Home Insurance in Centennial, Colorado
The median home value in Centennial is $658,100, 17% higher than the Arapahoe County median.
The typical home in Centennial was built around 1983. About 3% of homes were built before 1960, about 6 points below Arapahoe County's 9%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Centennial, the housing stock is 83% single-family homes and 15% apartments in buildings with 5+ units.
About 71% of owner-occupied homes in Centennial have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 81% of occupied homes in Centennial are owner-occupied. The vacancy rate is 2%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
77% of homes in Centennial are primarily heated with natural gas.
What's the biggest home insurance risk near Centennial? FEMA's National Risk Index points to hail (Very High) in Arapahoe County and Arapahoe County had 773 active NFIP flood policies as of September 2026. See the full Arapahoe County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Colorado is $2,492 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $658,100 |
|---|---|
| Median year built | 1983 |
| Owner-occupied share | 81% |
| Share of owner-occupied homes with a mortgage | 71% |
| Top county hazard | Hail (Very High) |
| Active NFIP policies in Arapahoe County | 773 |
| Home insurance premium | $2,492 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)