The typical owner-occupied home in Centralia is worth about $318,200, 44% below the Washington median of $564,600 and 4% below the national median of $332,700. Owners pay a median $2,146 a year in property taxes, about 0.67% of their home's value, lower than the Washington rate of 0.81%. The median household earns $56,219 a year, so the median home costs 5.7 times the median income (5.8 times for Washington). 60% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Centralia at a glance
| Centralia | Washington | U.S. | |
|---|---|---|---|
| Median home value | $318,200 | $564,600 | $332,700 |
| Median property tax paid per year | $2,146 | $4,556 | $3,119 |
| Property tax as a share of value | 0.67% | 0.81% | 0.94% |
| Median household income | $56,219 | $98,141 | $80,734 |
| Homes lived in by their owners | 60% | 64% | 65% |
| Owner homes with a mortgage | 61% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $1,663 | $2,445 | $1,963 |
| Those costs as a share of the owners' income | 22.1% | 22.2% | 21.0% |
| Median rent | $1,084 | $1,760 | $1,413 |
| Rent as a share of renters' income | 32.3% | 30.0% | 30.6% |
| Median year homes were built | 1977 | 1985 | 1980 |
| Vacant homes | 2.8% | 7.3% | 10.1% |
| Population | 18,830 | 7,816,116 | 334,922,499 |
What a typical home costs per month in Centralia
At this week's average 30-year rate of 7.11%, buying the median Centralia home of $318,200 with 20% down costs about $2,023 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,553, 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 $86,687 for the 20%-down payment. That payment is 43% of the median Centralia household income of $56,219; at that income and 20% down, the 28% guideline points to a home of about $206,000.
The median rent here is $1,084 a month, so owning the median home costs about $939 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $63,640 |
|---|---|
| Loan amount | $254,560 |
| Principal and interest | $1,712 |
| Property taxes (0.67% a year) | $178 |
| Homeowners insurance (our estimate, 0.5% a year) | $133 |
| PMI | $0 |
| Total per month | $2,023 |
Change the numbers in the calculator
| Down payment | $11,137 |
|---|---|
| Loan amount | $312,437 |
| Principal and interest | $2,102 |
| Property taxes (0.67% a year) | $178 |
| Homeowners insurance (our estimate, 0.5% a year) | $133 |
| FHA mortgage insurance | $141 |
| Total per month | $2,553 |
Change the numbers in the calculator
Questions about home buying in Centralia
What is the median home value in Centralia?
About $318,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Centralia?
Homeowners pay a median $2,146 a year, which is about 0.67% 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 Centralia?
For the median home with 20% down at 7.11%, the payment is about $2,023 a month. Keeping that under 28% of gross income takes about $86,687 a year.
More about Centralia
- Mortgage Refinance in Centralia
- Debt Relief in Centralia
- Home Equity Loans in Centralia
- 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