Centralia, IL 62801 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Centralia, IL—62801

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$93,000

6.7% YoY Growth

Household Income

$53,700

28.8% YoY Growth

Days on Market

4.0% Shorter YoY

Home Price Forecast

1.7%

Median Rent

$1,100

8.8% YoY Growth

1-Bed Rent

$400

51.5% YoY Growth

2-Bed Rent

$390

25.9% YoY Growth

3-Bed Rent

$1,100

N/A

Home Price Trends — Centralia, IL

As of Dec '25, the median home price in Centralia, IL is $93,000, with a year-over-year change of -6.7%. This indicates that home prices in Centralia, IL are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$93,000	-6.7%
Single Family	$93,000	-6.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Centralia, IL

As of July '25, Rentcast reports the average rent in Centralia, IL is $876, with a year-over-year rent change of 8.8%. Per bedroom, the median rent as of July '25 in Centralia, IL is 1-bedrooms: $400, 2-bedrooms: $556, 3-bedrooms: $981, 4-bedrooms: $1,150. The most common rental property sizes in Centralia, IL are 2-bedroom and 1-bedroom, accounting for 44.9% and 24.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,100	$876
Studio Rent	N/A	N/A
1 Bed Rent	$400	$400
2 Bed Rent	$390	$556
3 Bed Rent	$1,100	$981
4 Bed Rent	$1,150	$1,150

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% of Rental Stock

Studio

6.1%

1 Bedroom

24.3%

2 Bedrooms

44.9%

3 Bedrooms

19.6%

4 Bedrooms

4.6%

5+ Bedrooms

0.5%

Property Listings — Centralia, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Centralia, IL is 45. This is a increase of 3.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$167,000	28.0%
Listing Count	71	25.0%
Listings as % of Homes	0.5%	25.0%
Days on Market	62	-4.0%

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Demographics — Centralia, IL

As of the latest ACS Survey released in 2023, Centralia, IL has a population of 19,900, which has decreased by -7.0% over the past 5 years. Centralia, IL is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,900	-7.0%
% Under 18	20.5%	1.0%
% Seniors	20.0%	8.7%
% WFH	5.5%	175.0%
% w/ College Degree	16.1%	23.8%

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As of the latest ACS Survey released in 2023, Centralia, IL is a predominantly white area, with 81.3% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Centralia, IL is black, making up 10.7% of the population. Foreign-born residents account for 2.7% of the population in Centralia, IL, and this percentage has increased by 28.6% 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	81.3%	-1.0%
% Black	10.7%	9.2%
% Hispanic	3.6%	-10.0%
% Asian	1.2%	50.0%
% Foreign Born	2.7%	28.6%

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Mortgage and Risk — Centralia, IL

According to HUD data as of 2023, there were 244 mortgage originations in Centralia, IL, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Centralia, IL. Investor activity is low, as 3.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	244
% Conventional Loans	70.0%
% Government Loans	30.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Centralia, IL

As of 2024, the percent of homes in Centralia, IL under the Section 8 program is 15.0%. 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. In Centralia, IL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	531
Total Units Section 8	337
% Rentals under Section 8	15.0%
% Occupied Section 8	95.4%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$480	$400	$880
2 Bedroom	$700	$390	$1,090
3 Bedroom	$310	$1,100	$1,410
4 Bedroom	$490	$1,150	$1,640

Centralia, IL—62801

Key Metrics at a Glance

Home Price Trends — Centralia, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Centralia, IL

% of Rental Stock

Property Listings — Centralia, IL

Demographics — Centralia, IL

Race and Ethnicity

Mortgage and Risk — Centralia, IL

Mortgages

Rentals and Section 8 — Centralia, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Centralia, IL

Home Price to Income Ratio

Centralia, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Walnut Hill, IL

Sandoval, IL

Hoffman, IL

Richview, IL

Odin, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.7
Median Home Price	$93,000
Median Household Income	$53,700

Centralia, IL—62801

Key Metrics at a Glance

Home Price Trends — Centralia, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Centralia, IL

% of Rental Stock

Property Listings — Centralia, IL

Demographics — Centralia, IL

Race and Ethnicity

Mortgage and Risk — Centralia, IL

Mortgages

Rentals and Section 8 — Centralia, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Centralia, IL

Home Price to Income Ratio

Centralia, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Walnut Hill, IL

Sandoval, IL

Hoffman, IL

Richview, IL

Odin, IL

Frequently Asked Questions

What is the average home price in Centralia, IL 62801?

How have home prices in Centralia, IL 62801 changed over the past year?

What is the home price projection for Centralia, IL 62801?

What are the demographics of Centralia, IL 62801?

How long does it take homes to sell in Centralia, IL 62801?

What is the average rent price in Centralia, IL 62801?