Centralia, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Centralia, MO 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

Centralia Housing Market Information

With 4,194 people, 1,915 houses or apartments, and a median cost of homes of $120,807, house prices in Centralia are solidly below the national average.

Single-family detached homes are the single most common housing type in Centralia, accounting for 76.08% of the city's housing units. Other types of housing that are prevalent in Centralia include duplexes, homes converted to apartments or other small apartment buildings ( 17.34%), large apartment complexes or high rise apartments ( 4.58%), and a few mobile homes or trailers ( 1.46%).

The most prevalent building size and type in Centralia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.35% owning and 35.65% renting.

There is a lot of housing in Centralia 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 Centralia built between 1940-1969 ( 31.76%). A lesser amount of the housing stock also hails from before 1939 ( 11.20%). There's also some housing in Centralia built between 2000 and later ( 10.57%).

Centralia Home Appreciation Rates

Appreciation rates for homes in Centralia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.06%, which ranks in the top 30% nationwide. This equates to an annual average Centralia house appreciation rate of 1.05%.

Appreciation rates are so strong in Centralia that despite a nationwide downturn in the housing market, Centralia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Centralia appreciation rates continue to be some of the highest in America, at 6.93%, which is higher than appreciation rates in 80.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Centralia. Centralia appreciation rates in the latest quarter were at 1.25%, which equates to an annual appreciation rate of 5.08%.

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

Average Home Values

 

Median Home Value:
$120,807

Centralia, MO HOME PRICES

Value Range
> $1,126,000 0.0
$845,001 - $1,126,000 0.0
$563,001 - $845,000 1.3
$450,001 - $563,000 0.9
$338,001 - $450,000 0.6
$225,001 - $338,000 8.3
$113,001 - $225,000 39.0
$56,001 - $113,000 42.1
$0 - $56,000 7.7

Average for MO
Low for Nation

Value Relative to Nation Value Relative to State
64.924411109809 51.2

Number Of Homes And Apartments:
1,915

Centralia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
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
47.13% 2.26% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$716 / per month

Homeownership Rate

Homeownership
Owners 64.35
Renters 35.65
Vacant 6.72

Housing Market Details

 

Age of Homes

AGE OF Centralia HOMES
2000 or Newer 10.6
1970 - 1999 46.5
1940 - 1969 31.8
1939 or Older 11.2

Types of Homes

TYPE OF Centralia HOMES
Single-Family 76.1
Townhomes 0.5
Small Apt. Buildings 17.3
Apt. Complexes 4.6
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Centralia HOMES
No Bedroom 2.58
1 Bedroom 10.86
2 Bedrooms 28.11
3 Bedrooms 53.63
4 Bedrooms 4.34
5 or more bedrooms 0.49

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Zip Codes in Centralia, MO