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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Centreville, MD Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Centreville, MD Housing Market Trends

With a population of 4,755, 1,748 total housing units (homes and apartments), and a median house value of $592,967, real estate costs in Centreville are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Single-family detached homes are the single most common housing type in Centreville, accounting for 87.21% of the town's housing units. Other types of housing that are prevalent in Centreville include large apartment complexes or high rise apartments ( 6.47%), duplexes, homes converted to apartments or other small apartment buildings ( 4.16%), and a few row houses and other attached homes ( 2.16%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Centreville. Owner-occupied housing accounts for 75.67% of Centreville's homes, and 70.95% have either three or four bedrooms, which is average sized relative to America.

Centreville homes and real estate are some of the newest in America. 57.05% of Centreville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Centreville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 17.89%), and between 1940-1969 ( 13.84%). There's also some housing in Centreville built before 1939 ( 11.21%).

Centreville Home Appreciation Rates

Centreville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Centreville during the period has been just 4.64%, which is lower than 80% of US communities.

Over the last year, Centreville appreciation rates have trailed the rest of the nation. In the last twelve months, Centreville's appreciation rate has been 3.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Centreville were at 2.23%, which equates to an annual appreciation rate of 9.22%.

Relative to Maryland, our data show that Centreville's latest annual appreciation rate is lower than 70% of the other cities and towns in Maryland.

Average Home Values

Median Home Value

$592,967

Centreville, MD Home Prices
> $1,294,000
$971,001 - $1,294,000
$647,001 - $971,000
$518,001 - $647,000
$388,001 - $518,000
$259,001 - $388,000
$130,001 - $259,000
$64,001 - $130,000
$0 - $64,000
0.7%
0.7%
3.4%
3.4%
24.7%
24.7%
30.1%
30.1%
22.7%
22.7%
14.1%
14.1%
2.4%
2.4%
0.2%
0.2%
1.7%
1.7%
0% 100.0%
% of Homes
High

for Maryland

Very High

for nation

Number of Homes And Apartments:

1,748

Centreville Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,565 / per month

Homeownership Rate

Owners
Renters
75.7%
75.7%
24.3%
24.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.0%
8.0%
92.0%
92.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
57.1%
57.1%
17.9%
17.9%
13.8%
13.8%
11.2%
11.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
87.2%
87.2%
2.2%
2.2%
4.2%
4.2%
6.5%
6.5%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
5.9%
5.9%
16.4%
16.4%
34.1%
34.1%
36.9%
36.9%
6.7%
6.7%
0% 100.0%
% of Homes