Centerville, MN
Population 3,915 · Minnesota
About Centerville, MN
Centerville is a small town located in Minnesota with a population of 3,915 residents according to the latest US Census Bureau American Community Survey data. The median household income is $119,361 per year, which is 59% above the national median of $75,149. The median age of 40.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Centerville features a median home value of $364,700, which is 49% above the national median of $244,900. This positions Centerville in a moderately priced market relative to the rest of the country. Median monthly rent is $1,453, 25% above the national average of $1,163/month. Of the 1,463 total housing units, 91% are owner-occupied (1,328 units) and 9% are renter-occupied (135 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Centerville shows an unemployment rate of 1.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Centerville have an average one-way commute time of 26.4 minutes.
Education & Demographics
48.2% of Centerville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.2% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.4% Asian residents, with 3.2% of the population being foreign-born.
Cost of Living in Centerville, MN
Compared to national averages, Centerville has a median household income of $119,361 (59% above the national median of $75,149). Home values average $364,700, which is 49% above the national median. Monthly rent at $1,453 is 25% above the US average of $1,163. Within Minnesota, Centerville's income is 61% above the state average of $74,221, and home values are 78% above the state median of $204,472.
Why Live in Centerville, MN?
Centerville offers a strong local economy with a median household income of $119,361, well above the national average, and a strong job market with an unemployment rate of just 1.7%, and a well-educated community where 48.2% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 1.7%, better than the national average.
Centerville has a population of 3,915 with a median age of 40.4 years. Compare Centerville with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Centerville
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bayport | 3,948 | $115,781 | $363,200 | Compare |
| Grant | 3,959 | $145,357 | $622,000 | Compare |
| Norwood Young America | 3,866 | $67,857 | $289,400 | Compare |
| Scandia | 3,966 | $100,179 | $471,900 | Compare |
| Zumbrota | 3,843 | $96,818 | $235,800 | Compare |
| Montrose | 3,840 | $98,832 | $260,100 | Compare |
| Deephaven | 3,835 | $175,441 | $854,000 | Compare |
| St. Charles | 4,021 | $96,544 | $231,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Centerville With Other Cities
Frequently Asked Questions about Centerville
What is the population of Centerville, MN?
The population of Centerville, MN is 3,915 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Centerville?
The median household income in Centerville, MN is $119,361 per year, which is 59% above the national median of $75,149.
What is the median home value in Centerville?
The median home value in Centerville, MN is $364,700, which is 49% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Centerville?
The median monthly rent in Centerville, MN is $1,453, which is 25% above the national average of $1,163/month.
What is the unemployment rate in Centerville?
The unemployment rate in Centerville, MN is 1.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Centerville, MN a good place to live?
Centerville offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,915 and a median age of 40.4, the city appeals to a broad range of residents.
How educated is Centerville, MN?
48.2% of residents in Centerville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Centerville?
Key cost-of-living indicators for Centerville, MN: median home value is $364,700 (49% above national), median rent is $1,453/month, and median household income is $119,361. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Centerville?
The poverty rate in Centerville, MN is 1.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Centerville, MN?
Centerville's population is 2.2% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.4% Asian, and 0.0% two or more races. 3.2% of residents are foreign-born.