Centralia, WA—98531
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Centralia, WA
As of Oct '25, the median home price in Centralia, WA is $389,000, with a year-over-year change of 1.2%. This indicates that home prices in Centralia, WA are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $389,000 | 1.2% |
| Single Family | $389,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $323,000 | 0.6% |
3 Bed | $410,000 | 2.0% |
4 Bed | $464,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Centralia, WA
As of July '25, Rentcast reports the average rent in Centralia, WA is $1,630, with a year-over-year rent change of 7.2%. Per bedroom, the median rent as of July '25 in Centralia, WA is studios: $782, 1-bedrooms: $1,060, 2-bedrooms: $1,450, 3-bedrooms: $1,970, 4-bedrooms: $2,410. The most common rental property sizes in Centralia, WA are 2-bedroom and 1-bedroom, accounting for 43.0% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,630 |
| Studio Rent | $795 | $782 |
| 1 Bed Rent | $995 | $1,060 |
| 2 Bed Rent | $1,500 | $1,450 |
| 3 Bed Rent | $2,000 | $1,970 |
| 4 Bed Rent | $2,300 | $2,410 |
% of Rental Stock
Property Listings — Centralia, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Centralia, WA is 59. This is a decrease of -9.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $477,000 | -3.0% |
Listing Count | 107 | 35.0% |
| Listings as % of Homes | 0.5% | 35.0% |
Days on Market | 59 | -9.0% |
Demographics — Centralia, WA
As of the latest ACS Survey released in 2023, Centralia, WA has a population of 27,400, which has increased by 8.3% over the past 5 years. Centralia, WA is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,400 | 8.3% |
% Under 18 | 22.4% | -7.1% |
% Seniors | 18.9% | 2.2% |
% WFH | 5.6% | 16.7% |
% w/ College Degree | 21.1% | 39.7% |
As of the latest ACS Survey released in 2023, Centralia, WA is a predominantly white area, with 74.0% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Centralia, WA is hispanic, making up 19.3% of the population. Foreign-born residents account for 9.0% of the population in Centralia, WA, and this percentage has increased by 11.1% 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 | 74.0% | -2.1% |
% Black | 1.0% | 150.0% |
% Hispanic | 19.3% | 7.2% |
% Asian | 1.2% | -14.3% |
% Foreign Born | 9.0% | 11.1% |
Mortgage and Risk — Centralia, WA
According to HUD data as of 2023, there were 406 mortgage originations in Centralia, WA, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Centralia, WA. Investor activity is low, as 0.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 406 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Centralia, WA
As of 2024, the percent of homes in Centralia, WA under the Section 8 program is 8.1%. 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, WA, 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 | 337 |
Total Units Section 8 | 291 |
% Rentals under Section 8 | 8.1% |
% Occupied Section 8 | 89.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $405 | $995 | $1,400 |
| 2 Bedroom | $130 | $1,500 | $1,630 |
| 3 Bedroom | $280 | $2,000 | $2,280 |
| 4 Bedroom | $460 | $2,300 | $2,760 |
Affordability — Centralia, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $389,000 |
| Median Household Income | $62,000 |