Centerville Property Management

Investing Insights

Before analyzing the pros and cons of investing in Centerville, let’s take a peek at the demographics of the city. The U.S. Census reported in 2019 that Centerville had just under 18,000 residents. The Census also reported that the city had a median household income of just over $93,000 and a low poverty rate of 3%. 

Pros of Investing in Centerville

Centerville is a popular option for families looking for more space to raise their families at a more affordable rate than the city. With few available rentals on the market, a rental property will be a wanted commodity here. Due to its location, renters will likely be commuters who want to get away from the hustle and bustle of the city and enjoy a quiet life. Plus, Centerville is known for having a variety of coffee shops for residents to enjoy! 

Cons of Investing in Centerville

Centerville has a sparse suburban feel and not much in the way of entertainment that doesn't involve a commute out of the city. Since the majority of residents own their homes, those who rent are likely young professionals or families who are still working up to buying a home. 

Investor Snapshot

Centerville Home Prices:

In April of 2021, the statistics for Centerville’s buying market are as follows:

Price Range: $219K to $660K

Median List Price: $430K

Trending: Centerville has seen a staggering 28.3% year-over-year increase in median listing prices. According to Zillow, Centerville has risen from $284K in 2016 to what we see today. 

Centerville Rent Rates:

In April of 2021, the statistics for Centerville’s renting market are as follows:

Price Range: $800-$2000

Average Rent: $1,350

Trending: Centerville has seen a 4% increase in rental rates since the previous year. 

Utah Property Solutions – Property Management In Centerville 

Would you like to make your property available as a rental unit in Centerville? We are here to help you with the ins and outs of owning a rental property! Give us a call today for a free rental analysis. In addition, we understand that life doesn’t always go according to plan, which is why we offer a no-obligation management service. We provide a month-by-month management agreement that owners can cancel at any time with a 30-day notice. Do you want to learn more? Check out our vlog for more information!