Centreville, VA—20120
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Centreville, VA
Home Price Trends — Centreville, VA
As of Oct '25, the median home price in Centreville, VA is $682,000, with a year-over-year change of 0.7%. This indicates that home prices in Centreville, VA are flat. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $682,000 | 0.7% |
| Single Family | $703,000 | 0.3% |
| Condos | $400,000 | 2.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $309,000 | 1.3% |
2 Bed | $415,000 | 1.7% |
3 Bed | $575,000 | 0.9% |
4 Bed | $838,000 | 0.0% |
| 5 Bed | $1,050,000 | 0.0% |
% of Housing Stock
Rental Trends — Centreville, VA
As of July '25, Rentcast reports the average rent in Centreville, VA is $3,060, with a year-over-year rent change of 12.1%. Per bedroom, the median rent as of July '25 in Centreville, VA is studios: $4,190, 1-bedrooms: $1,890, 2-bedrooms: $2,340, 3-bedrooms: $2,970, 4-bedrooms: $3,640. The most common rental property sizes in Centreville, VA are 3-bedroom and 1-bedroom, accounting for 31.2% and 27.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,950 | $3,060 |
| Studio Rent | $4,190 | $4,190 |
| 1 Bed Rent | $1,820 | $1,890 |
| 2 Bed Rent | $2,400 | $2,340 |
| 3 Bed Rent | $2,950 | $2,970 |
| 4 Bed Rent | $3,400 | $3,640 |
% of Rental Stock
Property Listings — Centreville, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Centreville, VA is 24. This is a increase of 13.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $640,000 | -7.0% |
Listing Count | 76 | 30.0% |
| Listings as % of Homes | 0.2% | 30.0% |
Days on Market | 24 | 13.0% |
Demographics — Centreville, VA
As of the latest ACS Survey released in 2023, Centreville, VA has a population of 42,900, which has increased by 2.8% over the past 5 years. Centreville, VA is a moderately popular place for families, as children make up 23.2% of the population. The area has a highly educated workforce, with 59.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,900 | 2.8% |
% Under 18 | 23.2% | -7.6% |
% Seniors | 11.8% | 38.8% |
% WFH | 19.7% | 166.2% |
% w/ College Degree | 59.5% | -2.3% |
As of the latest ACS Survey released in 2023, Centreville, VA is a predominantly white area, with 43.0% of the population identifying as white. The white population has shrunk by 11.5% in the last 5 years. The second most common race or ethnicity in Centreville, VA is asian, making up 29.0% of the population. Foreign-born residents account for 33.7% of the population in Centreville, VA, and this percentage has increased by 7.7% 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 | 43.0% | -11.5% |
% Black | 6.9% | 6.2% |
% Hispanic | 16.2% | 24.6% |
% Asian | 29.0% | 0.7% |
% Foreign Born | 33.7% | 7.7% |
Mortgage and Risk — Centreville, VA
According to HUD data as of 2023, there were 655 mortgage originations in Centreville, VA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Centreville, VA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 655 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Centreville, VA
As of 2024, the percent of homes in Centreville, VA under the Section 8 program is 5.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Centreville, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 173 |
Total Units Section 8 | 173 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,820 | $2,190 |
| 2 Bedroom | $70 | $2,400 | $2,470 |
| 3 Bedroom | $140 | $2,950 | $3,090 |
| 4 Bedroom | $240 | $3,400 | $3,640 |
Affordability — Centreville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $682,000 |
| Median Household Income | $150,000 |