Total monthly cost of ownership
Cost to Own a Home in Centerville, Iowa
A $99,000 home here costs
$939per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $509. The real number is $430 higher every month — 84% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Centerville against Appanoose County and Iowa
| Measure | Centerville | Appanoose County |
|---|---|---|
| Median home value | $99,000 | $119,800 |
| Median property tax | $1,312 | $1,501 |
| Effective tax rate | 1.325% | 1.253% |
| Median gross rent | $758 | $779 |
| Population | 5,377 | 12,242 |
The weather behind that power bill
Centerville sits in Appanoose County, which averages a high of 85.8°F in its hottest month and a low of 12.0°F in its coldest, with 36.03" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 880 cooling and 6,330 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Appanoose County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Appanoose County
No other places of this size are published in Appanoose County.
Common questions
How much does it cost to own a home in Centerville?
A $99,000 home in Centerville, Iowa costs approximately $939 per month with 20% down at 6.66%. That is $509 principal and interest, $109 property tax, $43 homeowners insurance, $195 utilities and $83 set aside for maintenance.
What is the property tax rate in Centerville?
Centerville has an effective property tax rate of 1.325%, based on a median home value of $99,000 and median real estate taxes of $1,312. That is higher than the Appanoose County average of 1.253%.
What is the average home price in Centerville?
The median owner-occupied home value in Centerville, Iowa is $99,000, against $119,800 across Appanoose County.
Is it cheaper to rent or buy in Centerville?
Median gross rent in Centerville is $758 a month, against $939 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Centerville — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Iowa.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.