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Centralia

Learn about the people, housing, costs and businesses in Centralia, Illinois

Median Home$81,388
Median Rent$799/month
Population12,049
Leading IndustriesRetail · Public Administration · Professional Services18% retail
Home Value Growth⬆⬆+17.5% over 2 years
Young Adults29% of residentsslightly above average
Homeowners66% of occupied units
NotableTransit83/100 · excellent transit access
NotableAffordable Market$81k median home · lower cost than 97% of the country
Centralia
IL

Frequently Asked Questions

What are today's mortgage rates in Centralia?

As of today, the 30-year fixed mortgage rate for Centralia is approximately 7.595% (7.617% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Centralia?

The median home value in Centralia is $81k. The median monthly rent is $799. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Centralia?

Home values in Centralia have increased 17.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Centralia?

Based on a typical all-in ownership cost of $748/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Centralia is $51k/year.

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What industries drive the economy in Centralia?

The largest employment sectors in Centralia are public administration (27%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.