Centennial, Colorado.
Typical home $626,600 (-1.0% in a year), asking rent $2,203 (+0.6%). Denver-Aurora-Lakewood, CO metro.
to buy the typical home at today's mortgage rate — +$1,553 (+89%) since Jan 2020.
- 1 year
- Down $6,079 -1%
- $632,679$626,600 since Sep 2025
- 5 years
- Up $42,688 +7%
- $583,912$626,600 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Centennial$3,289
- Colorado$2,777
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 49 years.
Typical home values in Centennial, CO fell 1.0% over the past year — slower than the nation's +1.2%.
Asking rents in Centennial, CO rose 0.6% over the past year — slower than the nation's +2.7%.
Owning the typical home in Centennial runs $2,030/mo more than renting one. The gap peaked at $2,304 in Oct 2023.
That is $4,233 a month against $2,203 rent: a $3,289 mortgage payment, plus $273 property tax and $671 insurance & upkeep.
Owning vs renting — Centennial
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$4,233
- Renting$2,203
- Mortgage only$3,289
Property tax · $273/mo 0.52% of value a year — the ACS 2020-2024 median bill over the median home value for Arapahoe County, CO
Insurance & upkeep · $671/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Centennial, Arapahoe County, Colorado
Centennial is a city of 108,418 people in Arapahoe County. Half its households earn more than $131,928 a year and half less, against $101,087 across Arapahoe County; 3% of its people live below the poverty line. 81% of its homes are lived in by their owners and 19% are rented. Unemployment in Centennial was 4.3% in August 2026, and Arapahoe County had 0.3% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Centennial is a large suburban city south of Denver, and most homes here are lived in by their owners. Household incomes run well above the county's, very few residents live below the poverty line, and a large majority of adults hold a four-year degree. The typical home value is high, and renting costs a good deal each month. Winters are cold, with the coldest weather in December, while July brings warm summer highs. Moisture is modest across the year.
Work. Many residents work in schools, hospitals and social care, in professional and business services, in banks, insurance and property, and in shops. A fair number work from home, and the usual trip to work is a moderate one. Among the largest workplaces in Centennial are United Launch Alliance, which builds space vehicles, Western States Fire Protection, and Weifield Group Contracting. Unemployment is a little higher than a year ago.
Things to do. Infinity Park, a stadium, is a short drive away, and it is the closest of the places worth knowing about. A longer drive brings you into Denver, to the Denver Art Museum, the Denver Zoo and the Denver Botanic Gardens. Red Rocks Amphitheatre, an outdoor theatre, is also a longer drive away.
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- 42,233households
- 63%of adults have a degree
- 3%below the poverty line
- 26 mintypical commute
- 27%work from home
What residents work in
Employed residents by industry, from the Census survey. Arapahoe County had 340,945 jobs in 2025, 0.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 44° and lows near 19°; warmest in July, with highs near 87° and lows near 59°. About 15 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Denver Centennial Airport weather station, 2 miles away (NOAA).
Largest workplaces in Centennial
- Western States Fire ProtectionFire sprinkler system installation2,400
- BluSky Restoration ContractorsConstruction management, commercial and institutional building1,425
- United Launch AllianceGuided missile and space vehicle manufacturing1,380
- CSH Mountain Region FKA CenturaCorporate offices1,159
- Mastec IndustrialSubstation and switching station, power transmission line, construction796
- Weifield Group ContractingElectric contracting779
- AT&TWired telecommunications carriers542
- Allosource - Centennial FacilityBlood banks503
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 124 workplaces with 20 or more staff, 19,649 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HailVery high
- LightningRelatively moderate
- TornadoesRelatively moderate
- Strong windRelatively moderate
- Winter weatherRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Centennial’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Arapahoe County and the Denver-Aurora-Lakewood, CO metro.
Centennial home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Centennial$626,600
- Colorado$529,013
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 2 Centennial listings, and the typical home goes pending in 25 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Centennial41.18%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Centennial25
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Centennial447
New listings per month
Sellers arriving at the market.
- Centennial140
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Centennial$652,638
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Centennial99.25%
Zip codes with a Centennial address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Centennial — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Centennial
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 80015 | Aurora | 72,316 | $2,679 | $535,704 |
| 80112 | Englewood | 36,816 | $1,984 | $593,849 |
| 80122 | Littleton | 32,195 | $2,402 | $614,456 |
| 80121 | Littleton | 18,029 | $2,477 | $676,429 |