Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 109,741 people, 38,991 houses or apartments, and a median cost of homes of $423,898, real estate costs in Centennial are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Colorado communities.
Single-family detached homes are the single most common housing type in Centennial, accounting for 77.17% of the city's housing units. Other types of housing that are prevalent in Centennial include large apartment complexes or high rise apartments ( 11.78%), row houses and other attached homes ( 9.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.21%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Centennial. Owner-occupied housing accounts for 81.48% of Centennial's homes, and 69.03% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Centennial built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Centennial built between 1940-1969 ( 16.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.78%).
In the last 10 years, Centennial has experienced some of the highest home appreciation rates of any community in the nation. Centennial real estate appreciated 47.18% over the last ten years, which is an average annual home appreciation rate of 3.94%, putting Centennial in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Centennial definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Centennial that despite a nationwide downturn in the housing market, Centennial real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Centennial appreciation rates continue to be some of the highest in America, at 10.68%, which is higher than appreciation rates in 95.48% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Centennial. Centennial appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.
Importantly, this makes Centennial one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Colorado, our data show that Centennial's latest annual appreciation rate is higher than 70% of the other cities and towns in Colorado.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Centennial differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Centennial - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Centennial real estate investment or home purchase decisions.
|$1,039,001 - $1,385,000||2.4|
|$692,001 - $1,039,000||9.0|
|$554,001 - $692,000||13.6|
|$415,001 - $554,000||27.2|
|$277,001 - $415,000||34.7|
|$139,001 - $277,000||9.4|
|$69,001 - $139,000||0.8|
|$0 - $69,000||1.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Centennial HOMES|
|2000 or Newer||6.8|
|1970 - 1999||75.9|
|1940 - 1969||16.8|
|1939 or Older||0.5|
|TYPE OF Centennial HOMES|
|Small Apt. Buildings||1.2|
|SIZE OF Centennial HOMES|
|5 or more bedrooms||12.46|