Centerville, MI housing market
Home prices around Centerville have risen about 93% over the past 5 years.
Home values, sales, trends and how Centerville compares with the towns next door — updated as new data is published.
Home prices up 93% in 5 years
The federal house price index for the ZIP codes around Centerville rose 93% over the past 5 years, faster than across Michigan (52%). Last year prices rose 21%. Carrying the Census median home value forward with that index puts the typical Centerville home at roughly $973,000 today.
Show as a table
| Year | Change that year | Since 2000 | Michigan since 2000 |
|---|---|---|---|
| 2025 | +21% | +218% | +97% |
| 2024 | +7% | +162% | +88% |
| 2023 | +2.5% | +145% | +76% |
| 2022 | +31% | +139% | +64% |
| 2021 | +11% | +83% | +45% |
| 2020 | +6.2% | +65% | +30% |
| 2019 | +6.8% | +55% | +26% |
| 2018 | +6.4% | +45% | +20% |
| 2017 | +8.7% | +36% | +12% |
| 2016 | +5.6% | +25% | +5.3% |
| 2015 | +4.6% | +19% | 0% |
| 2014 | +1.9% | +14% | −4.7% |
| 2013 | +4.5% | +11% | −12% |
| 2012 | −5.2% | +6.7% | −16% |
| 2011 | −3.8% | +12% | −16% |
| 2010 | −6.5% | +17% | −12% |
| 2009 | −3.1% | +25% | −5% |
| 2008 | −2.9% | +29% | +3.5% |
| 2007 | +1.8% | +33% | +11% |
| 2006 | −2.5% | +31% | +16% |
| 2005 | +8.7% | +34% | +18% |
| 2004 | +5.5% | +23% | +14% |
| 2003 | +3.5% | +17% | +10% |
| 2002 | +4.9% | +13% | +8.3% |
| 2001 | +7.5% | +7.5% | +5% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 49621, 49653, covering 81% of Centerville’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
Centerville and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Centerville | — | +21%† | $1,360 | $98,281 |
| Bingham | — | +4.4%† | $1,360 | $93,594 |
| Leland | $1.26M | +5.6% | $1,330 | $92,857 |
| Solon | — | +16.7%† | $1,400 | $96,833 |
† FHFA price index change, where Zillow has no home value for the town.
4.5 years of income
The typical Centerville home costs about 4.5 years of the town's median household income, more than across Michigan (3.7 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,360
HUD's Fair Market Rent for a two-bedroom in Centerville is $1,360 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Centerville pay a median of $853, so moving in tends to cost more than staying put. A two-bedroom takes about 17% of the town's median household income.
Studio $990 · 4 bedrooms $1,800
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49621, 49653; Leelanau County, MI HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.