Centreville, Virginia Housing Market Prices
Centreville 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.
-
Median home price 128% above the Virginia median$583,979
-
Median rent 48% above the Virginia median$2,335
Housing Market Overview
| Metric | Centreville | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $583,979 | $256,082 | $248,835 |
| Price Trend (Annual %) | 12.6% | 3.5% | 7.5% |
| Median Gross Rent | $2,335 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Centreville is about 128% higher than in Virginia. Rent is about 48% higher than the Virginia 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 Centreville, up about 12.6% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Centreville rose about 35.3% between 2015 and 2024, from $1,726 to $2,335. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Centreville.
Buying the median-priced home in Centreville costs roughly 20.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Centreville. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Centreville | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $583,979 | $256,082 | $248,835 |
| Median Household Income | $138,737 | $93,527 | $80,455 |
| Price-to-Income Ratio | 4.2 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Centreville rose about 146.4%, while median household income rose about 34.4% 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 | Centreville | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.2% | 61.5% | 58.5% |
| Rental Rate | 26.3% | 29.8% | 31.2% |
| Vacancy Rate | 1.6% | 8.7% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Centreville has a homeownership rate of 72.2%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 1.6%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Centreville | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.85 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1992 | 1982 | 1978 |
| Median Number of Rooms | 6.2 | 6.0 | 5.5 |
The typical housing unit in Centreville was built around 1992. On average, 2.8 people live in a home with about 6.2 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Centreville, Virginia.
What is the median home price in Centreville, Virginia?
The median home price in Centreville, Virginia is $583,979, higher than the Virginia average of $256,082.
What is the average home price in Centreville, Virginia?
The typical home price in Centreville, Virginia, reported as the median sale price, is $583,979. 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 Centreville, Virginia?
The median gross rent in Centreville, Virginia is $2,335 per month, higher than the Virginia average of $1,579.
What was the median gross rent in Centreville in 2020?
In 2020, the median gross rent in Centreville, Virginia was $1,873 per month.
What is the price-to-rent ratio in Centreville, Virginia?
The price-to-rent ratio in Centreville, Virginia is about 20.8, meaning it would take roughly 20.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Centreville.
Are home prices or rent rising faster in Centreville, Virginia?
Both home prices and rent are rising in Centreville, up about 12.6% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Centreville, Virginia?
72.2% of households in Centreville, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in Centreville, Virginia?
The housing vacancy rate in Centreville, Virginia is 1.6%, lower than the Virginia average of 8.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →