Centre, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Centre Neighborhoods Since 2000




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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Centre Housing Market Information

With a population of 3,570, 1,545 total housing units (homes and apartments), and a median house value of $145,707, 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 Home Appreciation Rates

Real estate appreciation rates in Centre's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.30% during the period.

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 0.37%, 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 0.55%, which equates to an annual appreciation rate of 2.22%.

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.

Average Home Values

 

Median Home Value:
$145,707

Centre, AL HOME PRICES

Value Range
> $1,019,000 0.0
$765,001 - $1,019,000 0.5
$509,001 - $765,000 4.6
$408,001 - $509,000 4.7
$306,001 - $408,000 3.9
$204,001 - $306,000 17.0
$102,001 - $204,000 26.5
$51,001 - $102,000 25.6
$0 - $51,000 17.4

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
51.8340560178132 17.75

Number Of Homes And Apartments:
1,545

Centre Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
30.77% 1.57% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$916 / per month

Homeownership Rate

Homeownership
Owners 54.92
Renters 45.08
Vacant 17.73

Housing Market Details

 

Age of Homes

AGE OF Centre HOMES
2000 or Newer 15.0
1970 - 1999 43.8
1940 - 1969 29.7
1939 or Older 11.6

Types of Homes

TYPE OF Centre HOMES
Single-Family 71.1
Townhomes 0.7
Small Apt. Buildings 11.7
Apt. Complexes 10.1
Mobile Homes 6.3
Other 0.0

Home Size

SIZE OF Centre HOMES
No Bedroom 0.91
1 Bedroom 10.22
2 Bedrooms 28.86
3 Bedrooms 40.73
4 Bedrooms 17.94
5 or more bedrooms 1.33

Popular Neighborhoods in Centre

Zip Codes in Centre, AL