Metropolitan Statistical Area (MSA):
Centralia, IL is a Metropolitan Statistical Area (MSA) comprising counties including .
There is no doubt that the Centralia, IL metropolitan statistical area (MSA) has been hit hard by the housing market crash of 2008. However, there are signs that the market is beginning to rebound. Home sales have increased for three consecutive years, and prices have begun to creep up as well.
Investors are starting to take notice of Centralia again, and many are buying up distressed properties in hopes of flipping them or renting them out. This is helping to drive up prices and spur new construction. The future looks bright for the Centralia housing market, and it is poised for a strong comeback in the years to come.