Total monthly cost of ownership
Cost to Own a Home in Centreville, Alabama
A $145,000 home here costs
$1,219per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $745. The real number is $473 higher every month — 63% 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.
Centreville against Bibb County and Alabama
| Measure | Centreville | Bibb County |
|---|---|---|
| Median home value | $145,300 | $132,600 |
| Median property tax | $415 | $271 |
| Effective tax rate | 0.286% | 0.204% |
| Median gross rent | $712 | $802 |
| Population | 2,757 | 22,152 |
The weather behind that power bill
Centreville sits in Bibb County, which averages a high of 90.7°F in its hottest month and a low of 31.7°F in its coldest, with 57.01" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,777 cooling and 2,886 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Bibb County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bibb County
Common questions
How much does it cost to own a home in Centreville?
A $145,000 home in Centreville, Alabama costs approximately $1,219 per month with 20% down at 6.66%. That is $745 principal and interest, $35 property tax, $99 homeowners insurance, $219 utilities and $121 set aside for maintenance.
What is the property tax rate in Centreville?
Centreville has an effective property tax rate of 0.286%, based on a median home value of $145,300 and median real estate taxes of $415. That is higher than the Bibb County average of 0.204%.
What is the average home price in Centreville?
The median owner-occupied home value in Centreville, Alabama is $145,300, against $132,600 across Bibb County.
Is it cheaper to rent or buy in Centreville?
Median gross rent in Centreville is $712 a month, against $1,219 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 Centreville — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Alabama.
- 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.