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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 4,679, 1,923 total housing units (homes and apartments), and a median house value of $204,988, house prices in Centralia are solidly below the national average.
Single-family detached homes are the single most common housing type in Centralia, accounting for 73.69% of the city's housing units. Other types of housing that are prevalent in Centralia include duplexes, homes converted to apartments or other small apartment buildings ( 18.73%), row houses and other attached homes ( 2.89%), and a few mobile homes or trailers ( 2.45%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Centralia. Owner-occupied housing accounts for 66.44% of Centralia's homes, and 62.54% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Centralia built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Centralia built between 1940-1969 ( 21.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.05%). There's also some housing in Centralia built before 1939 ( 16.48%).
Real estate appreciation rates in Centralia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.87% during the period.
Over the last year, Centralia appreciation rates have trailed the rest of the nation. In the last twelve months, Centralia's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Centralia were at 1.50%, which equates to an annual appreciation rate of 6.12%.
Relative to Missouri, our data show that Centralia's latest annual appreciation rate is higher than 60% of the other cities and towns in Missouri.
$204,988
for Missouri
for nation
1,923
$1,043 / per month