Centerville, OH—45458
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Centerville, OH
Centerville, OH lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $413,000 | 3.0% |
| Single Family | $455,000 | 2.9% |
| Condos | $207,000 | -0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $190,000 | 1.1% |
3 Bed | $357,000 | 3.2% |
4 Bed | $489,000 | 2.7% |
| 5 Bed | $612,000 | 1.8% |
% of Housing Stock
Rental Trends — Centerville, OH
As of July '25, Rentcast reports the average rent in Centerville, OH is $2,160, with a year-over-year rent change of 10.8%. Per bedroom, the median rent as of July '25 in Centerville, OH is 1-bedrooms: $1,120, 2-bedrooms: $1,440, 3-bedrooms: $2,470, 4-bedrooms: $2,970. The most common rental property sizes in Centerville, OH are 2-bedroom and 1-bedroom, accounting for 60.1% and 19.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,160 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $915 | $1,120 |
| 2 Bed Rent | $1,400 | $1,440 |
| 3 Bed Rent | $2,500 | $2,470 |
| 4 Bed Rent | $2,800 | $2,970 |
% of Rental Stock
Property Listings — Centerville, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Centerville, OH is 41. This is a increase of 4.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $536,000 | 0.0% |
Listing Count | 201 | 41.0% |
| Listings as % of Homes | 0.7% | 41.0% |
Days on Market | 41 | 4.0% |
Demographics — Centerville, OH
As of the latest ACS Survey released in 2023, Centerville, OH has a population of 37,400, which has increased by 16.7% over the past 5 years. Centerville, OH is a moderately popular place for families, as children make up 24.8% of the population. The area has a highly educated workforce, with 59.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,400 | 16.7% |
% Under 18 | 24.8% | -2.0% |
% Seniors | 20.7% | 8.4% |
% WFH | 18.2% | 116.7% |
% w/ College Degree | 59.0% | 7.3% |
As of the latest ACS Survey released in 2023, Centerville, OH is a predominantly white area, with 77.8% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Centerville, OH is black, making up 7.2% of the population. Foreign-born residents account for 8.6% of the population in Centerville, OH, and this percentage has increased by 7.5% 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 | 77.8% | -5.0% |
% Black | 7.2% | 26.3% |
% Hispanic | 5.8% | 222.2% |
% Asian | 6.5% | -14.5% |
% Foreign Born | 8.6% | 7.5% |
Mortgage and Risk — Centerville, OH
According to HUD data as of 2023, there were 799 mortgage originations in Centerville, OH, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Centerville, OH. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 799 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Centerville, OH
As of 2024, the percent of homes in Centerville, OH under the Section 8 program is 11.8%. 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 units appear to be good home sizes to consider for Section 8 housing in Centerville, OH, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 550 |
Total Units Section 8 | 446 |
% Rentals under Section 8 | 11.8% |
% Occupied Section 8 | 88.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $145 | $915 | $1,060 |
| 2 Bedroom | -$40 | $1,400 | $1,360 |
| 3 Bedroom | -$740 | $2,500 | $1,760 |
| 4 Bedroom | -$850 | $2,800 | $1,950 |
Affordability — Centerville, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $413,000 |
| Median Household Income | $111,000 |