Centralia, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Centralia Neighborhoods Since 2000




Centralia, WA 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

Centralia Housing Market Information

With a population of 16,753, 6,655 total housing units (homes and apartments), and a median house value of $180,512, Centralia real estate values are some of the lowest in Washington, although compared to real estate around the nation, Centralia homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Centralia, accounting for 61.52% of the city's housing units. Other types of housing that are prevalent in Centralia include large apartment complexes or high rise apartments ( 20.23%), mobile homes or trailers ( 9.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.84%).

People in Centralia primarily live in small (one, two or no bedroom) single-family detached homes. Centralia has a mixture of owner-occupied and renter-occupied housing.

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 before 1939 ( 26.92%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.29%). There's also some housing in Centralia built between 2000 and later ( 13.39%).

Centralia Home Appreciation Rates

Centralia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Centralia during the period has been just -1.34%, which is lower than 80% of US communities.

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 10.96%, which is higher than appreciation rates in 95.96% 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 1.50%, which equates to an annual appreciation rate of 6.14%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Centralia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Centralia - 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 Centralia real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$180,512

Centralia, WA HOME PRICES

Value Range
> $1,188,000 0.5
$891,001 - $1,188,000 0.2
$594,001 - $891,000 0.4
$475,001 - $594,000 1.4
$357,001 - $475,000 4.4
$238,001 - $357,000 20.7
$119,001 - $238,000 47.6
$60,001 - $119,000 13.2
$0 - $60,000 11.7

Very Low for WA
High for Nation

Value Relative to Nation Value Relative to State
37.9292159849994 81.2056737588652

Number Of Homes And Apartments:
6,655

Centralia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
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
52.27% 2.47% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,117 / per month

Homeownership Rate

Homeownership
Owners 47.82
Renters 52.18
Vacant 9.26

Housing Market Details

 

Age of Homes

AGE OF Centralia HOMES
2000 or Newer 13.4
1970 - 1999 36.4
1940 - 1969 23.3
1939 or Older 26.9

Types of Homes

TYPE OF Centralia HOMES
Single-Family 61.5
Townhomes 2.1
Small Apt. Buildings 6.8
Apt. Complexes 20.2
Mobile Homes 9.3
Other 0.0

Home Size

SIZE OF Centralia HOMES
No Bedroom 4.87
1 Bedroom 13.24
2 Bedrooms 32.78
3 Bedrooms 36.30
4 Bedrooms 9.49
5 or more bedrooms 3.33

Popular Communities Near Centralia, WA

Zip Codes in Centralia, WA