Decatur, IL home prices
Typical home $124,660 · +4.2% in a year · income needed $40,900
The Decatur, IL metro area ranks 857 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.2% in a year and +29.7% over five years. With 20% down at 7.11%, the typical home costs about $953 a month including 2.12% property tax (Macon 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 | $24,932 | $99,728 | $671 | $0 | $282 | $953 | $40,900 |
| 10% down | $12,466 | $112,194 | $755 | $47 | $282 | $1,084 | $46,400 |
| 5% down | $6,233 | $118,427 | $797 | $49 | $282 | $1,128 | $48,400 |
| 3.5% down (FHA) | $4,363 | $122,402 | $823 | $55 | $282 | $1,161 | $49,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.12% 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 |
|---|---|---|---|
| Macon County, IL | $124,658 | +4.2% | 2.12% |
What can you afford in Illinois on your salary? · Illinois home prices · Salaries in Illinois
Frequently asked questions
How much is a house in Decatur?
The typical home in the Decatur, IL metro area is worth $124,660 (Zillow, September 2026).
What salary do you need to buy a house in Decatur?
About $40,900 a year for the typical home with 20% down at 7.11%.