Centerville, IN—47330
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Centerville, IN
As of Oct '25, the median home price in Centerville, IN is $204,000, with a year-over-year change of 9.3%. This indicates that home prices in Centerville, IN are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $204,000 | 9.3% |
| Single Family | $204,000 | 9.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $140,000 | 7.7% |
3 Bed | $205,000 | 8.5% |
4 Bed | $280,000 | 8.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Centerville, IN
As of July '25, Rentcast reports the average rent in Centerville, IN is $1,090, with a year-over-year rent change of 13.3%. Per bedroom, the median rent as of July '25 in Centerville, IN is 1-bedrooms: $950, 2-bedrooms: $1,250, 3-bedrooms: $1,080. The most common rental property sizes in Centerville, IN are 2-bedroom and 3-bedroom, accounting for 43.0% and 38.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,080 | $1,090 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $950 | $950 |
| 2 Bed Rent | $1,250 | $1,250 |
| 3 Bed Rent | $1,080 | $1,080 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Centerville, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Centerville, IN is 29. This is a decrease of -10.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $244,000 | 5.0% |
Listing Count | 23 | -11.0% |
| Listings as % of Homes | 0.5% | -11.0% |
Days on Market | 29 | -10.0% |
Demographics — Centerville, IN
As of the latest ACS Survey released in 2023, Centerville, IN has a population of 5,350, which has decreased by -3.0% over the past 5 years. Centerville, IN is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 15.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,350 | -3.0% |
% Under 18 | 25.1% | 2.4% |
% Seniors | 18.7% | 10.0% |
% WFH | 5.0% | -13.8% |
% w/ College Degree | 15.7% | -28.0% |
As of the latest ACS Survey released in 2023, Centerville, IN is a predominantly white area, with 92.2% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Centerville, IN is hispanic, making up 6.2% of the population. Foreign-born residents account for 1.5% of the population in Centerville, IN, and this percentage has increased by 87.5% 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 | 92.2% | -2.8% |
% Black | 0.6% | -40.0% |
% Hispanic | 6.2% | 1,966.7% |
% Asian | 0.1% | -85.7% |
% Foreign Born | 1.5% | 87.5% |
Mortgage and Risk — Centerville, IN
According to HUD data as of 2023, there were 70 mortgage originations in Centerville, IN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Centerville, IN. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 70 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Centerville, IN
Centerville, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 40 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $950 | $790 |
| 2 Bedroom | -$210 | $1,250 | $1,040 |
| 3 Bedroom | $200 | $1,080 | $1,280 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Centerville, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $204,000 |
| Median Household Income | $65,000 |