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Centennial real estate market overview
- Average Monthly Rent: $2,014
- Home Price/Value Percentage Change: -1.30%
- Median Home Value: $644,030
- Best Time To Sell a Home: June
- Affordability Index: Low
- Days To Sell a House: 28
- Job Market: Fair
- Public School Ranking: 24
Location and weather
Centennial is the safest city in Colorado and one of the safest cities in the United States. Situated just 14 miles southeast of Denver, it is a part of the Denver metropolitan area. With a vast amount of green space, scenic mountain views and connections to some of the biggest trail networks in Colorado, Centennial celebrates the outdoor lifestyle Colorado is known for. The Littleton Public Schools and Cherry Creek School District are among the top school districts in the state, making Centennial the ideal place for families.
Centennial summers are warm, while the winters are cold and dry. Summer temperatures are in the mid-80's, with lows in the 60's. The winter temperatures are in the low 40's, with lows in the 20's.
Population, job market and cost of living
The Centennial population in 2023 is 110,830, with a growth rate of 0.73%.
The job growth has decreased by -4.88% over the last year and in ten years, is predicted to have increased by 42.45%. The major industries are in retail trade, professional, scientific, and technical services, and health care. The largest employers are Ineo, Arrow Electronics, Hospital Couriers, Direct Travel and United Launch Alliance.
The cost of living is high, due to the Centennial real estate market and cost of available housing. With its reputation for safety, proximity to Denver, connection to some of the biggest trail networks and recreational spaces in Colorado, job growth and highly rated schools, Centennial will continue to attract families that want a suburban, out-door based lifestyle.
Centennial real estate market details
- Homestead in the Willow
- Southglenn
- Pine Creek
- Castlewood
The average monthly rent in Centennial is $2,014 for an average apartment size of 958 sq. feet.
There has been a -1.3% decrease in median home value over the last year. As of 2023, the median home value is $644,030.
On average, homes in Centennial sell after 7 days on the market.
The best time to sell a home for the highest valued sale is during June. For the quickest sale, homeowners should sell in June.
The affordability index in Centennial is 134. This number indicates low affordability in this city.
The top ranked public schools are Walnut Hills Community Elementary School, Endeavor Academy, Campus Middle School, Cherry Creek High School. This information is based on data measuring academic performance and equity.