Centennial, CO—80112
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 $609,000, with a year-over-year change of -2.6%. This indicates that home prices in Centennial, CO are decreasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $609,000 | -2.6% |
| Single Family | $668,000 | -2.8% |
| Condos | $354,000 | -4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $305,000 | -4.1% |
2 Bed | $383,000 | -4.0% |
3 Bed | $593,000 | -2.8% |
4 Bed | $793,000 | -2.1% |
| 5 Bed | $917,000 | -1.9% |
% of Housing Stock
Rental Trends — Centennial, CO
As of July '25, Rentcast reports the average rent in Centennial, CO is $2,310, with a year-over-year rent change of 6.0%. Per bedroom, the median rent as of July '25 in Centennial, CO is studios: $1,570, 1-bedrooms: $1,840, 2-bedrooms: $2,240, 3-bedrooms: $3,190, 4-bedrooms: $3,450. The most common rental property sizes in Centennial, CO are 2-bedroom and 1-bedroom, accounting for 39.1% and 37.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,310 |
| Studio Rent | $1,590 | $1,570 |
| 1 Bed Rent | $1,840 | $1,840 |
| 2 Bed Rent | $2,300 | $2,240 |
| 3 Bed Rent | $3,000 | $3,190 |
| 4 Bed Rent | $2,950 | $3,450 |
% 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 50. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $548,000 | 3.0% |
Listing Count | 152 | 29.0% |
| Listings as % of Homes | 0.2% | 29.0% |
Days on Market | 50 | 0.0% |
Demographics — Centennial, CO
As of the latest ACS Survey released in 2023, Centennial, CO has a population of 36,700, which has increased by 10.9% over the past 5 years. Centennial, CO is a moderately popular place for families, as children make up 20.4% of the population. The area has a highly educated workforce, with 62.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,700 | 10.9% |
% Under 18 | 20.4% | -9.3% |
% Seniors | 13.1% | 12.0% |
% WFH | 22.9% | 143.6% |
% w/ College Degree | 62.1% | 1.8% |
As of the latest ACS Survey released in 2023, Centennial, CO is a predominantly white area, with 65.5% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Centennial, CO is hispanic, making up 13.5% of the population. Foreign-born residents account for 14.0% of the population in Centennial, CO, and this percentage has increased by 17.6% 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 | 65.5% | -12.0% |
% Black | 5.9% | 110.7% |
% Hispanic | 13.5% | 21.6% |
% Asian | 8.8% | 2.3% |
% Foreign Born | 14.0% | 17.6% |
Mortgage and Risk — Centennial, CO
According to HUD data as of 2023, there were 508 mortgage originations in Centennial, CO, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Centennial, CO. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 508 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Centennial, CO
As of 2024, the percent of homes in Centennial, CO under the Section 8 program is 2.4%. 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 | 189 |
Total Units Section 8 | 189 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,840 | $1,940 |
| 2 Bedroom | $20 | $2,300 | $2,320 |
| 3 Bedroom | $30 | $3,000 | $3,030 |
| 4 Bedroom | $440 | $2,950 | $3,390 |
Affordability — Centennial, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $609,000 |
| Median Household Income | $108,000 |