Compare Decatur, GA mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Decatur.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Decatur. Plus, shopping lenders is free and there is no obligation.
August 2, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Decatur. Understand how much you need to earn to afford a home in Decatur, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Decatur fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Decatur is right for you.
The median home value for Decatur, GA (Decatur County) is $345,680
Based on current mortgage rates and a 10% down payment, you need to make $72,114 per year to buy the median priced home in Decatur
With this income, you could qualify for a $311,112 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Decatur is $1,670
The median household income for Decatur, GA (Decatur County) is $72,021
Based on this income, you can afford a home valued at approximately $345,234
The home price you can afford to buy based on household income in Decatur is 100% of the median home value which means housing prices are expensive. Decatur (Decatur County) ranks 153 out of 159 counties in Georgia and 2,806 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Decatur, GA is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Decatur (Decatur County) below.
Conforming loan limits for Decatur, GA
FHA loan limits for Decatur, GA