Housing in Centennial
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Centennial, Colorado
The housing market in Centennial is characterized by a high rate of homeownership, with approximately 80.6% of homes being owner-occupied in 2024, significantly higher than the national average. The median property value in Centennial was $658,100 in 2024, reflecting a 5.01% increase from 2023. For those looking to rent, the average rent for an apartment in Centennial is around $2,063 per month as of July 2026, with a 2.17% increase over the past year. The rental market offers a balanced mix of apartments and single-family homes, with studio apartments averaging $1,613, one-bedroom units at $1,827, and two-bedroom units at $2,330.
Housing
About Centennial, Colorado
Centennial, Colorado, known as "A City with Spirit," is a vibrant suburban community located in the Denver metropolitan area. Incorporated in 2001, it is a relatively young city that has quickly grown into a desirable place to live, work, and raise a family. The city spans nearly 30 square miles and is home to over 108,000 residents and more than 5,000 businesses. Centennial offers a blend of suburban tranquility with convenient access to urban amenities, making it an attractive option for both families and professionals. The city is consistently recognized for its superb quality of life, safety, great neighborhoods, and abundant recreational opportunities.
About Colorado
Colorado is characterized by its diverse geography, ranging from the Rocky Mountains to the Eastern Plains, offering a lifestyle that blends natural beauty with community charm and extensive outdoor recreation opportunities. The state's economy is robust and diversified, with major industries including aerospace, bioscience, technology, energy and natural resources, financial services, and a strong tourism sector. Living in Colorado is generally more expensive than the national average, with housing costs being a primary driver. The climate is diverse, featuring four distinct seasons with abundant sunshine, though it can experience rapid weather shifts, including hot summers, cold winters, and occasional extreme weather events like flash floods and strong winds.