37322, Decatur, TN

Decatur, TN is located in the southeastern region of the United States. The city has a population of around 50,000 people and is home to several colleges and universities. Home prices in Decatur have been on the rise for the past few years, reaching a peak in early 2017. At present, prices are slightly lower than they were at their peak but are still above average for the area.

The 37322 zip code covers a large area that includes parts of Decatur as well as portions of neighboring counties. As of 2016, there were a total of 4,564 homes listed for sale in this zip code. The median home price was $158,500 which was significantly higher than the median home price in both Decatur and its surrounding counties. In addition to homes for sale, there were also 1,872 properties listed as available for rent in this zip code. The average monthly rent for an apartment was $1,050 which is considerably higher than the average monthly rent across all of Tennessee (which was $717 as of 2016).

One reason why home prices have been increasing so rapidly in Decatur is that there are relatively few homes available for purchase compared to other areas of the country. In addition, many homeowners who have been living in their homes for many years are now able to sell them at a high price due to low interest rates and strong demand from buyers. While prices may be lower now than they were at their peak earlier this year, they remain high by local standards and should continue to increase over time unless there is an unforeseen decline in demand or another economic recession occurs.