Centennial, CO
Arapahoe County · Pop. 110,267
Ranked #164 of 243 cities
34Crisis
Median Home Price
🏠$520K
2.5% YoY
Median Rent
🔑$1,800
2.0% YoY
Median Income
💰$90K
Rent Burden
📊27.5%
% of income to rent
Income to Buy
🏦$149K
annual income needed
Income to Rent
📝$72K
annual income needed
Price-to-Income
⚖️5.8x
Homeownership
🏡72.0%
Rent vs. Buy
Buy
$2,768/mo
Est. mortgage (7%, 20% down)
Need $149K/yr income
Rent
$1,800/mo
Median rent
Need $72K/yr income
How Centennial Compares
| Metric | Centennial | Colorado | National |
|---|---|---|---|
| Home Price | $520K | $550K | $410K |
| Rent | $1,800 | $1,771 | $1,500 |
| Income | $90K | $93K | $75K |
| Rent Burden | 27.5% | 33.8% | 30.0% |
Key Takeaways
- • Home prices in Centennial are 27% higher than the national average.
- • Rent is 20% higher than the national average.
- • You need an income of $149K to comfortably buy a home here.
- • The homeownership rate is 72.0%, compared to 65.0% nationally.