Centerville appreciation rates and housing market information

Centerville housing market information

With 14,371 people, 4,238 houses or apartments, and a median cost of homes of $307,901, Centerville real estate prices are well above average cost compared to national prices.

Centerville is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Centerville than is found in 99.33% of the communities in America.

And, as is not surprising, these large homes are primarily owner-occupied (86.17%).

There is a lot of housing in Centerville built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Centerville built from 1940-1969 (15.97%). A lesser amount of the housing stock also hails from 1995 and later (14.16%), and some were built from 1939 and earlier (14.16%).

Centerville home appreciation rates

Centerville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Centerville during the period has been just 5.89%, which is lower than % of US communities.

Over the last year, Centerville appreciation rates have trailed the rest of the nation. In the last twelve months, Centerville's appreciation rate has been -0.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Centerville were at -0.72%, which equates to an annual appreciation rate of -2.88%.

Notably, Centerville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Utah, our data show that Centerville's latest annual appreciation rate is higher than 77% of the other cities and towns in Utah.