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Investment Properties for Sale in Centerville, Utah
Centerville is a small Davis County city of about 17,000 tucked between Bountiful and Farmington, and it's one of the more stable rental markets along the Wasatch Front. The city is essentially built out, which means investment inventory turns over slowly and competition for a clean rental-ready home can be real. Most properties trading as investments here are 1970s-1990s single-family homes on quarter-acre lots, ramblers with walk-out basements that work well as legal accessory units, and the occasional older home near Main Street or Parrish Lane with redevelopment potential. Median sale prices generally run in the upper $500s to mid $700s depending on neighborhood, with foothill homes east of Highway 89 commanding the top end.
The rental demand story is straightforward: Centerville sits 15 miles north of downtown Salt Lake on I-15, with FrontRunner commuter rail at the adjacent Farmington station and Hill Air Force Base 20 minutes north. Davis School District schools, low crime, and quick access to Mueller Park Canyon trails keep family tenants in place for years. Cap rates are tight—this isn't a cash-flow market like parts of Ogden—but appreciation has been steady and vacancy stays under 4% in most years. Investors here are usually buying for long-term hold, a basement-apartment house-hack, or a 1031 exchange landing spot. Browse the active investment-friendly listings below to see what's currently on the market in Centerville.
May 2026 · Centerville market
Live from the Utah MLS — what's actually happening in Centerville right now.
Median sale
$430,000
9 closed in May 2026
Median DOM
5 days
listing → contract
Sale-to-list
100.0%
of final list price
Unsold inventory
52
active + pending
2 matching · page 1 of 1
Active listings
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Common questions
About investment properties in Centerville.
What kinds of investment properties are typical in Centerville? ▾
Most investor activity here centers on single-family rentals built between the 1970s and early 2000s, plus the occasional duplex or basement-apartment setup along Main Street and Pages Lane. True multifamily inventory is thin because Centerville is largely zoned R-1, so accessory dwelling units and walk-out basement rentals are the common workarounds. New construction is rare since the city is roughly 90% built out.
Does Centerville allow short-term rentals like Airbnb? ▾
Centerville City restricts short-term rentals in most residential zones, and nightly rentals are not a reliable strategy here. Long-term leases (six months or more) are the standard investor play. If short-term income is the goal, buyers usually look south toward Salt Lake County or north toward Ogden where rules vary by city.
What rents can I expect on a Centerville single-family rental? ▾
Three-bedroom homes generally lease in the $2,200-$2,800 range, with four-bedroom homes near Founders Park or the foothills above 400 East pushing higher. Basement apartments typically rent for $1,100-$1,500 depending on separate entry, parking, and laundry. Vacancy stays low because of the commute access to both Salt Lake and Hill Air Force Base.
Is the rental market strong given the commute to Salt Lake? ▾
Yes. Centerville sits right on I-15 and the FrontRunner line at the Farmington station next door, putting downtown Salt Lake about 20 minutes away and the airport about 25. Tenants tend to be families wanting Davis School District access plus professionals who commute south, so turnover is lower than in transient rental markets.
What should I check before buying an older home here as a rental? ▾
Watch for aging galvanized or polybutylene plumbing in homes built before 1990, original electrical panels, and the condition of any basement apartment's egress windows and separate metering. Some properties west of I-15 sit on higher water tables, so sump pumps and foundation drainage matter. A sewer scope is worth the $150 on any home over 30 years old.
How does Centerville compare to Bountiful or Farmington for investors? ▾
Centerville price points run slightly below Farmington (which carries a Station Park premium) and roughly even with central Bountiful. Cap rates across all three south Davis cities are tight—generally 4-5%—so most investors here are playing for appreciation and stable tenancy rather than cash flow. Davis School District ratings support all three markets fairly equally.