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City · 108,201 residents · Arapahoe County, Colorado

Centennial , Colorado

In Centennial, a typical home is worth $658,100 and typical rent is $2,148 a month. Compared with all of Arapahoe County, typical household income is 31% higher, the typical home value is 17% higher, and the share of households that own their home is 16 points higher.

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  • Typical home value

    $658,100

    17% above the county

    22% above Colorado

    • Centennial
    • Arapahoe
    • Colorado

  • Typical rent

    $2,148a month

    14% above the county

    22% above Colorado

    • Centennial
    • Arapahoe
    • Colorado

  • Typical household income

    $131,928a year

    31% above the county

    38% above Colorado

    • Centennial
    • Arapahoe
    • Colorado

  • Households that own their home

    81%

    16 points above the county

    14 points above Colorado

    • Centennial
    • Arapahoe
    • Colorado

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$626,600
1% less than 12 months ago
Typical rent
$2,203 a month
0.6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Centennial is in Arapahoe County. The FHA loan limit ($862,500 for a one-unit home), the fair market rents and the help on this page are those of all of Arapahoe County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Centennial apart

What this place has that others do not, from public data, most unusual first.

  1. 81% of households in Centennial own their home, against 65% in Arapahoe County.

  2. The typical household income in Centennial is $131,928, 31% more than in Arapahoe County as a whole ($101,087).

  3. The typical home in Centennial is worth $658,100, 17% more than in Arapahoe County as a whole ($561,200).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Centennial

What homes there are in Centennial, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Centennial: 73% of homes, more than in Arapahoe County (56%).

Year built

In Centennial, half of the homes were built before 1983; in Arapahoe County, before 1986.

There is more room for a big family here: 78% of homes have 3 bedrooms or more, against 60% in Arapahoe County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

The FHA loan limit for Arapahoe County is $862,500, and about 77% of owner-occupied homes in Centennial are worth less than that.

Monthly rent with utilities

With a mortgage

$2,672 a month

Arapahoe County: $2,423 a month

Without a mortgage

$797 a month

Arapahoe County: $742 a month

Owners with a mortgage

71%

Arapahoe County: 74%

Owning costs more in Centennial: with a mortgage, the typical cost is $2,672 a month; in Arapahoe County, $2,423. Without one, $797.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Centennial rose 52%; in Arapahoe County, it rose 57%.

The typical rent in Centennial rose 23% over the same time; in Arapahoe County, it rose 36%.

The typical household income in Centennial rose 21% over that time; home values changed +52% and rent +23%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCentennialArapahoe CountyColoradoUnited States
Rental vacancy Unreliable estimate5.5%5.1%5.5%
Homeowner vacancy Unreliable estimate0.6%0.8%0.9%
More than one person per room 0.8%3.4%2.4%3.4%
People per household 2.532.552.422.53
Drive alone 64%66%65%69%
Carpool 6%8%8%9%
Public transit 1%3%2%3%
Walk or bike 2%2%3%3%
Work from home 27%21%21%15%
Other means 1%2%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Centennial, 0.8% of households live with more than one person per room, against 3.4% in Arapahoe County.

A household in Centennial has 2.53 people on average, about the same as in Arapahoe County (2.55).

In Centennial, 27% of workers work from home, more than in Arapahoe County (21%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Centennial?

A typical home costs more than the typical income allows

We start with a typical home in Centennial, worth $658,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 48% of the typical household income in Centennial, which is $131,928 a year. For that payment to be 28% of income, a household would need to earn about $224,758 a year.

The calculator's FHA and conventional loan limits are those of all of Arapahoe County.

Your numbers

Local data
$

Starts at the typical home value in Centennial. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $23,034 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$5,244

at 7.18% · 30 years

Loan amount
$646,180
Total interest
$929,701
Paid off in
November 2056

Includes $11,114 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,078 a month

  • Tight

    $3,078 to $3,958 a month

  • Hard

    more than $3,958 a month

    Your payment · 48%

Compared with the typical household income in Centennial ($131,928 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$5,244
Principal & interest$4,377
Property tax$302
Home insurance$274
FHA mortgage insurance (MIP)$291

You need at least $23,034 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Centennial and Arapahoe County

Centennial is in Arapahoe County, Colorado. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Centennial's own numbers

Typical home value
$658,100
Typical monthly rent
$2,148
Typical yearly household income
$131,928
Households that own their home
81%
Effective property tax rate
0.55%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Arapahoe County

FHA limit, one-unit home
$862,500
Conventional limit, one unit
$862,500
HUD fair market rent, 2 bedrooms
$2,169
Price change over 5 years (FHFA)
+36%
Homes in a high flood-risk zone
0.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Arapahoe County.

Everything about Arapahoe County

Buying

Buying a home in Centennial

A typical home in Centennial is worth $658,100: 17% above the county and 22% above Colorado. With the typical household income in Centennial ($131,928 a year), a typical home costs 5.0 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Centennial 5.0 years
  • Arapahoe 5.6 years
  • Colorado 5.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Arapahoe County

According to FHFA’s house price index, home prices in Arapahoe County rose 94% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Arapahoe County.

Period County Colorado U.S.
Last year (2025) −0.1% +0.1% +2.9%
5 years (2020–2025) +36% +38% +47%
10 years (2015–2025) +94% +93% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Centennial next to Arapahoe County, Colorado and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Centennial $658,100
  • Arapahoe $561,200
  • Colorado $539,400
  • United States $332,700
Typical monthly rent
  • Centennial $2,148
  • Arapahoe $1,891
  • Colorado $1,761
  • United States $1,413
Typical yearly household income
  • Centennial $131,928
  • Arapahoe $101,087
  • Colorado $95,470
  • United States $80,734
See the full table
Centennial next to Arapahoe County and Colorado
Measure Centennial Arapahoe County Colorado U.S.
Typical home value $658,100 $561,200 $539,400 $332,700
Typical monthly rent $2,148 $1,891 $1,761 $1,413
Typical yearly household income $131,928 $101,087 $95,470 $80,734
Households that own their home 81% 65% 66% 65%
Typical yearly property tax $3,588 $2,938 $2,602 $3,119
Effective property tax rate 0.55% 0.52% 0.48% 0.94%
Renters with high rent for their income 47% 56% 53% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Arapahoe County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Centennial

For a typical $658,100 home in Centennial, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Centennial's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $5,244a month

    Least cash to close
    Down payment
    $23,034
    Cash to close
    $42,777
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $291

  • Conventional, 5% down $5,124a month

    Down payment
    $32,905
    Cash to close
    $52,648
    Rate
    7.18%
    Mortgage insurance
    PMI · $313

  • Conventional, 20% down, no PMI $4,142a month

    Down payment
    $131,620
    Cash to close
    $151,363
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,751a month

    Down payment
    $98,715
    Cash to close
    $118,458
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Centennial and for Arapahoe County.

Property tax

Effective rate in Centennial

0.55%of the home’s value each year

$3,588 a year for the typical owner in Centennial.

  • Centennial 0.55%
  • Arapahoe 0.52%
  • Colorado 0.48%

What Colorado publishes Senior homestead exemption (owners 65 and older) (Colorado General Assembly (Colorado Revised Statutes 2024, Title 39))

Exemptions and deadlines in Colorado

Flood risk in Arapahoe County

FEMA does not publish these numbers by city: they are for all of Arapahoe County.

Homes in the high-risk zone
0.2%
397
Of those, with NFIP insurance
48%
County Colorado U.S.
Homes in the high-risk zone 0.2% 1.1% 3.5%
Of those, with NFIP insurance 48% 24% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Centennial

Typical rent in Centennial is $2,148 a month: 14% above the county. In Centennial, 47% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Arapahoe County, by unit size. To pay the 2-bedroom one ($2,169 a month) without spending more than 30% of your income, you would need to earn $41.71 an hour working full time.

HUD fair market rent for all of Arapahoe County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,751 $33.67 $70,040
1 bedroom $1,831 $35.21 $73,240
2 bedrooms $2,169 $41.71 $86,760
3 bedrooms $2,846 $54.73 $113,840
4 bedrooms $3,183 $61.21 $127,320

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Centennial

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Centennial has 3 ZIP codes with their own.

For 2 bedrooms it runs from $2,400 in 80112 to $2,570 in 80122.

3 of the 3 are above the fair market rent for Arapahoe County ($2,169).

  • 80016 $2,490$3,270
  • 80112 $2,400$3,150
  • 80122 $2,570$3,370

3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Centennial when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Centennial

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Arapahoe County; 1 says it serves in Spanish.

Two women and a girl laugh together at the bus stop.

HUD counseling is free or low-cost

Assistance programs in Centennial

No down payment, repair or rent-help program on our list is for Centennial or Arapahoe County. The ones below are statewide in Colorado: they work in Centennial the same as in the rest of the state.

Which programs do I qualify for? All programs in Colorado

  • CHFA Down Payment Assistance

    Statewide in Colorado

    Colorado state agency help with the down payment or closing costs: a grant of up to 3% of the mortgage or a deferred second mortgage of up to 4%, both capped at $25,000. Offered by Colorado Housing and Finance Authority (CHFA).

    GrantDeferred

    See the program Official page

  • CHFA FirstGeneration

    Statewide in Colorado

    Open, per the source

    $25,000 from the Colorado state agency for the down payment of first-generation buyers (neither you nor your parents have owned a home); repaid when you sell, refinance or pay off the mortgage. Offered by Colorado Housing and Finance Authority (CHFA).

    Deferred

    See the program Official page

Housing counselors near Centennial

The HUD-approved agencies closest to the center of Centennial, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Douglas County Housing Partnership

    9350 Heritage Hills Circle, Lone Tree · 4 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 2 more
    (303) 784-7859

  • NSC (naca Counseling Subsidiary) - Denver, CO

    14707 East 2nd Avenue Suite 110, Aurora · 9 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (303) 694-5437

  • Northeast Denver Housing Center

    2416 E Colfax Ave, Denver · 11 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (303) 399-9337

Every agency in Arapahoe County All counseling agencies in Colorado

Help in Spanish near Centennial

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Centennial

In HUD’s record, no housing authority with an office in Arapahoe County is named for Centennial or Arapahoe County.

4 other authorities have an office in Arapahoe County: see the list Source: HUD

Cities

Other cities in Arapahoe County

These cities are also in Arapahoe County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Arapahoe County Housing in Colorado

Nearby cities

The cities closest to Centennial, with the typical home value.

Neighboring counties

If Arapahoe County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Centennial.

All guides
A father holds his baby and his young son by a white picket fence.

Questions

Housing questions about Centennial

Short answers with the numbers for Centennial and all of Arapahoe County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Centennial?

The typical home value in Centennial is $658,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Arapahoe County it is $561,200.

How much does it cost to rent in Centennial?

Typical rent in Centennial is $2,148 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Arapahoe County is $2,169.

What is the FHA loan limit in Centennial?

Centennial uses the FHA limit for all of Arapahoe County (2026): $862,500 for a one-unit home and $1,658,700 for a four-unit home.

How much property tax do owners pay in Centennial?

The typical homeowner in Centennial pays $3,588 a year, according to the U.S. Census Bureau. That is 0.55% of the home’s value; in Arapahoe County, the rate is 0.52%.

Where can I find free help to buy or rent in Centennial?

There is 1 HUD-approved counseling agency with an office in Arapahoe County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).