Living in Centennial, CO
Centennial offers a perfect blend of suburban tranquility and urban convenience. The city thrives on its community spirit, attractive parks, and quality schools. With its excellent connectivity to Denver and recreational options, it's an ideal location for families and investors looking for real estate opportunities.
Current Market Conditions in Centennial, CO
The real estate market in Centennial, CO, has been experiencing steady growth, with home prices increasing over recent years due to strong demand and limited inventory. Investors are particularly attracted to this market as the area continues to develop, making it a prime location for potential appreciation in property values.
Moreover, the rental market remains competitive, fueled by an influx of new residents seeking housing in this desirable suburb. With low vacancy rates and favorable rental yields, real estate investors can find lucrative opportunities here, especially in single-family homes and townhouses.
Home Value Estimator For Centennial, CO
There are currently 36,637 real estate properties
in Centennial, CO,
with a median automated valuation model (AVM) price
of $668,525.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Centennial, CO, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Centennial, CO,
is $738,155.00, with the most expensive house
in Centennial, CO, topping out
at $129,384,724.00 and the cheapest home
in Centennial, CO,
clocking in at $13,501.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Centennial, CO!
Rent Prices
In Centennial, CO
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Centennial, CO, is on
a rollercoaster ride. The
average rent price in Centennial, CO,
is $2,196.00. Indeed, when looking to rent in
Centennial, CO, you can expect to pay as little
as $1,440.00 or as much
as $5,280.00,
with the average rent median estimated to
be $2,160.00. The good news is that finding
an affordable and desirable property to rent in Centennial, CO
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
