Market Overview
Home Prices in Centerville, IA
The median home value in Centerville, IA is $82,925 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 11.2% compared to a year ago and down 6.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Centerville are priced80% below average.
Over the past five years, Centerville home values have fallen by approximately29.7%, reflecting softening conditions in this market.
Price History
Centerville Home Price Trend
2020
$104,187
$104K
—
2021
$117,948
$118K
+13.2%
2022
$108,936
$109K
-7.6%
2023
$105,207
$105K
-3.4%
2024
$100,093
$100K
-4.9%
2025
$93,397
$93K
-6.7%
2026
$82,925
$83K
-11.2%
City Comparison
Centerville vs. National Median
🏠 Centerville
$82,925
National Median
$410,000
At $82,925, homes in Centerville cost 80% below the national median of $410,000. This makes Centerville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Centerville?
20% Down Payment
$16,585
on $82,925
Monthly P&I
$432/mo
30-yr @ 6.8%
Total Monthly Est.
~$549/mo
incl. taxes & insurance
Income Needed
$21,960
gross annual (30% rule)
10% Down Option
$8,293
+ PMI applies
Loan Amount (20% dn)
$66,340
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Centerville, IA?
The median home value in Centerville is $82,925 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 11.2% year-over-year.
How much have home prices changed in Centerville?
Over the past year, home values in Centerville have decreased by 11.2%. Over five years, prices have fallen approximately 29.7%.
How much do I need to earn to buy a home in Centerville?
To comfortably afford the median home price of $82,925 with a 20% down payment ($16,585) at today's rates (6.8%), you'd need a gross annual income of approximately $21,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Centerville compare to the national average home price?
The national median home value is approximately $410,000. At $82,925, homes in Centerville are 80% below the national average.