Centerville, UT


Highest Appreciating Centerville Neighborhoods Since 2000

Centerville, UT 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 a population of 16,877, 5,337 total housing units (homes and apartments), and a median house value of $324,136, real estate costs in Centerville are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Utah communities.

Centerville is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Centerville than is found in 98% of the communities in America.

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 83.95% of Centerville's homes, and 54.94% 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 2000 and later ( 16.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.64%). There's also some housing in Centerville built before 1939 ( 2.81%).

Centerville Home Appreciation Rates

Appreciation rates for homes in Centerville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.45%, which ranks in the top 30% nationwide. This equates to an annual average Centerville house appreciation rate of 0.91%.

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 7.45%, which is higher than appreciation rates in 83.83% 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 1.99%, which equates to an annual appreciation rate of 8.18%.

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

Relative to Utah, our data show that Centerville's latest annual appreciation rate is lower than 50% of the other cities and towns in Utah.

Average Home Values


Median Home Value:

Centerville, UT HOME PRICES

Value Range
> $1,207,000 0.7
$906,001 - $1,207,000 0.0
$604,001 - $906,000 2.8
$483,001 - $604,000 5.4
$363,001 - $483,000 20.1
$241,001 - $363,000 40.5
$121,001 - $241,000 22.7
$60,001 - $121,000 5.1
$0 - $60,000 2.8

Very High for UT
Very High for Nation

Value Relative to Nation Value Relative to State
14.1802414156803 20.1342281879195

Number Of Homes And Apartments:

Centerville Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
51.84% 2.45% 5 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,386 / per month

Homeownership Rate

Owners 83.95
Renters 16.05
Vacant 3.10

Housing Market Details


Age of Homes

AGE OF Centerville HOMES
2000 or Newer 16.4
1970 - 1999 68.1
1940 - 1969 12.6
1939 or Older 2.8

Types of Homes

TYPE OF Centerville HOMES
Single-Family 68.7
Townhomes 14.8
Small Apt. Buildings 7.7
Apt. Complexes 7.3
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Centerville HOMES
No Bedroom 0.00
1 Bedroom 5.01
2 Bedrooms 15.00
3 Bedrooms 29.10
4 Bedrooms 25.84
5 or more bedrooms 25.05