Centennial, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Centennial Neighborhoods Since 2000




Centennial, CO Real Estate Data


Centennial Housing Market Information

With a population of 109,741, 38,423 total housing units (homes and apartments), and a median house value of $455,870, Centennial house prices are not only among the most expensive in Colorado, Centennial real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Centennial, accounting for 77.79% of the city's housing units. Other types of housing that are prevalent in Centennial include large apartment complexes or high rise apartments ( 10.87%), row houses and other attached homes ( 9.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.28%).

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 82.25% of Centennial's homes, and 70.34% 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 ( 17.15%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.88%).

Centennial Home Appreciation Rates

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 42.26% over the last ten years, which is an average annual home appreciation rate of 3.59%, 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 9.30%, which is higher than appreciation rates in 96.40% 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 3.81%, which equates to an annual appreciation rate of 16.13%.

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 80% 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.

Average Home Values

 

Median Home Value:
$455,870

Centennial, CO HOME PRICES

Value Range
> $1,440,000 1.1
$1,080,001 - $1,440,000 1.9
$720,001 - $1,080,000 8.1
$576,001 - $720,000 11.2
$432,001 - $576,000 25.8
$288,001 - $432,000 38.4
$144,001 - $288,000 10.6
$72,001 - $144,000 1.1
$0 - $72,000 1.9

Very High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
7.48960590267611 18.7772925764192

Number Of Homes And Apartments:
38,423

Rent & Ownership

 

Average Market Rent:
$2,073 / per month

Homeownership Rate

Homeownership
Owners 82.25
Renters 17.75
Vacant 2.96

Housing Market Details

 

Age of Homes

AGE OF Centennial HOMES
2000 or Newer 5.9
1970 - 1999 76.6
1940 - 1969 17.1
1939 or Older 0.4

Types of Homes

TYPE OF Centennial HOMES
Single-Family 77.8
Townhomes 9.7
Small Apt. Buildings 1.3
Apt. Complexes 10.9
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Centennial HOMES
No Bedroom 0.22
1 Bedroom 4.59
2 Bedrooms 12.60
3 Bedrooms 32.65
4 Bedrooms 37.69
5 or more bedrooms 12.26

Centennial Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
69.42% 3.15% 8 8
* 10 is highest