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Centre

Learn about the people, housing, costs and businesses in Centre, Alabama

Median Home$208,119
Median Rent$659/month
Population3,691
Leading IndustriesArts, Food & Hospitality · Healthcare · Public Administration12% arts, food & hospitality
Home Value Growth⬆⬆⬆+24.0% over 2 years
Retirees25% of residentsabove average nationally
Homeowners80% of occupied units
NotableTransit83/100 · excellent transit access
NotableAmenity Score68/100 · highly walkable area
Centre
AL

Frequently Asked Questions

What are today's mortgage rates in Centre?

As of today, the 30-year fixed mortgage rate for Centre is approximately 6.888% (6.924% 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 Centre?

The median home value in Centre is $208k. The median monthly rent is $659. Annual property taxes average $751. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Centre?

Home values in Centre have increased 24.0% 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 Centre?

Based on a typical all-in ownership cost of $678/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Centre is $58k/year.

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What industries drive the economy in Centre?

The largest employment sectors in Centre are public administration (29%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.