Centerville, MI has a median value of homes that is significantly higher than the US median value of homes, at $437,600 compared to $338,100. This difference is further emphasized by the fact that Centerville's home appreciation rate during the past year was 15.49%, well above the 8.27% national average. Therefore, it is evident that homes in Centerville are considered to be of greater value and have experienced a more rapid growth rate than those across the United States.
The median home cost in Centerville is $437,600. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Centerville is up 19.8%.
Average Age of Homes
- The median age of Centerville real estate is 35 years old
The Rental Market in Centerville
- Renters make up 10.2% of the Centerville population
- 1.1% of houses and apartments in Centerville, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.