Metropolitan Statistical Area (MSA):
Decatur, IN is a Metropolitan Statistical Area (MSA) comprising counties including .
Decatur, IN is a city in Adams County, Indiana, United States. The population was 9,405 at the 2010 census. The city is the county seat of Adams County. Decatur is home to two major hospitals, Adams Memorial Hospital and St. Mary's Medical Center. The Decatur metropolitan statistical area (MSA) includes all of Adams County with a population of 36,634 as of 2010.
The Decatur MSA has seen an increase in housing prices over the past year due to low inventory and high demand. The average sale price of a home in the Decatur MSA was $129,000 in 2016, up from $115,000 in 2015. The number of homes sold also increased from 2015 to 2016, from 462 to 532.
The trend in housing prices is expected to continue upward in the Decatur MSA as more people are moving to the area for work and retirement. The low interest rates are also attracting buyers who may have been on the fence about purchasing a home. With limited land available for new construction, existing home prices are likely to continue to rise as demand remains high.