Decatur, IL Federal Housing Finance Agency Home Price Index (FHFA HPI)

Decatur, IL, is a city located in the central part of the U.S. state of Illinois. It is the county seat of Macon County and a component of the Decatur metropolitan area, which includes all of Macon County and had a 2017 estimated population of 72,122. The city was founded in 1829 and was named after Stephen Decatur, Jr., a United States Navy commodore who served during the War of 1812 and the Second Barbary War.

Decatur is home to two major public universities: Millikin University and Richland Community College. The city also has many private schools, including MacArthur High School, Decatur Lutheran School, St. Teresa High School, and Our Lady of Lourdes Catholic School.

The median home value in Decatur is $106,700 as of September 2019 according to Zillow.com . This is a decrease from $110,000 one year ago but an increase from $103,500 five years ago. Home values have risen steadily over the past few years but have not yet reached their pre-recession peak value of $115,000 set in June 2007 .

The median list price per square foot in Decatur is $89 , which is lower than the Illinois average of $151 . The median price of homes currently listed in Decatur is $119 ,900 while the median price of homes that sold is $106 .

The Federal Housing Finance Agency (FHFA) House Price Index for Decatur shows that home prices have increased by 2% from Q1 2019 to Q2 2019 . This index measures changes in single-family house prices by purchase type (new or existing), by loan type (conventional or government-backed), and by region .

According to Realtor.com , "the number of sales transactions fell 1 percent compared with last year" but "the median sale price rose 3 percent to reach $105000." Low mortgage rates are credited with driving up prices as buyers can afford more expensive homes while still keeping their monthly payments low .

Overall, home equity and prices seem to be on the rise in Decatur although there has been some volatility recently due to changing interest rates and economic conditions .