Real Estate Investing in Centennial, Colorado
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in Centennial, CO? Our answer, based on the numbers below.
For Homebuyers
MIXED
Grade C (58/100)
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
For Investors
WEAK
2.5 / 5
(40/100)
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
Risks to Know
CLEAN
No major risk flags on the data we track.
What’s happening in Centennial, CO?
Click any question — our AI will research it live from the web and show you sources.
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
Avg Investability
★★★★★
Avg Home Value
$618,213
Avg Monthly Rent
$2,388
ZIP Codes
4
Market Trends — Centennial, CO
Home Value History
Rent History
Local Pulse Report
AI-researched developments and news for Centennial, CO. Updated on demand as visitors ask.
Growth & development in Centennial, CO Updated 143 days ago
Centennial is experiencing significant mixed-use and residential development, alongside infrastructure improvements and some business departures statewide.
Opportunities
- The Garrett Companies are building 368 multifamily units at 6901 South Havana Street, with amenities, expected to rise in Midtown Centennial. — This expands housing options and contributes to the vision for a vibrant, mixed-use Midtown. The Real Deal
- United Properties broke ground on phase one of a 43-acre industrial campus in Centennial, including two buildings totaling over 250,000 square feet. — This industrial campus will create new commercial space and potential job opportunities. Centennial Business Monthly
- The 4-acre expansion of Centennial Center Park was completed in October 2023, adding picnic areas, a gazebo, and gathering spaces. — This provides enhanced recreational opportunities and public green space for residents. CCD Magazine
- A 214 kW rooftop and canopy solar PV system was implemented at the Civic Center and Public Works Building, producing 329 MWh annually. — This project reduces energy consumption and carbon emissions for city facilities. Iconergy
- Excalibur Classical Academy is opening in Fall 2026 in Centennial, offering a K-12 classical education after a $3.6 million office building purchase. — This provides a new educational choice for families in the area. Centennial Business News
Concerns
- The former Arrow Electronics headquarters at 9201 E. Dry Creek is being demolished for a multi-family development. — This represents the loss of a significant office building and potential corporate presence. Centennial Business Monthly
- Colorado has seen 98 companies relocate or scale back operations out of state between 2019 and 2025, resulting in over 13,600 lost jobs statewide. — This indicates a broader trend of businesses leaving Colorado, potentially impacting local employment. SummitDaily.com, CBS News
Bottom line: Centennial is actively pursuing new residential and mixed-use developments and infrastructure upgrades, despite a statewide trend of some businesses leaving Colorado.
Local news & events in Centennial, CO Updated 143 days ago
Centennial is celebrating its 25th anniversary with numerous community events, while residents express concerns about airport noise and pollution, and local crime trends show a mixed picture.
Opportunities
- Centennial is celebrating its 25th anniversary in 2025 with a series of family-friendly events, including "Celebrate Centennial" and "Centennial Under the Stars." — These events expand opportunities for community engagement and entertainment for residents of all ages. City of Centennial
- The city is hosting a "Sip in Centennial" event on October 17th, an outdoor adult tasting event celebrating Colorado's beverage scene. — This provides a new social and recreational opportunity for adult residents.
- Overall crime in Centennial was down 27% compared to the previous month, with property crime decreasing by 35%. — A decrease in overall and property crime enhances residents' safety and security.
- Centennial Center Park continues to host various community gatherings, concerts, and festivals throughout the year. — These ongoing events provide consistent opportunities for recreation and community connection.
Concerns
- Residents near Centennial Airport have expressed concerns about noise and air pollution, particularly from leaded fuel used by prop planes. — This imposes unconsented environmental and health costs on residents, affecting their quality of life.
- Violent crime, including shootings, assaults, and robberies, has increased by 75% in Centennial. — An increase in violent crime restricts residents' sense of safety and well-being.
- Centennial, CO faces very high risks from heat and drought, with the average water stress projected to be higher by 2050. — These environmental challenges could lead to increased costs for water and potential restrictions on usage, impacting daily life.
- There is significant resident opposition to new housing developments at SouthGlenn due to concerns about increased traffic and potential impacts on neighborhood character. — This opposition highlights resident concerns about potential negative impacts on their community and infrastructure.
Bottom line: Centennial is actively fostering community engagement through numerous events, but residents are increasingly vocal about environmental concerns related to the airport and rising violent crime rates.
Schools in Centennial, CO Updated 143 days ago
Cherry Creek School District voters approved a significant bond and mill levy in November 2024, funding facility upgrades, program expansions, and increased staff support.
Opportunities
- Voters approved a $950 million bond and a $9 million mill levy in November 2024. — This provides substantial funding for capital improvements, operational expenses, and allows for new programs and facility modernizations. Sentinel Colorado, CCSD
- The Cherry Creek Innovation Campus (CCIC) is expanding, nearly doubling its footprint and adding nine new career pathways by Fall 2026. — This significantly expands access to in-demand career training for high school students, offering more choices for post-graduation success. Cherry Creek School District, CBS News
- A new elementary school combining Holly Hills and Holly Ridge is expected to open in Fall 2027. — This replaces aging facilities with a modern learning environment for students in those areas. Cherry Creek School District
- The district's teacher apprenticeship program expanded from 16 to 58 apprentice teachers across 15 schools in its second year, including a new special education pathway. — This program helps address teacher shortages and provides aspiring educators with valuable classroom experience and affordable degree options. Cherry Creek School District
- Cherry Creek School District achieved its highest-ever on-time graduation rate of 91.6% for the class of 2025. — A higher graduation rate indicates improved student success and preparedness for future endeavors. Cherry Creek School District
Concerns
- The bond and mill levy measures approved in November 2024 will result in increased property taxes for residents. — This imposes additional costs on property owners in the district. The Villager, Sentinel Colorado
- Some older school buildings, like parts of Cherry Creek High School, have experienced significant infrastructure issues such as sewage problems and black mold. — These issues can create unhealthy and disruptive learning environments for students and staff. The Villager
- Colorado's School Finance Act does not provide funding for facilities or capital projects, requiring districts to rely on local bond measures. — This places the entire financial burden of facility maintenance and construction directly on local taxpayers through bond measures. Sentinel Colorado, Cherry Creek School District
Bottom line: The Cherry Creek School District is undergoing significant facility and program expansions funded by a recently approved bond, while also experiencing a slight enrollment increase.
Civic & policy in Centennial, CO Updated 143 days ago
Centennial has seen significant local government activity regarding housing, zoning, and public engagement, alongside statewide property tax changes.
Opportunities
- On May 7, 2024, the Centennial City Council unanimously approved an ordinance allowing Accessory Dwelling Units (ADUs) on single-family properties, effective June 15, 2024. — This expands housing options and potential rental income for homeowners. Walnut Hills Civic Association
- In August 2024, Centennial City Council approved changes to the Land Development Code to expand public engagement opportunities in the land development process. — This provides residents and tenants more chances to offer input on proposed projects earlier. City of Centennial
- The City of Centennial offers tax exemptions and relief programs for eligible homeowners, including seniors and disabled veterans. — These programs can significantly reduce property tax burdens for qualifying residents. Lisa Snyder
Concerns
- Colorado property taxes are rising, with some homeowners in Centennial seeing increases of 20% to over 40% in their 2026 tax bills due to the expiration of temporary state discounts. — This imposes significant unconsented cost increases on homeowners. Colorado Politics
- Centennial's zoning ordinances strictly regulate short-term rentals (STRs), requiring owner occupancy for at least 185 days per year and limiting occupancy to 2 renters per bedroom, with a cap of 8 per property. — These regulations restrict property owners' ability to utilize their homes for short-term rental income. BNBCalc
- Centennial City Council passed Ordinance No. 2026-O-03 on April 7, 2026, adopting the 2025 Colorado Wildfire Resiliency Code. — This new code establishes minimum regulations for wildfire-resistant construction and defensible space, potentially imposing new costs on property owners. City of Centennial
- The City of Centennial supports a lawsuit against state housing bills (HB24-1304 and HB24-1313) that aim to place statewide mandates on home rule municipalities regarding minimum parking requirements and housing in tran… — This action indicates potential resistance to state-level efforts that could increase housing density or reduce parking requirements, which some residents may see as beneficial. City of Centennial
Bottom line: Centennial is balancing increased housing flexibility with new regulations and rising property tax burdens, while also asserting local control over zoning.
AI-generated from public web sources. Always verify with official records. Not financial, legal, or investment advice.
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Landlord Ground Truth
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Property managers serving Arapahoe County
Manage rentals here? List your business →Accord Property Management, Llc
Aurora, CO
Accord Property Management provides HOA Management Services in Aurora, CO. summary from their website
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Advance Hoa Management, Inc.
Greenwood Village, CO
Advance HOA provides professional HOA management and Metro District services in Colorado and Arizona. summary from their website
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Dunmire Property Management
Aurora, CO
Dunmire Property Management offers professional management services for properties in Colorado Springs, including Creek View Apartments, The Hilltop At Valley Hi Apartments, and Gabion Apartments. summary from their website
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Avg Home Value
$618,213
Avg Monthly Rent
$2,388
1% Rule
✗ Below
Landlord Friendly (CO)
★★★★★
ZIP Codes in Centennial, CO
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View PlansFrequently Asked Questions About Centennial, CO
Is Centennial, CO a good market for buy-and-hold investors?
Investors tracking Centennial, CO will find a 2.5/5 rating supported by $618K median home values and $2,388/mo rents. That profile suits long-term holders targeting stable returns.
What are vacancy rates like in Centennial, CO?
Centennial, CO sees elevated vacancy, which is reasonable relative to the broader CO rental market.
Are tenants stable in Centennial, CO?
Centennial, CO draws a predictable base of working renters. Demand at the $2,388/mo rent level is reasonable for standard single-family and small multi rentals.
Can I house hack in Centennial, CO?
Centennial, CO offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,388/mo rent level.
Which real estate strategy fits Centennial, CO?
The best-fit strategy in Centennial, CO is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
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