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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 2,772, 1,086 total housing units (homes and apartments), and a median house value of $196,031, house prices in Centerville are solidly below the national average.
Single-family detached homes are the single most common housing type in Centerville, accounting for 81.08% of the town's housing units. Other types of housing that are prevalent in Centerville include large apartment complexes or high rise apartments ( 12.78%), duplexes, homes converted to apartments or other small apartment buildings ( 5.39%).
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 65.08% of Centerville's homes, and 60.33% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Centerville's housing was primarily built during this period, from the '40s through the '60s. A full 31.12% of the town's housing hails from this era. Other housing ages represented in Centerville include homes built between 1970-1999 ( 30.29%) and housing constructed before 1939 ( 26.06%). There's also some housing in Centerville built between 2000 and later ( 12.53%).
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 94.58%, which ranks in the top 50% nationwide. This equates to an annual average Centerville house appreciation rate of 6.88%.
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 11.60%, which is higher than appreciation rates in 92.69% 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 1.91%, which equates to an annual appreciation rate of 7.88%.
Relative to Indiana, our data show that Centerville's latest annual appreciation rate is higher than 90% of the other cities and towns in Indiana.
$196,031
for Indiana
for nation
1,086
$1,329 / per month