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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 3,570 people, 1,545 houses or apartments, and a median cost of homes of $149,101, Centre real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Centre, accounting for 71.09% of the city's housing units. Other types of housing that are prevalent in Centre include duplexes, homes converted to apartments or other small apartment buildings ( 11.71%), large apartment complexes or high rise apartments ( 10.12%), and a few mobile homes or trailers ( 6.34%).
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 54.92% owning and 45.08% 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 ( 29.71%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.96%). There's also some housing in Centre built before 1939 ( 11.55%).
Vacant housing appears to be an issue in Centre. Fully 17.73% 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'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 -0.56%, which is lower than 70% of US communities.
Over the last year, Centre appreciation rates have trailed the rest of the nation. In the last twelve months, Centre's appreciation rate has been 2.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Centre were at 2.19%, which equates to an annual appreciation rate of 9.03%.
Importantly, this makes Centre one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Alabama, our data show that Centre's latest annual appreciation rate is lower than 70% of the other cities and towns in Alabama.
|$782,001 - $1,043,000||0.5|
|$521,001 - $782,000||4.6|
|$417,001 - $521,000||4.7|
|$313,001 - $417,000||3.9|
|$209,001 - $313,000||17.0|
|$104,001 - $209,000||26.5|
|$52,001 - $104,000||25.6|
|$0 - $52,000||17.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
2000 Q1 - 2017 Q3
|* 10 is highest|
|AGE OF Centre HOMES|
|2000 or Newer||15.0|
|1970 - 1999||43.8|
|1940 - 1969||29.7|
|1939 or Older||11.6|
|TYPE OF Centre HOMES|
|Small Apt. Buildings||11.7|
|SIZE OF Centre HOMES|
|5 or more bedrooms||1.33|