Centreville, MI—49032
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Centreville, MI
As of Oct '25, the median home price in Centreville, MI is $228,000, with a year-over-year change of 4.0%. This indicates that home prices in Centreville, MI are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $228,000 | 4.0% |
| Single Family | $227,000 | 3.7% |
| 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 — Centreville, MI
As of July '25, Rentcast reports the average rent in Centreville, MI is $795, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Centreville, MI is 1-bedrooms: $795. The most common rental property sizes in Centreville, MI are 2-bedroom and 3-bedroom, accounting for 41.5% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $795 | $795 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $795 |
| 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 — Centreville, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Centreville, MI is 21. This is a decrease of -48.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | -46.0% |
Listing Count | 9 | 20.0% |
| Listings as % of Homes | 0.8% | 20.0% |
Days on Market | 21 | -48.0% |
Demographics — Centreville, MI
As of the latest ACS Survey released in 2023, Centreville, MI has a population of 3,370, which has increased by 3.4% over the past 5 years. Centreville, MI is a popular place for families, as children make up 28.9% of the population. The area has a poorly educated workforce, with 11.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,370 | 3.4% |
% Under 18 | 28.9% | 14.7% |
% Seniors | 15.8% | -1.9% |
% WFH | 3.1% | -36.7% |
% w/ College Degree | 11.3% | -5.0% |
As of the latest ACS Survey released in 2023, Centreville, MI is a predominantly white area, with 95.0% of the population identifying as white. The white population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Centreville, MI is black, making up 2.2% of the population. Foreign-born residents account for 0.1% of the population in Centreville, MI, and this percentage has decreased by 90.9% 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 | 95.0% | 2.0% |
% Black | 2.2% | -15.4% |
% Hispanic | 0.9% | -43.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.1% | -90.9% |
Mortgage and Risk — Centreville, MI
According to HUD data as of 2023, there were 99 mortgage originations in Centreville, MI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Centreville, MI. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 99 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Centreville, MI
Centreville, MI 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 | -$85 | $795 | $710 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,280 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Centreville, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $228,000 |
| Median Household Income | $65,800 |