Centreville, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Centreville Neighborhoods Since 2000




Centreville, MS Real Estate Data


Centreville Housing Market Information

With 1,560 people, 672 houses or apartments, and a median cost of homes of $72,167, house prices in Centreville are some of the most affordable in Mississippi as well as the nation.

Single-family detached homes are the single most common housing type in Centreville, accounting for 69.40% of the town's housing units. Other types of housing that are prevalent in Centreville include mobile homes or trailers ( 16.13%), duplexes, homes converted to apartments or other small apartment buildings ( 10.50%), and a few large apartment complexes or high rise apartments ( 3.97%).

The most prevalent building size and type in Centreville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.49% owning and 37.51% renting.

There is a lot of housing in Centreville 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 Centreville built between 1940-1969 ( 29.45%). A lesser amount of the housing stock also hails from before 1939 ( 21.51%). There's also some housing in Centreville built between 2000 and later ( 3.07%).

Vacant housing appears to be an issue in Centreville. Fully 13.96% of the housing stock is classified as vacant. Left unchecked, vacant Centreville homes and apartments can be a drag on the real estate market, holding Centreville 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.

Centreville Home Appreciation Rates

In the last 10 years, Centreville has experienced some of the highest home appreciation rates of any community in the nation. Centreville real estate appreciated 22.55% over the last ten years, which is an average annual home appreciation rate of 2.05%, putting Centreville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Centreville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Centreville that despite a nationwide downturn in the housing market, Centreville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Centreville appreciation rates continue to be some of the highest in America, at 5.82%, which is higher than appreciation rates in 71.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Centreville. Centreville appreciation rates in the latest quarter were at 1.35%, which equates to an annual appreciation rate of 5.52%.

Relative to Mississippi, our data show that Centreville's latest annual appreciation rate is higher than 80% of the other cities and towns in Mississippi.

Average Home Values

 

Median Home Value:
$72,167

Centreville, MS HOME PRICES

Value Range
> $1,114,000 0.8
$836,001 - $1,114,000 0.0
$557,001 - $836,000 1.0
$446,001 - $557,000 0.0
$334,001 - $446,000 0.8
$223,001 - $334,000 5.5
$111,001 - $223,000 18.9
$56,001 - $111,000 36.0
$0 - $56,000 37.1

Very Low for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
94.8410142296656 80.8163265306122

Number Of Homes And Apartments:
672

Rent & Ownership

 

Average Market Rent:
$656 / per month

Homeownership Rate

Homeownership
Owners 62.49
Renters 37.51
Vacant 13.96

Housing Market Details

 

Age of Homes

AGE OF Centreville HOMES
2000 or Newer 3.1
1970 - 1999 46.0
1940 - 1969 29.4
1939 or Older 21.5

Types of Homes

TYPE OF Centreville HOMES
Single-Family 69.4
Townhomes 0.0
Small Apt. Buildings 10.5
Apt. Complexes 4.0
Mobile Homes 16.1
Other 0.0

Home Size

SIZE OF Centreville HOMES
No Bedroom 0.77
1 Bedroom 7.43
2 Bedrooms 31.50
3 Bedrooms 48.14
4 Bedrooms 10.76
5 or more bedrooms 1.41

Centreville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
49.52% 2.39% 8 6
* 10 is highest

Popular Neighborhoods in Centreville

Popular Communities Near Centreville, MS

Zip Codes in Centreville, MS