Market Overview
Home Prices in Centreville, MI
The median home value in Centreville, MI is $244,397 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Centreville are priced40% below average. Centreville is part of the Sturgis, MI metro area.
Over the past five years, Centreville home values have risen by approximately26.9%, reflecting strong long-term appreciation in this market.
Price History
Centreville Home Price Trend
City Comparison
Centreville vs. National Median
At $244,397, homes in Centreville cost 40% below the national median of $410,000. This makes Centreville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Centreville?
20% Down Payment
$48,879
on $244,397
Monthly P&I
$1,275/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,619/mo
incl. taxes & insurance
Income Needed
$64,760
gross annual (30% rule)
10% Down Option
$24,440
+ PMI applies
Loan Amount (20% dn)
$195,518
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 Centreville, MI?
The median home value in Centreville is $244,397 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5% year-over-year.
How much have home prices changed in Centreville?
Over the past year, home values in Centreville have increased by 5%. Over five years, prices have risen approximately 26.9%.
How much do I need to earn to buy a home in Centreville?
To comfortably afford the median home price of $244,397 with a 20% down payment ($48,879) at today's rates (6.8%), you'd need a gross annual income of approximately $64,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Centreville compare to the national average home price?
The national median home value is approximately $410,000. At $244,397, homes in Centreville are 40% below the national average.
What metro area is Centreville part of?
Centreville is part of the Sturgis, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.