Centerville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Centerville, TN 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

Centerville Housing Market Information

With 3,584 people, 1,504 houses or apartments, and a median cost of homes of $167,126, Centerville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Centerville, accounting for 76.84% of the town's housing units. Other types of housing that are prevalent in Centerville include large apartment complexes or high rise apartments ( 13.92%), mobile homes or trailers ( 7.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.44%).

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 68.12% of Centerville's homes, and 56.33% 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 ( 31.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.44%). There's also some housing in Centerville built before 1939 ( 9.66%).

Centerville Home Appreciation Rates

In the last 10 years, Centerville has experienced some of the highest home appreciation rates of any community in the nation. Centerville real estate appreciated 20.40% over the last ten years, which is an average annual home appreciation rate of 1.87%, putting Centerville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Centerville 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 Centerville that despite a nationwide downturn in the housing market, Centerville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Centerville appreciation rates continue to be some of the highest in America, at 8.31%, which is higher than appreciation rates in 88.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Centerville. Centerville appreciation rates in the latest quarter were at 2.76%, which equates to an annual appreciation rate of 11.51%.

Importantly, this makes Centerville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$167,126

Centerville, TN HOME PRICES

Value Range
> $1,242,000 0.8
$931,001 - $1,242,000 0.4
$621,001 - $931,000 1.2
$497,001 - $621,000 1.5
$372,001 - $497,000 1.7
$248,001 - $372,000 18.4
$124,001 - $248,000 39.4
$62,001 - $124,000 28.4
$0 - $62,000 8.4

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
42.7458103832181 21.4285714285714

Number Of Homes And Apartments:
1,504

Centerville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
46.80% 2.25% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$856 / per month

Homeownership Rate

Homeownership
Owners 68.12
Renters 31.88
Vacant 9.78

Housing Market Details

 

Age of Homes

AGE OF Centerville HOMES
2000 or Newer 13.4
1970 - 1999 45.8
1940 - 1969 31.1
1939 or Older 9.7

Types of Homes

TYPE OF Centerville HOMES
Single-Family 76.8
Townhomes 0.4
Small Apt. Buildings 1.4
Apt. Complexes 13.9
Mobile Homes 7.4
Other 0.0

Home Size

SIZE OF Centerville HOMES
No Bedroom 0.00
1 Bedroom 12.66
2 Bedrooms 26.03
3 Bedrooms 45.53
4 Bedrooms 10.80
5 or more bedrooms 4.98

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Zip Codes in Centerville, TN