Centerville, TN—37033
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Centerville, TN
Centerville, TN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $236,000 | 3.3% |
| Single Family | $237,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $204,000 | 7.4% |
3 Bed | $280,000 | 5.7% |
4 Bed | $380,000 | 5.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Centerville, TN
Centerville, TN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Centerville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Centerville, TN is 67. This is a increase of 13.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | -25.0% |
Listing Count | 47 | 35.0% |
| Listings as % of Homes | 0.8% | 35.0% |
Days on Market | 67 | 13.0% |
Demographics — Centerville, TN
As of the latest ACS Survey released in 2023, Centerville, TN has a population of 8,660, which has increased by 14.6% over the past 5 years. Centerville, TN is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 13.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,660 | 14.6% |
% Under 18 | 21.8% | 3.8% |
% Seniors | 18.6% | -15.8% |
% WFH | 5.1% | 264.3% |
% w/ College Degree | 13.6% | -12.8% |
As of the latest ACS Survey released in 2023, Centerville, TN is a predominantly white area, with 91.1% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Centerville, TN is black, making up 2.7% of the population. Foreign-born residents account for 0.5% of the population in Centerville, TN, and this percentage has decreased by 16.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.1% | -3.0% |
% Black | 2.7% | 92.9% |
% Hispanic | 2.4% | 9.1% |
% Asian | 0.3% | ∞% |
% Foreign Born | 0.5% | -16.7% |
Mortgage and Risk — Centerville, TN
According to HUD data as of 2023, there were 189 mortgage originations in Centerville, TN, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Centerville, TN. Investor activity is low, as 4.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 189 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Centerville, TN
Centerville, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 95 |
Total Units Section 8 | 77 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 97.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,220 |
| 4 Bedroom | N/A | N/A | $1,490 |
Affordability — Centerville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $236,000 |
| Median Household Income | $56,500 |