20120, Centreville, VA

Centreville is a suburb of Washington, D.C., located in Fairfax County, Virginia. As of the 2010 census, the population was 33,814. The median household income was $101,912 and the median family income was $115,564. Centreville has a population density of 3,000 people per square mile (1,219/km²).

The home equity and home prices in Centreville are reflective of the overall market conditions in Fairfax County and Washington D.C. Home equity values have increased by an average of 6% annually over the past five years while home prices have increased by an average of 5%. However, there has been significant variation in both values and prices within the community; for example, homes near schools or commercial areas have seen higher values than those located further away from these amenities. In addition to market conditions affecting home equity and prices, local factors such as school ratings and zoning regulations also play a role in determining home value.

Despite recent market volatility caused by global economic uncertainty and political instability in some parts of the world (e.g., Europe), overall demand for housing remains strong which is contributing to increasing home values across most regions of the United States including Fairfax County and Centreville.