Centerville, PA—16404
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Centerville, PA
As of Oct '25, the median home price in Centerville, PA is $147,000, with a year-over-year change of 8.7%. This indicates that home prices in Centerville, PA are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $147,000 | 8.7% |
| Single Family | $147,000 | 9.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Centerville, PA
Centerville, PA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Centerville, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Centerville, PA is 64. This is a decrease of -59.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 57.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | -18.0% |
Listing Count | 7 | 233.0% |
| Listings as % of Homes | 0.2% | 233.0% |
Days on Market | 64 | -59.0% |
Demographics — Centerville, PA
As of the latest ACS Survey released in 2023, Centerville, PA has a population of 3,400, which has decreased by -7.5% over the past 5 years. Centerville, PA is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 15.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,400 | -7.5% |
% Under 18 | 26.3% | -9.9% |
% Seniors | 22.5% | 46.1% |
% WFH | 5.5% | 89.7% |
% w/ College Degree | 15.1% | 39.8% |
As of the latest ACS Survey released in 2023, Centerville, PA is a predominantly white area, with 89.8% of the population identifying as white. The white population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Centerville, PA is hispanic, making up 1.9% of the population. Foreign-born residents account for 0.7% of the population in Centerville, PA, and this percentage has increased by 75.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.8% | -9.5% |
% Black | 0.8% | ∞% |
% Hispanic | 1.9% | 280.0% |
% Asian | 0.6% | 500.0% |
% Foreign Born | 0.7% | 75.0% |
Mortgage and Risk — Centerville, PA
According to HUD data as of 2023, there were 37 mortgage originations in Centerville, PA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Centerville, PA. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 37 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Centerville, PA
Centerville, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | N/A | N/A | $1,000 |
| 3 Bedroom | N/A | N/A | $1,300 |
| 4 Bedroom | N/A | N/A | $1,490 |
Affordability — Centerville, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $147,000 |
| Median Household Income | $62,100 |