There is provided a vehicle condition estimating device which enables the estimations of the longitudinal position of a vehicle centroid, loads exerted on front and rear wheel axles and cornering powers even during the running of a vehicle without detecting directly the loads exerted on front and rear wheel axles. The inventive device is characterized by estimating a centroid position in the longitudinal direction of a vehicle based on a vehicle weight value, a stability factor value, a relation between a front wheel axle load and a front wheel cornering power and a relation between a rear wheel axle load and a rear wheel cornering power.