Centennial 4plexes: House Hacking in Centennial, Colorado
For a buyer considering Centennial, the local picture is a city of about 108,658 people where the median household income in Centennial is $135,629 and the typical home value in Centennial sits at $626,600. This guide connects those Centennial figures to financing a Centennial purchase, to what to inspect in Centennial, and to life in Centennial after closing.
Stats snapshot: Centennial, Colorado
Centennial counts roughly 108,658 residents, with a median household income of $135,629 in Centennial and a typical home value of $626,600 in Centennial. A buyer reading this page about Centennial should keep all three Centennial figures in view at once, because a house hack in Centennial is judged on the relationship between what a property in Centennial costs, what its units rent for in Centennial, and what local households in Centennial earn.
| Measure | Centennial | Denver (state capital) |
|---|---|---|
| Population, July 1, 2025 (Census Vintage 2025) | 108,658 | 740,613 |
| Median household income (ACS 2024 1-year, B19013) | $135,629 | $92,504 |
| Households earning under $50,000 | 12.6% | 26.0% |
| Households earning $50,000 to $99,999 | 22.1% | 27.2% |
| Households earning $100,000 to $199,999 | 35.8% | 25.9% |
| Households earning $200,000 or more | 29.6% | 20.9% |
| Median gross rent (ACS 2024 1-year, B25064) | $2,213 a month | $1,870 a month |
| Median earnings, workers 16+ (ACS 2024 1-year, B20017) | $75,032 | $63,345 |
| Typical home value (Zillow ZHVI, September 2026) | $626,600 | $520,947 |
Affordability in Centennial cuts both ways for a house hacker in Centennial. A year of median rent in Centennial ($2,213 a month) equals 19.6% of the median household income in Centennial, which shows how much room tenants in Centennial have in their budgets, and 4.24% of the typical home value in Centennial, which shows how rents in Centennial stack up against prices in Centennial. Strong on the first and soft on the second means tenants in Centennial can pay but values in Centennial are high; the reverse means cheaper buildings in Centennial with tighter tenant budgets in Centennial.
Loan help for a Centennial buyer
Owner-occupants in Centennial can use the loan types on our Loan Types page for a Centennial purchase. An FHA loan for a Centennial buyer can go as low as 3.5% down on a 1-4 unit primary residence in Centennial, and a conventional loan for a Centennial buyer as low as 5% down on an owner-occupied 2-4 unit property in Centennial. Veterans buying in Centennial may qualify for a VA loan with typically no down payment in Centennial. Which of those fits a Centennial buyer depends on income, credit, and the property in Centennial — a lender licensed in Colorado can walk through the options for your situation in Centennial.
In Centennial, a buyer-occupant in Centennial is choosing mainly among FHA at 3.5% down in Centennial, conventional at 5% down in Centennial, VA with typically no down payment for eligible veterans in Centennial, and the two income-capped GSE programs for Centennial, HomeReady and Home Possible, at 5% down in Centennial.
Do not budget a Centennial purchase around help that cannot apply in Centennial: USDA does not cover fourplexes in Centennial at all, and many state and local assistance programs require a single-family, one-unit home in Centennial, so neither fits a four-unit purchase in Centennial unless the program's own rules for Centennial say otherwise.
High earners in Centennial should note the income caps on the two GSE affordable programs for Centennial: HomeReady and Home Possible for Centennial both stop at 80% of area median income for Centennial, and with 29.6% of local households in Centennial at $200,000 or more, many buyers in Centennial will exceed that line for Centennial. That leaves FHA at 3.5% down in Centennial and conventional at 5% down in Centennial as the usual low-down-payment routes for Centennial, plus VA for eligible veterans buying in Centennial — all on the Loan Types page for Centennial.
Start with the Loan Types page for the full comparison for a Centennial purchase, then confirm your situation with a lender.
What living in Centennial looks like
The image above captures The Centennial Civic Center (City Hall) on Arapahoe Road in Centennial, Colorado. in Centennial. A fourplex owner in Centennial is buying into that daily life in Centennial as well as into rental income in Centennial, which is why location inside Centennial matters as much as the building itself in Centennial.
Living in one unit of a Centennial fourplex means sharing walls, a yard, and a building in Centennial with three tenant households in Centennial. The rent figures in the stats table for Centennial show what housing costs look like in Centennial: a median gross rent in Centennial of $2,213 a month, against a median household income in Centennial of $135,629. An owner in Centennial who keeps the building in Centennial in good repair and prices rents in Centennial from real comps, not from hope, is the one whose tenants in Centennial stay.
Sources: U.S. Census Bureau, American Community Survey 2024 1-year estimates (tables B19001, B19013, B25064, B20017); Census Vintage 2025 population estimates, July 1, 2025; Zillow Research ZHVI, September 2026. Typical home value is the Zillow ZHVI modeled typical value, not a median sale price.