Martin Luther King, Decatur, IL
Martin Luther King — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Martin Luther King, Decatur, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Martin Luther King Neighborhood Overview
The Martin Luther King neighborhood is a residential community in Decatur, Illinois, located within the 62521 ZIP code. It offers residents a quiet, established setting with convenient access to the broader city. The area is characterized by its affordability and central location within Macon County.
Lifestyle & Amenities
Residents enjoy a lifestyle centered around local parks and community spaces. The neighborhood provides easy access to essential shopping and dining options along nearby major thoroughfares. Its location supports a balance of suburban calm and urban convenience.
Real Estate Market
The real estate market in Martin Luther King is notably affordable, with a Census median home value of $119,000. Current market data indicates an asking price per square foot of approximately $22.35. This presents a value-oriented opportunity for homebuyers and investors in the Decatur area.
Schools & Education
The neighborhood is served by the Decatur Public Schools district. Families have access to a range of public educational institutions from elementary through high school. For specific school assignments and performance data, prospective residents should consult the district's latest boundary maps and reports.
Transportation & Connectivity
Martin Luther King is well-connected by Decatur's street grid, with major routes providing quick access to downtown, employment centers, and Interstate 72. The neighborhood's layout is primarily designed for vehicular travel. Public transportation options are available through the local transit authority.
Why Choose Martin Luther King
Homebuyers choose Martin Luther King for its strong value proposition, with home prices significantly below national averages. The neighborhood's median household income of $62,955 suggests a stable, working-class community. It represents an accessible entry point to Decatur homeownership with a practical, connected location.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Martin Luther King Market Data
| Metric | Value |
|---|---|
| Median Home Price | $119K |
| Median Gross Rent | $850/mo |
| Median Household Income | $63K |
| Homeownership Rate | 73.4% |
| Renter-Occupied | 26.6% |
| Rental Vacancy Rate | 10.9% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 62521 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Martin Luther King, Decatur
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Martin Luther King, Decatur, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15