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 8,513, 2,703 total housing units (homes and apartments), and a median house value of $169,927, 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 78.55% of the city's housing units. Other types of housing that are prevalent in Centerville include mobile homes or trailers ( 10.62%), large apartment complexes or high rise apartments ( 8.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.12%).
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 72.88% of Centerville's homes, and 67.12% have either three or four bedrooms, which is average sized relative to America.
Centerville homes and real estate are some of the newest in America. 44.61% of Centerville's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Centerville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.09%), and between 1940-1969 ( 16.30%).
Vacant housing appears to be an issue in Centerville. Fully 16.08% of the housing stock is classified as vacant. Left unchecked, vacant Centerville homes and apartments can be a drag on the real estate market, holding Centerville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
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 110.32%, which ranks in the top 30% nationwide. This equates to an annual average Centerville house appreciation rate of 7.72%.
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 11.80%, which is higher than appreciation rates in 71.15% 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 8.15%, which equates to an annual appreciation rate of 36.82%.
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 Georgia, our data show that Centerville's latest annual appreciation rate is lower than 50% of the other cities and towns in Georgia.
$169,927
for Georgia
for nation
2,703
$1,833 / per month