Decatur City, Alabama Rental Market Trends
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
Decatur City, Alabama Average Apartment Rent
Decatur City, Alabama Apartment rent ranges
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**
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**
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**
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**
Decatur City, Alabama Renter-occupied housing units by the presence of own children**
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**
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**
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**
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**
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**
Decatur City, Alabama Geographical mobility in the past year for householders living in renter-occupied housing units**
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