Centerville, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Centerville Neighborhoods Since 2000




Centerville, IN 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 2,576 people, 997 houses or apartments, and a median cost of homes of $104,461, house prices in Centerville are solidly below the national average.

Single-family detached homes are the single most common housing type in Centerville, accounting for 80.90% of the town's housing units. Other types of housing that are prevalent in Centerville include duplexes, homes converted to apartments or other small apartment buildings ( 6.88%), large apartment complexes or high rise apartments ( 6.79%), and a few row houses and other attached homes ( 3.89%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Centerville. Owner-occupied housing accounts for 72.02% of Centerville's homes, and 60.36% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Centerville's housing was primarily built during this period, from the '40s through the '60s. A full 39.10% of the town's housing hails from this era. Other housing ages represented in Centerville include homes built between 1970-1999 ( 31.31%) and housing constructed before 1939 ( 21.09%). There's also some housing in Centerville built between 2000 and later ( 8.51%).

Centerville Home Appreciation Rates

Real estate appreciation rates in Centerville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.27% during the period.

Appreciation rates are so strong in Centerville that despite a nationwide downturn in the housing market, Centerville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Centerville appreciation rates continue to be some of the highest in America, at 11.92%, which is higher than appreciation rates in 97.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Centerville. Centerville appreciation rates in the latest quarter were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

Relative to Indiana, our data show that Centerville's latest annual appreciation rate is higher than 90% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$104,461

Centerville, IN HOME PRICES

Value Range
> $1,116,000 0.0
$837,001 - $1,116,000 0.0
$558,001 - $837,000 0.0
$446,001 - $558,000 0.0
$335,001 - $446,000 0.5
$223,001 - $335,000 4.3
$111,001 - $223,000 40.7
$56,001 - $111,000 48.3
$0 - $56,000 6.2

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
74.6513535684988 71.2669683257919

Number Of Homes And Apartments:
997

Centerville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
5.27% 0.30% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$993 / per month

Homeownership Rate

Homeownership
Owners 72.02
Renters 27.98
Vacant 9.77

Housing Market Details

 

Age of Homes

AGE OF Centerville HOMES
2000 or Newer 8.5
1970 - 1999 31.3
1940 - 1969 39.1
1939 or Older 21.1

Types of Homes

TYPE OF Centerville HOMES
Single-Family 80.9
Townhomes 3.9
Small Apt. Buildings 6.9
Apt. Complexes 6.8
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Centerville HOMES
No Bedroom 0.00
1 Bedroom 2.90
2 Bedrooms 34.84
3 Bedrooms 44.52
4 Bedrooms 15.84
5 or more bedrooms 1.90

Popular Neighborhoods in Centerville

Zip Codes in Centerville, IN