Centreville, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Centreville Neighborhoods Since 2000




Centreville, MD 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

Centreville Housing Market Information

With a population of 4,627, 1,665 total housing units (homes and apartments), and a median house value of $403,930, real estate costs in Centreville are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in Centreville, accounting for 80.48% of the town's housing units. Other types of housing that are prevalent in Centreville include duplexes, homes converted to apartments or other small apartment buildings ( 10.09%), large apartment complexes or high rise apartments ( 6.92%), and a few row houses and other attached homes ( 2.51%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Centreville. Owner-occupied housing accounts for 72.50% of Centreville's homes, and 61.63% have either three or four bedrooms, which is average sized relative to America.

Centreville homes and real estate are some of the newest in America. 49.64% of Centreville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Centreville real estate market has to offer. Quite a bit of the housing here was also built before 1939 ( 20.13%), and between 1970-1999 ( 16.73%). There's also some housing in Centreville built between 1940-1969 ( 13.50%).

Centreville Home Appreciation Rates

Homes have actually lost value in Centreville over the last then years, as home values have seen a decline of 26.39% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Centreville home appreciation rates at -0.51%, which equates to an annual appreciation rate of -2.03%.

Over the last year, Centreville appreciation rates have trailed the rest of the nation. In the last twelve months, Centreville's appreciation rate has been 0.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Centreville were at -0.51%, which equates to an annual appreciation rate of -2.03%.

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

Average Home Values

 

Median Home Value:
$403,930

Centreville, MD HOME PRICES

Value Range
> $1,032,000 3.2
$774,001 - $1,032,000 1.6
$516,001 - $774,000 18.3
$413,001 - $516,000 19.6
$309,001 - $413,000 31.1
$206,001 - $309,000 17.4
$103,001 - $206,000 7.6
$52,001 - $103,000 0.6
$0 - $52,000 0.7

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
9.32848939411696 22.1374045801527

Number Of Homes And Apartments:
1,665

Centreville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
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
41.59% 2.04% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,365 / per month

Homeownership Rate

Homeownership
Owners 72.50
Renters 27.50
Vacant 7.14

Housing Market Details

 

Age of Homes

AGE OF Centreville HOMES
2000 or Newer 49.6
1970 - 1999 16.7
1940 - 1969 13.5
1939 or Older 20.1

Types of Homes

TYPE OF Centreville HOMES
Single-Family 80.5
Townhomes 2.5
Small Apt. Buildings 10.1
Apt. Complexes 6.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Centreville HOMES
No Bedroom 0.00
1 Bedroom 11.77
2 Bedrooms 17.68
3 Bedrooms 30.95
4 Bedrooms 30.67
5 or more bedrooms 8.92