Centerville, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Centerville Neighborhoods Since 2000




Centerville, IA 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

Centerville Housing Market Information

With 5,372 people, 2,443 houses or apartments, and a median cost of homes of $72,753, house prices in Centerville are some of the most affordable in Iowa as well as the nation.

Single-family detached homes are the single most common housing type in Centerville, accounting for 72.05% of the city's housing units. Other types of housing that are prevalent in Centerville include large apartment complexes or high rise apartments ( 13.82%), duplexes, homes converted to apartments or other small apartment buildings ( 10.13%), and a few mobile homes or trailers ( 2.43%).

People in Centerville primarily live in small (one, two or no bedroom) single-family detached homes. Centerville has a mixture of owner-occupied and renter-occupied housing.

The housing in Centerville was primarily built before 1939 ( 39.84%), making the housing stock in Centerville some of the oldest overall in America, although there is a range of ages of homes in Centerville. The next most important housing age is between 1940-1969 ( 32.96%), followed by between 1970-1999 ( 24.30%). There's also some housing in Centerville built between 2000 and later ( 2.90%).

Vacant housing appears to be an issue in Centerville. Fully 12.56% of the housing stock is classified as vacant. Left unchecked, vacant Centerville homes and apartments can be a drag on the real estate market, holding Centerville 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.

Centerville Home Appreciation Rates

In the last 10 years, Centerville has experienced some of the highest home appreciation rates of any community in the nation. Centerville real estate appreciated 22.36% over the last ten years, which is an average annual home appreciation rate of 2.04%, putting Centerville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Centerville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Centerville's appreciation rate, at 4.65%, has been at or slightly above the national average. In the latest quarter, Centerville's appreciation rate has been 0.99%, which annualizes to a rate of 4.00%.

Relative to Iowa, our data show that Centerville's latest annual appreciation rate is higher than 70% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$72,753

Centerville, IA HOME PRICES

Value Range
> $1,091,000 0.0
$818,001 - $1,091,000 0.0
$545,001 - $818,000 0.3
$436,001 - $545,000 0.4
$327,001 - $436,000 1.7
$218,001 - $327,000 3.9
$109,001 - $218,000 19.6
$55,001 - $109,000 46.6
$0 - $55,000 27.5

Very Low for IA
Very Low for Nation

Value Relative to Nation Value Relative to State
94.0642212586429 96.7901234567901

Number Of Homes And Apartments:
2,443

Centerville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
52.72% 2.48% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$730 / per month

Homeownership Rate

Homeownership
Owners 56.26
Renters 43.74
Vacant 12.56

Housing Market Details

 

Age of Homes

AGE OF Centerville HOMES
2000 or Newer 2.9
1970 - 1999 24.3
1940 - 1969 33.0
1939 or Older 39.8

Types of Homes

TYPE OF Centerville HOMES
Single-Family 72.0
Townhomes 1.6
Small Apt. Buildings 10.1
Apt. Complexes 13.8
Mobile Homes 2.4
Other 0.0

Home Size

SIZE OF Centerville HOMES
No Bedroom 1.97
1 Bedroom 20.65
2 Bedrooms 36.51
3 Bedrooms 31.28
4 Bedrooms 7.77
5 or more bedrooms 1.83

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Zip Codes in Centerville, IA