The typical owner-occupied home in Centreville is worth about $67,400, 60% below the Mississippi median of $169,800 and 80% below the national median of $332,700. Owners pay a median $989 a year in property taxes, about 1.47% of their home's value, higher than the Mississippi rate of 0.72%. The median household earns $42,000 a year, so the median home costs 1.6 times the median income (3.0 times for Mississippi). 58% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Centreville at a glance
| Centreville | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $67,400 | $169,800 | $332,700 |
| Median property tax paid per year | $989 | $1,215 | $3,119 |
| Property tax as a share of value | 1.47% | 0.72% | 0.94% |
| Median household income | $42,000 | $56,447 | $80,734 |
| Homes lived in by their owners | 58% | 70% | 65% |
| Owner homes with a mortgage | 50% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $988 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 22.2% | 19.8% | 21.0% |
| Median rent | $544 | $954 | $1,413 |
| Rent as a share of renters' income | 27.3% | 30.7% | 30.6% |
| Median year homes were built | 1977 | 1986 | 1980 |
| Vacant homes | 14.9% | 14.6% | 10.1% |
| Population | 2,263 | 2,946,779 | 334,922,499 |
What a typical home costs per month in Centreville
At this week's average 30-year rate of 7.11%, buying the median Centreville home of $67,400 with 20% down costs about $473 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $586, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $20,287 for the 20%-down payment. That payment is 14% of the median Centreville household income of $42,000; at that income and 20% down, the 28% guideline points to a home of about $140,000.
The median rent here is $544 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,480 |
|---|---|
| Loan amount | $53,920 |
| Principal and interest | $363 |
| Property taxes (1.47% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| PMI | $0 |
| Total per month | $473 |
Change the numbers in the calculator
| Down payment | $2,359 |
|---|---|
| Loan amount | $66,179 |
| Principal and interest | $445 |
| Property taxes (1.47% a year) | $83 |
| Homeowners insurance (our estimate, 0.5% a year) | $28 |
| FHA mortgage insurance | $30 |
| Total per month | $586 |
Change the numbers in the calculator
Questions about home buying in Centreville
What is the median home value in Centreville?
About $67,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Centreville?
Homeowners pay a median $989 a year, which is about 1.47% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Centreville?
For the median home with 20% down at 7.11%, the payment is about $473 a month. Keeping that under 28% of gross income takes about $20,287 a year.
More about Centreville
- Mortgage Refinance in Centreville
- Debt Relief in Centreville
- Home Equity Loans in Centreville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data