Land Foreclosures in Decatur, IL 62522

Current Market Conditions in Decatur, IL

The real estate market in Decatur is currently showing signs of stability with modest growth. Home prices have remained relatively steady, but are anticipated to rise gradually as the area continues to develop, especially with increased interest in suburban living post-pandemic.

Properties in Decatur are selling at competitive prices, making it a great time for first-time buyers and investors. The demand for housing has prompted builders to consider new projects, further indicating the city’s appeal and growth potential.

Rent Prices In Decatur, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Decatur, IL, is on a rollercoaster ride. The average rent price in Decatur, IL, is $1,004.00. Indeed, when looking to rent in Decatur, IL, you can expect to pay as little as $430.00 or as much as $2,520.00, with the average rent median estimated to be $960.00. The good news is that finding an affordable and desirable property to rent in Decatur, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.