Mortgage Rates in Centennial, Colorado — March 2026
Updated March 2026 | Based on Centennial market data and regional lending conditions
Centennial is a growing city in Colorado with a population of 110,263. The current 30-year fixed mortgage rate in Centennial is 6.64%, which is 0.01% below the national average. With a median home price of $507,000 and a 20% down payment of $101,400, homebuyers can expect a monthly principal and interest payment of approximately $2,601.
Current Mortgage Rates in Centennial, CO
Below are the current average mortgage rates available in the Centennial area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.64% | 6.65% | -0.01% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Centennial Housing Market Overview
The Centennial housing market is competitive with prices well above the national median. The median household income in Centennial is $74,700, and the cost of living index is 106.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $120,514 to comfortably afford the median-priced home in Centennial, which exceeds the current median household income.
Monthly Payment Breakdown for Centennial
Based on the median home price of $507,000 with 20% down ($101,400), here is what you can expect to pay monthly in Centennial:
15-Year vs. 30-Year Mortgage in Centennial
Choosing a 15-year mortgage in Centennial at 5.9% instead of a 30-year at 6.64% would save you $324,180 in total interest over the life of the loan. However, your monthly payment would be $3,401 instead of $2,601 — an increase of $800 per month.
Calculate Your Centennial Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Centennial
What are the current mortgage rates in Centennial, CO?
As of March 2026, the average 30-year fixed mortgage rate in Centennial, Colorado is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Centennial?
Based on the median home price of $507,000 with 20% down, the estimated monthly mortgage payment in Centennial is $2,601 for principal and interest. Including property taxes of $211/month, the total monthly housing cost is approximately $2,812.
What income do I need to buy a home in Centennial?
Using the 28% rule, you would need an annual income of approximately $120,514 to afford the median-priced home in Centennial at $507,000. The median household income in Centennial is $74,700. This means most households would need to either earn above the median or consider homes below $507,000.
Is Centennial a good place to buy a home in 2026?
Centennial has a moderate cost of living with a cost of living index of 106.3 (national average = 100). The property tax rate in Colorado is 0.5%, which is below the national average. Centennial has a population of 110,263 and offers a balanced lifestyle.
Mortgage Rates in Other Colorado Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Centennial, Colorado area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.