Centennial, CO—80122
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 $626,000, with a year-over-year change of -2.1%. This indicates that home prices in Centennial, CO are decreasing. According to Zillow, the 1-year price projection is -1.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $626,000 | -2.1% |
| Single Family | $653,000 | -2.2% |
| Condos | $302,000 | -4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $226,000 | -5.0% |
2 Bed | $371,000 | -4.4% |
3 Bed | $568,000 | -2.4% |
4 Bed | $708,000 | -2.2% |
| 5 Bed | $812,000 | -2.3% |
% of Housing Stock
Rental Trends — Centennial, CO
As of July '25, Rentcast reports the average rent in Centennial, CO is $2,650, with a year-over-year rent change of -2.6%. Per bedroom, the median rent as of July '25 in Centennial, CO is 1-bedrooms: $1,520, 2-bedrooms: $2,200, 3-bedrooms: $2,860, 4-bedrooms: $3,400. The most common rental property sizes in Centennial, CO are 2-bedroom and 1-bedroom, accounting for 42.9% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,720 | $2,650 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,440 | $1,520 |
| 2 Bed Rent | $2,320 | $2,200 |
| 3 Bed Rent | $2,800 | $2,860 |
| 4 Bed Rent | $3,400 | $3,400 |
% 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 54. This is a increase of 19.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $609,000 | -4.0% |
Listing Count | 160 | 17.0% |
| Listings as % of Homes | 0.4% | 17.0% |
Days on Market | 54 | 19.0% |
Demographics — Centennial, CO
As of the latest ACS Survey released in 2023, Centennial, CO has a population of 31,600, which has decreased by -4.6% over the past 5 years. Centennial, CO is a moderately popular place for families, as children make up 21.7% of the population. The area has a highly educated workforce, with 63.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,600 | -4.6% |
% Under 18 | 21.7% | -1.4% |
% Seniors | 20.2% | 15.4% |
% WFH | 24.8% | 112.0% |
% w/ College Degree | 63.0% | 8.2% |
As of the latest ACS Survey released in 2023, Centennial, CO is a predominantly white area, with 82.3% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Centennial, CO is hispanic, making up 8.5% of the population. Foreign-born residents account for 5.2% of the population in Centennial, CO, and this percentage has decreased by 10.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.3% | -5.1% |
% Black | 1.1% | 10.0% |
% Hispanic | 8.5% | -3.4% |
% Asian | 3.3% | 200.0% |
% Foreign Born | 5.2% | -10.3% |
Mortgage and Risk — Centennial, CO
Centennial, CO lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Centennial, CO
As of 2024, the percent of homes in Centennial, CO under the Section 8 program is 0.9%. 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 | 24 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $610 | $1,440 | $2,050 |
| 2 Bedroom | $130 | $2,320 | $2,450 |
| 3 Bedroom | $400 | $2,800 | $3,200 |
| 4 Bedroom | $180 | $3,400 | $3,580 |
Affordability — Centennial, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $626,000 |
| Median Household Income | $120,000 |