Decatur, AL home prices
Typical home $226,560 · +0.6% in a year · income needed $59,800
The Decatur, AL metro area ranks 540 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +0.6% in a year and +14.9% over five years. With 20% down at 7.11%, the typical home costs about $1,396 a month including 0.34% property tax (Morgan County rate).
Mortgage on the typical Decatur home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $45,312 | $181,248 | $1,219 | $0 | $177 | $1,396 | $59,800 |
| 10% down | $22,656 | $203,904 | $1,372 | $85 | $177 | $1,634 | $70,000 |
| 5% down | $11,328 | $215,232 | $1,448 | $90 | $177 | $1,715 | $73,500 |
| 3.5% down (FHA) | $7,930 | $222,457 | $1,496 | $100 | $177 | $1,774 | $76,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.34% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Decatur area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Morgan County, AL | $227,725 | +0.7% | 0.34% |
| Lawrence County, AL | $220,468 | +0.5% | 0.29% |
What can you afford in Alabama on your salary? · Alabama home prices · Salaries in Alabama
Frequently asked questions
How much is a house in Decatur?
The typical home in the Decatur, AL metro area is worth $226,560 (Zillow, September 2026).
What salary do you need to buy a house in Decatur?
About $59,800 a year for the typical home with 20% down at 7.11%.