Centennial, CO—80015
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Centennial, CO
As of Oct '25, the median home price in Centennial, CO is $546,000, with a year-over-year change of -3.6%. This indicates that home prices in Centennial, CO are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $546,000 | -3.6% |
| Single Family | $554,000 | -3.5% |
| Condos | $275,000 | -8.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $217,000 | -7.7% |
2 Bed | $348,000 | -7.4% |
3 Bed | $510,000 | -3.8% |
4 Bed | $593,000 | -3.6% |
| 5 Bed | $678,000 | -3.3% |
% of Housing Stock
Rental Trends — Centennial, CO
As of July '25, Rentcast reports the average rent in Centennial, CO is $2,900, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Centennial, CO is 1-bedrooms: $1,480, 2-bedrooms: $2,130, 3-bedrooms: $2,880, 4-bedrooms: $3,150. The most common rental property sizes in Centennial, CO are 3-bedroom and 2-bedroom, accounting for 32.8% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,950 | $2,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,520 | $1,480 |
| 2 Bed Rent | $2,000 | $2,130 |
| 3 Bed Rent | $2,860 | $2,880 |
| 4 Bed Rent | $3,120 | $3,150 |
% of Rental Stock
Property Listings — Centennial, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Centennial, CO is 53. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $545,000 | -1.0% |
Listing Count | 279 | 2.0% |
| Listings as % of Homes | 0.6% | 2.0% |
Days on Market | 53 | 9.0% |
Demographics — Centennial, CO
As of the latest ACS Survey released in 2023, Centennial, CO has a population of 72,200, which has increased by 6.2% over the past 5 years. Centennial, CO is a moderately popular place for families, as children make up 24.4% of the population. The area has a highly educated workforce, with 49.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 72,200 | 6.2% |
% Under 18 | 24.4% | -9.0% |
% Seniors | 11.8% | 29.7% |
% WFH | 20.7% | 168.8% |
% w/ College Degree | 49.3% | 8.1% |
As of the latest ACS Survey released in 2023, Centennial, CO is a predominantly white area, with 60.9% of the population identifying as white. The white population has shrunk by 8.8% in the last 5 years. The second most common race or ethnicity in Centennial, CO is hispanic, making up 16.0% of the population. Foreign-born residents account for 15.3% of the population in Centennial, CO, and this percentage has increased by 27.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.9% | -8.8% |
% Black | 9.0% | 11.1% |
% Hispanic | 16.0% | 22.1% |
% Asian | 8.6% | 3.6% |
% Foreign Born | 15.3% | 27.5% |
Mortgage and Risk — Centennial, CO
According to HUD data as of 2023, there were 1681 mortgage originations in Centennial, CO, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Centennial, CO. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,681 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Centennial, CO
As of 2024, the percent of homes in Centennial, CO under the Section 8 program is 3.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Centennial, CO, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 179 |
Total Units Section 8 | 179 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $620 | $1,520 | $2,140 |
| 2 Bedroom | $560 | $2,000 | $2,560 |
| 3 Bedroom | $480 | $2,860 | $3,340 |
| 4 Bedroom | $620 | $3,120 | $3,740 |
Affordability — Centennial, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $546,000 |
| Median Household Income | $122,000 |