In Decatur, a typical home is worth $284,500 and typical rent is $1,024 a month. Compared with all of Wise County, typical household income is 22% lower, typical rent is 21% lower, and the share of households that own their home is 10 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $375,876 to $434,705.
Typical rent
$1,402a month
▼ 2.7% less than 12 months ago
Typical rent from Zillow, March 2025 to September 2026: from $1,436 to $1,402.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Decatur is in Wise County. The FHA loan limit ($563,500 for a one-unit home), the fair market rents and the help on this page are those of all of Wise County. See the county
What this place has that others do not, from public data, most unusual first.
1
Decatur has the 18th smallest share of rent-burdened renters of the 356 cities in Texas with more than 5,000 people (37%).
2
The typical household income in Decatur is $73,179,22% less than in Wise County as a whole ($93,421).
3
The typical rent in Decatur is $1,024 a month, 21% less than in Wise County as a whole ($1,299).
4
71% of households in Decatur own their home, against 81% in Wise County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Decatur
What homes there are in Decatur, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Decatur
Wise County
Texas
United States
Kind of home: Decatur and its comparisons
Measure
Decatur
Wise County
Texas
United States
Detached house
74%
71%
64%
61%
Attached house
Unreliable estimate
1%
3%
6%
Building of 2 to 4
Unreliable estimate
3%
5%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
21%
19%
Mobile home
Unreliable estimate
22%
6%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Decatur, 7 in 10 homes are single-family detached houses; in Wise County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or later
Decatur
Wise County
Texas
United States
Year built: Decatur and its comparisons
Measure
Decatur
Wise County
Texas
United States
Before 1960
23%
11%
12%
26%
1960–1979
15%
15%
21%
24%
1980–1999
32%
32%
28%
25%
2000–2009
15%
19%
18%
14%
2010 or later
15%
24%
21%
11%
The typical home in Decatur was built in 1988, 8 years before the typical one in Wise County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200K17%
$200K–$300K31%
$300K–$500K36%
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Decatur and its comparisons
Measure
Decatur
Under $100K
Unreliable estimate
$100K–$200K
17%
$200K–$300K
31%
$300K–$500K
36%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,49923%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Decatur and its comparisons
Measure
Decatur
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
23%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$1,749 a month
Wise County: $2,153 a month
Without a mortgage
$717 a month
Wise County: $653 a month
Owners with a mortgage
55%
Wise County: 56%
The typical cost for an owner with a mortgage in Decatur is $1,749 a month, less than in Wise County ($2,153); without one, $717.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Decatur+82%
Wise County+79%
Texas+65%
United States+53%
Typical rent
DecaturNo clear change
Wise County+35%
Texas+34%
United States+33%
Typical household income
Decatur+22%
Wise County+45%
Texas+27%
United States+29%
Change since 2015–2019: Decatur and its comparisons
Measure
Decatur
Wise County
Texas
United States
Typical home value
+82%
+79%
+65%
+53%
Typical rent
No clear change
+35%
+34%
+33%
Typical household income
+22%
+45%
+27%
+29%
Much as in Wise County, the typical home value in Decatur rose 82% since 2015–2019.
Rent in Decatur moved so little since 2015–2019 that the Census cannot say whether it rose or fell.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Decatur and its comparisons
Measure
Decatur
Wise County
Texas
United States
Rental vacancy
Unreliable estimate
6.5%
7.7%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.1%
0.9%
More than one person per room
Unreliable estimate
4.7%
4.8%
3.4%
People per household
2.36
2.94
2.69
2.53
Drive alone
85%
76%
71%
69%
Carpool
Unreliable estimate
10%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
9%
12%
14%
15%
Other means
Unreliable estimate
1%
2%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
Fewer people live in each home here: 2.36 on average, against 2.94 in Wise County.
In Decatur, 85% of workers drive alone to work; in Wise County, 76%.
Do the math
What would you pay each month for a home in Decatur?
A typical home costs more than the typical income allows
We start with a typical home in Decatur, worth $284,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 40% of the typical household income in Decatur, which is $73,179 a year. For that payment to be 28% of income, a household would need to earn about $104,581 a year.
The calculator's FHA and conventional loan limits are those of all of Wise County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Decatur. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $9,958 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,440
at 7.18% · 30 years
Loan amount
$279,346
Total interest
$401,914
Paid off in
November 2056
Includes $4,804 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,708 a month
Tight
$1,708 to $2,195 a month
Hard
more than $2,195 a month
Your payment · 40%
Compared with the typical household income in Decatur ($73,179 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,892
Property tax
$304
Home insurance
$119
FHA mortgage insurance (MIP)
$126
You need at least $9,958 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,440; principal and interest $1,892.
The city and its county
Decatur and Wise County
Decatur is in Wise County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Decatur
Map of Wise County, Texas, with Decatur marked. Around it, the neighboring counties.
Decatur
Wise County
Other cities with a page
Decatur's own numbers
Typical home value
$284,500
Typical monthly rent
$1,024
Typical yearly household income
$73,179
Households that own their home
71%
Effective property tax rate
1.28%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Wise County
FHA limit, one-unit home
$563,500
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,164
Price change over 5 years (FHFA)
+50%
Homes in a high flood-risk zone
2.2%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Wise County.
A typical home in Decatur is worth $284,500: 7% below the county and about the same as Texas. With the typical household income in Decatur ($73,179 a year), a typical home costs 3.9 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Decatur3.9 years
Wise3.3 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Wise County
According to FHFA’s house price index, home prices in Wise County rose 111% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Wise County.
Yearly change in FHFA’s price index in Wise County, 2016 to 2025
2016: +6.7% +6.7% 2016
2017: +8.9% +8.9% 2017
2018: +10.1% +10.1% 2018
2019: +5.7% +5.7% 2019
2020: +4.1% +4.1% 2020
2021: +14.2% +14.2% 2021
2022: +20.4% +20.4% 2022
2023: +5.3% +5.3% 2023
2024: +2.6% +2.6% 2024
2025: +0.7% +0.7% 2025
Change in FHFA’s price index in Wise County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
+0.7%
+0.8%
+2.9%
5 years (2020–2025)
+50%
+44%
+47%
10 years (2015–2025)
+111%
+88%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Decatur next to Wise County, Texas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Decatur$284,500
Wise$304,900
Texas$283,800
United States$332,700
Typical monthly rent
Decatur$1,024
Wise$1,299
Texas$1,403
United States$1,413
Typical yearly household income
Decatur$73,179
Wise$93,421
Texas$78,476
United States$80,734
See the full table
Decatur next to Wise County and Texas
Measure
Decatur
Wise County
Texas
U.S.
Typical home value
$284,500 ▼7% below the county
$304,900
$283,800
$332,700
Typical monthly rent
$1,024 ▼21% below the county
$1,299
$1,403
$1,413
Typical yearly household income
$73,179 ▼22% below the county
$93,421
$78,476
$80,734
Households that own their home
71% ▼10 points below the county
81%
63%
65%
Typical yearly property tax
$3,645 ▲5% above the county
$3,466
$4,232
$3,119
Effective property tax rate
1.28% ▲0.14 points above the county
1.14%
1.49%
0.94%
Renters with high rent for their income
37% ▼4 points below the county
41%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Wise County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Decatur
For a typical $284,500 home in Decatur, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Decatur's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,440a month
Least cash to close
Down payment
$9,958
Cash to close
$18,493
Rate
7.18%
Mortgage insurance
FHA MIP · $126
Conventional, 5% down$2,388a month
Down payment
$14,225
Cash to close
$22,760
Rate
7.18%
Mortgage insurance
PMI · $135
Conventional, 20% down, no PMI$1,964a month
Down payment
$56,900
Cash to close
$65,435
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,227a month
Down payment
$42,675
Cash to close
$51,210
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Decatur
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,440
$9,958
$279,347
7.18%
FHA MIP · $126
$18,493
580
Conventional, 5% down
$2,388
$14,225
$270,275
7.18%
PMI · $135
$22,760
620*
Conventional, 20% down, no PMI
$1,964
$56,900
$227,600
7.18%
None
$65,435
620*
ITIN, 15% down (example)
$2,227
$42,675
$241,825
8.18%
None
$51,210
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Decatur is $1,024 a month: 21% below the county. In Decatur, 37% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Wise County, by unit size. To pay the 2-bedroom one ($1,164 a month) without spending more than 30% of your income, you would need to earn $22.38 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Wise County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$886
$17.04
$35,440
1 bedroom
$892
$17.15
$35,680
2 bedrooms
$1,164
$22.38
$46,560
3 bedrooms
$1,612
$31.00
$64,480
4 bedrooms
$1,916
$36.85
$76,640
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Decatur
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Decatur is in ZIP code 76234.
For 2 bedrooms it is $1,160: $4 less than the fair market rent for Wise County ($1,164).
Fair market rent by ZIP code and size in Decatur, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
76234
$890
$890
$1,160
$1,610
$1,910
ZIP code2 bd3 bd
76234 $1,160$1,610
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Decatur when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 2 buildings with rents for lower incomes in Decatur. These are the largest.
Eagles Ridge Terrace1500 S State St, Decatur 7623490 homes, 89 low-income · 1 bd: 32 · 2 bd: 50 · 3 bd: 8 · In service since 2000
Legacy Trails of DecaturEast of Buchanan on FM 51, Decatur 7623470 homes, 41 low-income · For older adults, people with disabilities, families, people experiencing homelessness
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Wise County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Decatur or Wise County. The ones below are statewide in Texas: they work in Decatur the same as in the rest of the state.
Texas state program for first-time buyers: a 30-year mortgage with down payment assistance.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state program with down payment assistance for any buyer, not only first-time buyers.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return.Offered by Texas Department of Housing and Community Affairs (TDHCA).
No legal help resource on our list is for Decatur or Wise County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Decatur and all of Wise County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Decatur?
The typical home value in Decatur is $284,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Wise County it is $304,900.
How much does it cost to rent in Decatur?
Typical rent in Decatur is $1,024 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Wise County is $1,164.
What is the FHA loan limit in Decatur?
Decatur uses the FHA limit for all of Wise County (2026): $563,500 for a one-unit home and $1,083,650 for a four-unit home.
How much property tax do owners pay in Decatur?
The typical homeowner in Decatur pays $3,645 a year, according to the U.S. Census Bureau. That is 1.28% of the home’s value; in Wise County, the rate is 1.14%.
Where can I find free help to buy or rent in Decatur?
We found no HUD-approved counseling agencies with an office in Wise County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
