Centreville, VA—20121
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 $555,000, with a year-over-year change of 0.9%. 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 | $555,000 | 0.9% |
| Single Family | $569,000 | 0.4% |
| Condos | $340,000 | 0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $275,000 | -2.8% |
2 Bed | $428,000 | 1.7% |
3 Bed | $549,000 | 0.7% |
4 Bed | $808,000 | 0.6% |
| 5 Bed | $953,000 | -0.1% |
% of Housing Stock
Rental Trends — Centreville, VA
As of July '25, Rentcast reports the average rent in Centreville, VA is $2,690, with a year-over-year rent change of 5.5%. Per bedroom, the median rent as of July '25 in Centreville, VA is studios: $2,560, 1-bedrooms: $1,800, 2-bedrooms: $2,480, 3-bedrooms: $2,910, 4-bedrooms: $3,070. The most common rental property sizes in Centreville, VA are 2-bedroom and 3-bedroom, accounting for 38.1% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,690 |
| Studio Rent | $2,560 | $2,560 |
| 1 Bed Rent | $1,850 | $1,800 |
| 2 Bed Rent | $2,500 | $2,480 |
| 3 Bed Rent | $3,000 | $2,910 |
| 4 Bed Rent | $3,100 | $3,070 |
% 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 decrease of -15.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $566,000 | 6.0% |
Listing Count | 44 | 28.0% |
| Listings as % of Homes | 0.2% | 28.0% |
Days on Market | 24 | -15.0% |
Demographics — Centreville, VA
As of the latest ACS Survey released in 2023, Centreville, VA has a population of 27,500, which has decreased by -8.6% over the past 5 years. Centreville, VA is a moderately popular place for families, as children make up 22.8% of the population. The area has a highly educated workforce, with 53.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | -8.6% |
% Under 18 | 22.8% | -6.9% |
% Seniors | 8.9% | 20.3% |
% WFH | 19.1% | 344.2% |
% w/ College Degree | 53.0% | 1.7% |
As of the latest ACS Survey released in 2023, Centreville, VA is a predominantly white area, with 36.1% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Centreville, VA is asian, making up 26.0% of the population. Foreign-born residents account for 35.3% of the population in Centreville, VA, and this percentage has decreased by 17.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 36.1% | -7.4% |
% Black | 9.3% | -4.1% |
% Hispanic | 23.3% | 43.8% |
% Asian | 26.0% | -16.4% |
% Foreign Born | 35.3% | -17.5% |
Mortgage and Risk — Centreville, VA
According to HUD data as of 2023, there were 382 mortgage originations in Centreville, VA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 27.0% 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. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 382 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Centreville, VA
As of 2024, the percent of homes in Centreville, VA under the Section 8 program is 7.9%. 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. 1-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Centreville, VA, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 207 |
Total Units Section 8 | 207 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,850 | $2,220 |
| 2 Bedroom | $0 | $2,500 | $2,500 |
| 3 Bedroom | $130 | $3,000 | $3,130 |
| 4 Bedroom | $590 | $3,100 | $3,690 |
Affordability — Centreville, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $555,000 |
| Median Household Income | $133,000 |