Centralia, MO—65240
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Centralia, MO
As of Oct '25, the median home price in Centralia, MO is $263,000, with a year-over-year change of 6.0%. This indicates that home prices in Centralia, MO are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $263,000 | 6.0% |
| Single Family | $262,000 | 5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $158,000 | 5.3% |
3 Bed | $251,000 | 5.9% |
4 Bed | $345,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Centralia, MO
As of July '25, Rentcast reports the average rent in Centralia, MO is $1,620, with a year-over-year rent change of 17.4%. Per bedroom, the median rent as of July '25 in Centralia, MO is 3-bedrooms: $1,850, 4-bedrooms: $1,400. The most common rental property sizes in Centralia, MO are 2-bedroom and 3-bedroom, accounting for 46.9% and 22.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,620 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,850 | $1,850 |
| 4 Bed Rent | $1,400 | $1,400 |
% of Rental Stock
Property Listings — Centralia, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Centralia, MO is 57. This is a increase of 25.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | 6.0% |
Listing Count | 44 | -14.0% |
| Listings as % of Homes | 0.5% | -14.0% |
Days on Market | 57 | 25.0% |
Demographics — Centralia, MO
As of the latest ACS Survey released in 2023, Centralia, MO has a population of 8,740, which has remained stable by 0.6% over the past 5 years. Centralia, MO is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 34.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,740 | 0.6% |
% Under 18 | 22.3% | -15.2% |
% Seniors | 17.9% | 12.6% |
% WFH | 6.6% | 73.7% |
% w/ College Degree | 34.6% | 32.6% |
As of the latest ACS Survey released in 2023, Centralia, MO is a predominantly white area, with 92.4% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Centralia, MO is hispanic, making up 1.8% of the population. Foreign-born residents account for 1.1% of the population in Centralia, MO, and this percentage has increased by 450.0% 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 | 92.4% | -3.6% |
% Black | 0.2% | -90.9% |
% Hispanic | 1.8% | 80.0% |
% Asian | 0.2% | ∞% |
% Foreign Born | 1.1% | 450.0% |
Mortgage and Risk — Centralia, MO
According to HUD data as of 2023, there were 172 mortgage originations in Centralia, MO, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Centralia, MO. Investor activity is low, as 6.0% 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 | 172 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Centralia, MO
Centralia, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | -$600 | $1,850 | $1,250 |
| 4 Bedroom | $60 | $1,400 | $1,460 |
Affordability — Centralia, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $263,000 |
| Median Household Income | $67,700 |