Centre, AL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Centre Housing Market Information

With 3,542 people, 1,564 houses or apartments, and a median cost of homes of $205,532, Centre real estate is some of the most expensive in Alabama, although Centre home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Centre, accounting for 69.53% of the city's housing units. Other types of housing that are prevalent in Centre include large apartment complexes or high rise apartments ( 11.30%), duplexes, homes converted to apartments or other small apartment buildings ( 11.15%), and a few mobile homes or trailers ( 7.06%).

The most prevalent building size and type in Centre are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.17% owning and 42.83% renting.

There is a lot of housing in Centre built from 1970 to 1999 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 Centre built between 1940-1969 ( 33.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.24%). There's also some housing in Centre built before 1939 ( 3.58%).

Vacant housing appears to be an issue in Centre. Fully 21.09% of the housing stock is classified as vacant. Left unchecked, vacant Centre homes and apartments can be a drag on the real estate market, holding Centre real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Centre Home Appreciation Rates

Centre's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Centre during the period has been just 1.76%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Centre's appreciation rate, at 4.82%, has been at or slightly above the national average. In the latest quarter, Centre's appreciation rate has been 1.49%, which annualizes to a rate of 6.11%.

Relative to Alabama, our data show that Centre's latest annual appreciation rate is higher than 50% of the other cities and towns in Alabama.

Average Home Values

 
info

Median Home Value:
$205,532

Centre, AL HOME PRICES

> $1,193,000
0.0%
0.0%
$894,001 - $1,193,000
0.8%
0.8%
$596,001 - $894,000
4.4%
4.4%
$477,001 - $596,000
1.2%
1.2%
$358,001 - $477,000
10.7%
10.7%
$238,001 - $358,000
14.7%
14.7%
$120,001 - $238,000
35.3%
35.3%
$60,001 - $120,000
19.5%
19.5%
$0 - $60,000
13.3%
13.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for AL

Value Relative To Nation

Number Of Homes And Apartments:
1,564

Centre Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
57.06% 2.20%
7
4
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$765 / per month

Homeownership Rate

Owners
57.2%
57.2%
Renters
42.8%
42.8%
Vacant
21.1%
21.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
15.2%
15.2%
1970 - 1999
47.8%
47.8%
1940 - 1969
33.4%
33.4%
1939 or Older
3.6%
3.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.5%
69.5%
Townhomes
1.0%
1.0%
Small Apt. Buildings
11.2%
11.2%
Apt. Complexes
11.3%
11.3%
Mobile Homes
7.1%
7.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.0%
2.0%
1 Bedroom
7.5%
7.5%
2 Bedrooms
34.0%
34.0%
3 Bedrooms
42.9%
42.9%
4 Bedrooms
11.4%
11.4%
5 or more bedrooms
2.3%
2.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Centre

Zip Codes in Centre, AL