The story of this market
The typical home in Centennial, Colorado sells for about $605,000, or $275 per square foot.
Prices are down 9% from a year ago, which gives buyers more room to negotiate. Homes take about 26 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,165 a month.
Monthly price momentum
Home values since 2015
+0.4%
CO · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Centennial, Colorado
Centennial's housing market is currently experiencing a period of price correction following years of rapid appreciation, with median prices down 9% year-over-year. Despite this, the city remains a highly desirable location due to its strong employment base in the Denver Tech Center and top-tier school districts. The market is stabilizing as inventory levels adjust to current demand, reflecting a healthy, albeit more balanced, environment for both buyers and sellers.
No ARED county foreclosure postings attributed to Centennial yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).
Deterministic aggregate of 4 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 4.6% year over year.
Homes spend a median of 26 days on market with 0.7 months of supply — a fast-moving market.
5% of listings have cut prices · homes sell at 27.29% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 1.9% — a stable, low-distress profile.
- Meow Wolf Denver's Convergence Station4.513.3 mi
- Downtown Aquarium4.313.9 mi
- Elitch Gardens413.7 mi
- Water World4.420.4 mi
- Dave & Buster's Denver4.27.7 mi
- Red Rocks Park and Amphitheatre4.918.4 mi
- Ball Arena4.613.5 mi
- Coors Field4.713.6 mi
- Denver Botanic Gardens4.811.4 mi
- Empower Field at Mile High4.613.6 mi
- Coors Field4.713.6 mi
- Denver Zoo4.612.3 mi
- Casa Bonita3.915.2 mi
- Denver Botanic Gardens4.811.4 mi
- Denver Museum of Nature & Science4.712 mi
- Denver Zoo4.612.3 mi
- Casa Bonita3.915.2 mi
- Denver Botanic Gardens4.811.4 mi
- Denver Museum of Nature & Science4.712 mi
- Meow Wolf Denver's Convergence Station4.513.3 mi
- Denver Botanic Gardens4.811.4 mi
- Civic Center Park4.412.5 mi
- Aurora Sports Park4.612.3 mi
- Chatfield State Park4.610.3 mi
- Cherry Creek State Park4.63.6 mi
- Topgolf Centennial4.40.9 mi
- Family Sports Center4.41.7 mi
- Arrowhead Golf Club4.513.9 mi
- Kennedy Golf Course4.34.9 mi
- Foothills Golf Course4.212.3 mi
- Cherry Creek Shopping Center4.210.2 mi
- Park Meadows4.51.3 mi
- Outlets at Castle Rock4.511.5 mi
- Stanley Marketplace4.611.9 mi
- Mershops Town Center at Aurora49.3 mi
- Denver International Airport4.121.8 mi
- Centennial Airport4.41.6 mi
- Capital One Lounge at DEN3.321.7 mi
- Blue Sky Bistro4.725.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A historic 71-mile trail that provides extensive recreational opportunities for walking, running, and cycling, serving as a major greenbelt through the city.
A major mixed-use lifestyle center featuring a variety of retail, dining, and entertainment options, serving as a central social hub for the community.
A large state park offering a reservoir, camping, and extensive trails, providing significant outdoor recreation access to Centennial residents.
A public facility offering golf and tennis amenities, contributing to the city's active lifestyle and recreational infrastructure.
Centennial is an ideal fit for families and professionals who prioritize access to high-quality schools and proximity to the Denver Tech Center. The city's suburban character, combined with its robust park system and diverse housing stock, makes it attractive to both established homeowners and those seeking a stable, community-focused environment.
The city is served by highly-regarded public school districts, including Cherry Creek School District and Littleton Public Schools, which are consistently recognized for high academic performance and college readiness. These districts are a primary driver for family-oriented housing demand in the area.
The city is served by major highway corridors including I-25 and E-470, facilitating regional connectivity. Public transit options include light rail access and bus services that connect residents to the broader Denver metropolitan area.
Centennial offers an extensive network of parks, trails, and open spaces, including the popular High Line Canal Trail and proximity to Cherry Creek State Park. The city's amenity base is heavily focused on outdoor recreation, complemented by major shopping districts like the Streets at SouthGlenn.
The rental market in Centennial is characterized by steady demand driven by its proximity to major employment centers like the Denver Tech Center. While vacancy rates remain relatively low, the market has seen a shift toward more competitive pricing as new multi-family developments have come online, providing more options for renters.
Centennial's economy is anchored by the Denver Tech Center, which hosts a high concentration of technology, aerospace, and financial services firms. The city maintains a strong business climate with over 5,000 businesses, benefiting from a highly educated workforce and proximity to major transit corridors.
Centennial benefits from its strategic location near the Denver Tech Center, a major employment hub for technology, finance, and professional services. Ongoing infrastructure investments and mixed-use redevelopment projects continue to bolster the city's economic momentum and attractiveness to corporate tenants.
The city's planning efforts focus on sustainable growth and the revitalization of aging commercial corridors. Current initiatives prioritize mixed-use development and the enhancement of pedestrian-friendly infrastructure.
Parcels in Centennial are subject to various special districts, including metropolitan districts (MUDs) that fund infrastructure, as well as specific fire protection and water/sanitation districts.
Centennial generally reports lower crime rates compared to the broader Denver metropolitan area, with the city maintaining a focus on community-oriented policing. Residents typically experience a suburban safety profile, though property crime remains the most common reported offense in line with regional trends.
The city faces standard Colorado climate risks, primarily related to wildfire smoke and occasional severe wind or hail events. Flood risk is generally localized to specific drainage basins, and the city maintains active emergency management protocols to mitigate these environmental exposures.
Property insurance in the area is influenced by regional wildfire and hail risk profiles, with premiums reflecting the broader Colorado market's exposure to severe weather events.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Colorado) — Statutory Agricultural Land Reclassification and Improvement Valuation: Under C.R.S. § 39-1-102(1.6)(a)(I), up to two acres of land directly underlying a residential improvement on agricultural parcels are segregated and assessed at residential rates (6.80% / 7. State (Colorado) — Senior and Disabled Veteran Property Tax Homestead Exemption: Exempts 50% of the first $200,000 of actual market value of the qualifying primary residential parcel from property taxation (a maximum actual value deduction of $100,000). State (Colorado) — Colorado Split Residential Property Tax Assessment Rate Structure: Imposes annual ad valorem property taxes determined using a bifurcated assessment rate system. Assessed Value = Actual (Market) Value × Assessment Rate. Beginning for tax years 2025/2026, residential property is assessed at 6.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from US Census Bureau QuickFacts and City of Centennial Economic Indicator Report.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.