Centennial, CO home values, income, and owner costs

The published evidence provides the starting point: In Centennial, CO, the 2024 ACS reports a median owner-occupied home value of $658,100, median household income of $131,928, and median selected monthly owner costs of $2,672 for owners with a mortgage. In practical terms, together, those three reference points can help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $2,672 measure combines recurring ownership expenses instead of real estate taxes alone. For the decision at hand, a useful affordability review starts with $658,100, $131,928, and $2,672, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Centennial, CO's $658,100 median home-value estimate is above the statewide $539,400 estimate, with a reported city-to-state gap of 22.0%. In practical terms, that 22.0% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Centennial, CO. It does not mean every local property is 22.0% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. For the decision at hand, a borrower can apply $658,100 and $539,400 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.