Centerville, Indiana.
Typical home $212,123 (+6.9% in a year). Richmond, IN metro.
to buy the typical home at today's mortgage rate — +$656 (+143%) since Jan 2020.
- 1 year
- Up $13,609 +7%
- $198,514$212,123 since Sep 2025
- 5 years
- Up $64,756 +44%
- $147,367$212,123 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Centerville$1,113
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Centerville, IN rose 6.9% over the past year — faster than the nation's +1.2%.
Living in Centerville, Wayne County, Indiana
Centerville is a town of 2,748 people in Wayne County. Half its households earn more than $49,688 a year and half less, against $55,692 across Wayne County; 14% of its people live below the poverty line. 73% of its homes are lived in by their owners and 27% are rented. Unemployment in Wayne County was 3.7% in August 2026, and the county had 1.2% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Centerville is a small town in Wayne County, Indiana, where most homes are lived in by their owners. Residents are somewhat older than in many places, and household incomes run below the county's. A four-year degree is held by fewer adults than you might expect, and the typical home is valued well above what many would guess for a town this size. Winters are cold, with January the coldest month, and summers are warm, with rain and melted snow spread through the year.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, the building trades and other services close behind. Across Wayne County, the largest workplaces include Reid Hospital & Health Care Services, Richmond Community Schools and Earlham College. Commutes are fairly short, and a small group of residents work from home.
Things to do. For an afternoon out, the Richmond Art Museum is a short drive away, as is Hayes Arboretum, a botanical garden good for a long walk. Those who like history can visit the Abram Gaar House and Farm, a museum that is also a short drive away. For a longer outing, Hueston Woods State Park, built around a reservoir, is a longer drive away.
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- 1,050households
- 13%of adults have a degree
- 14%below the poverty line
- 19 mintypical commute
- 8%work from home
What residents work in
Employed residents by industry, from the Census survey. Wayne County had 29,380 jobs in 2025, 1.2% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 36° and lows near 20°; warmest in July, with highs near 85° and lows near 64°. About 43 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Richmond Wtr Wks weather station, 7 miles away (NOAA).
Largest workplaces in Wayne County
- Reid Hospital & Health Care ServicesGeneral hospital1,246FTE
- Richmond Community SchoolsSchool district666FTE
- Sugar Creek Packing Co. CCIBacon, slab and sliced, made from purchased carcasses651
- City Of RichmondGeneral public administration580
- Indiana University-EastUniversity or college396
- Earlham CollegeUniversity or college362
- Richmond State HospitalPsychiatric hospital361FTE
- WalmartWarehouse clubs and supercenters356
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 88 workplaces with 20 or more staff, 9,117 people in all across the county; Centerville has two of its own. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- TornadoesRelatively high
- LightningRelatively moderate
- Cold wavesRelatively moderate
- Winter weatherRelatively moderate
- Inland floodingRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Centerville’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Wayne County and the Richmond, IN metro.
Centerville home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Centerville$212,123
- Indiana$257,165
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 4 Centerville listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Centerville27.50%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Centerville26
New listings per month
Sellers arriving at the market.
- Centerville8
Zip codes with a Centerville address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Centerville — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.