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 1,672 people, 714 houses or apartments, and a median cost of homes of $340,238, Centerburg real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Centerburg, accounting for 69.45% of the village's housing units. Other types of housing that are prevalent in Centerburg include duplexes, homes converted to apartments or other small apartment buildings ( 16.71%), large apartment complexes or high rise apartments ( 13.84%).
The most prevalent building size and type in Centerburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 56.47% owning and 43.53% renting.
The housing in Centerburg was primarily built before 1939 ( 39.16%), making the housing stock in Centerburg some of the oldest overall in America, although there is a range of ages of homes in Centerburg. The next most important housing age is between 2000 and later ( 22.72%), followed by between 1970-1999 ( 21.80%). There's also some housing in Centerburg built between 1940-1969 ( 16.32%).
Appreciation rates for homes in Centerburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.55%, which ranks in the top 30% nationwide. This equates to an annual average Centerburg house appreciation rate of 7.68%.
Appreciation rates are so strong in Centerburg that despite a nationwide downturn in the housing market, Centerburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Centerburg appreciation rates continue to be some of the highest in America, at 8.59%, which is higher than appreciation rates in 76.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Centerburg. Centerburg appreciation rates in the latest quarter were at 1.02%, which equates to an annual appreciation rate of 4.15%.
Relative to Ohio, our data show that Centerburg's latest annual appreciation rate is higher than 60% of the other cities and towns in Ohio.
$340,238
for Ohio
for nation
714
$1,216 / per month