units).

Decatur City, Alabama Renter-occupied units by year householder moved in**

Moved in 2021 or later 457
Moved in 2018 to 2020 2,963
Moved in 2010 to 2017 3,730
Moved in 2000 to 2009 1,141
Moved in 1990 to 1999 154
Moved in 1989 or earlier 117

Median year renter moved into unit 2016

Most Decatur City, Alabama renters (44%) moved in 2010 to 2017, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Decatur City, Alabama condos for rent is 2016.

Decatur City, Alabama Renter-occupied housing units by vehicles available**

No vehicle available 1,084
1 vehicle available 4,314
2 vehicles available 2,343
3 vehicles available 527
4 vehicles available 209
5 or more vehicles available 85

When it comes to transportation options, 50% of Decatur City, Alabama renters have 1 vehicle available per household, 27% of them have 2 vehicles available, and 13% have No vehicle available.

Decatur City, Alabama Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 6,955
Car, truck, or van - carpooled 808
Walked 167
Taxicab, motorcycle, bicycle, or other means 223
Worked at home 51

Decatur City, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 16,127
Moved within same county 1,851
Moved from different county within same state 583
Moved from different state 353

Decatur City, Alabama Average apartment rent by zip codes


The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Decatur City, Alabama apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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