Centerville, Ohio Housing Market Prices
Centerville Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 121% above the Ohio median$306,899
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Median rent 26% above the Ohio median$1,306
Housing Market Overview
| Metric | Centerville | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $306,899 | $139,044 | $248,835 |
| Price Trend (Annual %) | 14.5% | 6.7% | 7.5% |
| Median Gross Rent | $1,306 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Centerville is about 121% higher than in Ohio. Rent is about 26% higher than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Centerville, up about 14.5% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Centerville rose about 56.3% between 2015 and 2024, from $836 to $1,306. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Centerville.
Buying the median-priced home in Centerville costs roughly 19.6 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Centerville. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Centerville | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $306,899 | $139,044 | $248,835 |
| Median Household Income | $90,455 | $71,509 | $80,455 |
| Price-to-Income Ratio | 3.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Centerville rose about 66.2%, while median household income rose about 36.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Centerville | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.9% | 61.7% | 58.5% |
| Rental Rate | 30.0% | 30.1% | 31.2% |
| Vacancy Rate | 2.1% | 8.1% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Centerville has a homeownership rate of 67.9%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 2.1%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Centerville | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.14 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1979 | 1970 | 1978 |
| Median Number of Rooms | 6.4 | 5.9 | 5.5 |
The typical housing unit in Centerville was built around 1979. On average, 2.1 people live in a home with about 6.4 rooms, staying for about 13.0 years on average.
Centerville, OH Housing Compared With Nearby Cities
How Centerville, OH compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Centerville, OH | 24,742 | $306,899 #1/2 | $1,306 #1/2 | 69.4% #1/2 |
| Kettering, OH | 58,792 | $28,051 | $1,051 | 64.1% |
Frequently Asked Questions
Common questions about the housing market in Centerville, Ohio.
What is the median home price in Centerville, Ohio?
The median home price in Centerville, Ohio is $306,899, higher than the Ohio average of $139,044.
What is the average home price in Centerville, Ohio?
The typical home price in Centerville, Ohio, reported as the median sale price, is $306,899. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Centerville, Ohio?
The median gross rent in Centerville, Ohio is $1,306 per month, higher than the Ohio average of $1,033.
What was the median gross rent in Centerville in 2020?
In 2020, the median gross rent in Centerville, Ohio was $1,004 per month.
What is the price-to-rent ratio in Centerville, Ohio?
The price-to-rent ratio in Centerville, Ohio is about 19.6, meaning it would take roughly 19.6 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Centerville.
Are home prices or rent rising faster in Centerville, Ohio?
Both home prices and rent are rising in Centerville, up about 14.5% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Centerville, Ohio?
67.9% of households in Centerville, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Centerville, Ohio?
The housing vacancy rate in Centerville, Ohio is 2.1%, lower than the Ohio average of 8.1%.
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