Centreville, IL—62207
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Centreville, IL
As of Oct '25, the median home price in Centreville, IL is $35,000, with a year-over-year change of -4.1%. This indicates that home prices in Centreville, IL are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $35,000 | -4.1% |
| Single Family | $35,000 | -2.8% |
| 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 | $72,000 | 7.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Centreville, IL
As of July '25, Rentcast reports the average rent in Centreville, IL is $1,220, with a year-over-year rent change of 57.4%. Per bedroom, the median rent as of July '25 in Centreville, IL is 3-bedrooms: $1,220. The most common rental property sizes in Centreville, IL are 3-bedroom and 2-bedroom, accounting for 40.1% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,220 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Centreville, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Centreville, IL is 69. This is a decrease of -2.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $48,800 | 16.0% |
Listing Count | 7 | -6.0% |
| Listings as % of Homes | 0.1% | -6.0% |
Days on Market | 69 | -2.0% |
Demographics — Centreville, IL
As of the latest ACS Survey released in 2023, Centreville, IL has a population of 6,800, which has decreased by -23.7% over the past 5 years. Centreville, IL is a popular place for families, as children make up 31.4% of the population. The area has a poorly educated workforce, with 13.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,800 | -23.7% |
% Under 18 | 31.4% | 19.4% |
% Seniors | 18.5% | 17.8% |
% WFH | 9.4% | 213.3% |
% w/ College Degree | 13.1% | 67.9% |
As of the latest ACS Survey released in 2023, Centreville, IL is a predominantly black area, with 97.0% of the population identifying as black. The black population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Centreville, IL is white, making up 1.3% of the population. Foreign-born residents account for 0.3% of the population in Centreville, IL, and this percentage has increased by Inf% 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 | 1.3% | -55.2% |
% Black | 97.0% | 1.1% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.3% | ∞% |
% Foreign Born | 0.3% | ∞% |
Mortgage and Risk — Centreville, IL
According to HUD data as of 2023, there were 13 mortgage originations in Centreville, IL, of which 46.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Centreville, IL. Investor activity is low, as 8.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 13 |
% Conventional Loans | 46.0% |
% Government Loans | 54.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Centreville, IL
Centreville, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 970 |
Total Units Section 8 | 429 |
% Rentals under Section 8 | 27.9% |
% Occupied Section 8 | 81.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | $210 | $1,200 | $1,410 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Centreville, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.2 |
| Median Home Price | $35,000 |
| Median Household Income | $29,200 |