Centerville, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Centerville, OH Real Estate Data


Centerville Housing Market Information

With a population of 23,882, 10,742 total housing units (homes and apartments), and a median house value of $192,521, Centerville real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Centerville, accounting for 59.14% of the city's housing units. Other types of housing that are prevalent in Centerville include large apartment complexes or high rise apartments ( 20.28%), row houses and other attached homes ( 11.48%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.10%).

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 69.02% of Centerville's homes, and 57.52% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Centerville 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 Centerville built between 1940-1969 ( 27.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.15%). There's also some housing in Centerville built before 1939 ( 1.77%).

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 0.00% during the period.

NeighborhoodScout's data show that during the latest twelve months, Centerville's appreciation rate, at 4.69%, has been at or slightly above the national average. In the latest quarter, Centerville's appreciation rate has been 0.28%, which annualizes to a rate of 1.14%.

Relative to Ohio, our data show that Centerville's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Centerville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Centerville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Centerville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$192,521

Centerville, OH HOME PRICES

Value Range
> $1,094,000 0.1
$820,001 - $1,094,000 0.0
$547,001 - $820,000 1.7
$438,001 - $547,000 2.4
$328,001 - $438,000 7.1
$219,001 - $328,000 23.9
$110,001 - $219,000 51.4
$55,001 - $110,000 10.5
$0 - $55,000 2.6

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
33.8509316770186 15.748031496063

Number Of Homes And Apartments:
10,742

Rent & Ownership

 

Average Market Rent:
$1,020 / per month

Homeownership Rate

Homeownership
Owners 69.02
Renters 30.98
Vacant 5.00

Housing Market Details

 

Age of Homes

AGE OF Centerville HOMES
2000 or Newer 9.2
1970 - 1999 61.6
1940 - 1969 27.5
1939 or Older 1.8

Types of Homes

TYPE OF Centerville HOMES
Single-Family 59.1
Townhomes 11.5
Small Apt. Buildings 9.1
Apt. Complexes 20.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Centerville HOMES
No Bedroom 0.46
1 Bedroom 8.13
2 Bedrooms 30.71
3 Bedrooms 35.16
4 Bedrooms 22.36
5 or more bedrooms 3.18

Centerville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
16.52% 0.89% 7 2
* 10 is highest