Centerville, UT—84014
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Centerville, UT
As of Oct '25, the median home price in Centerville, UT is $574,000, with a year-over-year change of 1.8%. This indicates that home prices in Centerville, UT are increasing. 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 | $574,000 | 1.8% |
| Single Family | $590,000 | 2.1% |
| Condos | $364,000 | -0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $382,000 | 1.6% |
3 Bed | $482,000 | 1.7% |
4 Bed | $579,000 | 1.6% |
| 5 Bed | $686,000 | 1.8% |
% of Housing Stock
Rental Trends — Centerville, UT
As of July '25, Rentcast reports the average rent in Centerville, UT is $1,830, with a year-over-year rent change of -3.2%. Per bedroom, the median rent as of July '25 in Centerville, UT is studios: $1,020, 1-bedrooms: $700, 2-bedrooms: $1,730, 3-bedrooms: $1,940, 4-bedrooms: $2,340. The most common rental property sizes in Centerville, UT are 2-bedroom and 3-bedroom, accounting for 41.4% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,830 |
| Studio Rent | $1,020 | $1,020 |
| 1 Bed Rent | $700 | $700 |
| 2 Bed Rent | $1,540 | $1,730 |
| 3 Bed Rent | $1,980 | $1,940 |
| 4 Bed Rent | $2,350 | $2,340 |
% of Rental Stock
Property Listings — Centerville, UT
As of Oct '25, Realtor.com reports that the median days on market for a home in Centerville, UT is 48. This is a decrease of -3.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $519,000 | -10.0% |
Listing Count | 49 | 2.0% |
| Listings as % of Homes | 0.6% | 2.0% |
Days on Market | 48 | -3.0% |
Demographics — Centerville, UT
As of the latest ACS Survey released in 2023, Centerville, UT has a population of 16,600, which has decreased by -3.5% over the past 5 years. Centerville, UT is a popular place for families, as children make up 26.0% of the population. The area has a highly educated workforce, with 47.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,600 | -3.5% |
% Under 18 | 26.0% | -14.2% |
% Seniors | 19.7% | 26.3% |
% WFH | 19.7% | 140.2% |
% w/ College Degree | 47.9% | -2.4% |
As of the latest ACS Survey released in 2023, Centerville, UT is a predominantly white area, with 86.3% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Centerville, UT is hispanic, making up 7.2% of the population. Foreign-born residents account for 3.5% of the population in Centerville, UT, and this percentage has increased by 25.0% 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 | 86.3% | -5.2% |
% Black | 1.4% | 366.7% |
% Hispanic | 7.2% | 67.4% |
% Asian | 1.6% | 23.1% |
% Foreign Born | 3.5% | 25.0% |
Mortgage and Risk — Centerville, UT
According to HUD data as of 2023, there were 487 mortgage originations in Centerville, UT, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Centerville, UT. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 487 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Centerville, UT
As of 2024, the percent of homes in Centerville, UT under the Section 8 program is 2.4%. 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 Centerville, UT, 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 | 24 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | 70.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $700 | $700 | $1,400 |
| 2 Bedroom | $200 | $1,540 | $1,740 |
| 3 Bedroom | $350 | $1,980 | $2,330 |
| 4 Bedroom | $480 | $2,350 | $2,830 |
Affordability — Centerville, UT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $574,000 |
| Median Household Income | $118,000 |