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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Centralia, MO Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Centralia, MO Housing Market Trends

With a population of 4,679, 1,923 total housing units (homes and apartments), and a median house value of $201,419, 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 73.69% 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 ( 18.73%), row houses and other attached homes ( 2.89%), and a few mobile homes or trailers ( 2.45%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Centralia. Owner-occupied housing accounts for 66.44% of Centralia's homes, and 62.54% have either three or four bedrooms, which is average sized relative to America.

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 ( 21.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.05%). There's also some housing in Centralia built before 1939 ( 16.48%).

Centralia Home Appreciation Rates

Real estate appreciation rates in Centralia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.80% during the period.

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 7.25%, which is higher than appreciation rates in 76.48% 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 -1.69%, which equates to an annual appreciation rate of -6.58%.

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

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

$201,419

Centralia, MO Home Prices
> $1,292,000
$969,001 - $1,292,000
$646,001 - $969,000
$517,001 - $646,000
$387,001 - $517,000
$258,001 - $387,000
$129,001 - $258,000
$64,001 - $129,000
$0 - $64,000
0.0%
0.0%
0.0%
0.0%
1.6%
1.6%
2.9%
2.9%
4.9%
4.9%
17.9%
17.9%
46.2%
46.2%
13.2%
13.2%
13.3%
13.3%
0% 100.0%
% of Homes
Low

for Missouri

Low

for nation

Number of Homes And Apartments:

1,923

Centralia Appreciation Rates

Rent & Ownership

Average Market Rent:

$979 / per month

Homeownership Rate

Owners
Renters
66.4%
66.4%
33.6%
33.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.0%
6.0%
94.0%
94.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.0%
20.0%
42.4%
42.4%
21.1%
21.1%
16.5%
16.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.7%
73.7%
2.9%
2.9%
18.7%
18.7%
2.2%
2.2%
2.4%
2.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.2%
4.2%
7.0%
7.0%
24.1%
24.1%
58.6%
58.6%
4.0%
4.0%
2.2%
2.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Centralia

Popular Communities Near Centralia, MO

Zip Codes in Centralia, MO