Centennial vs. Lone Tree: Single-Family Homes Under $750K

I'm Brian Lee Burke, and I've been a REALTOR since 2003. If you want a single-family home under $750,000 south of Denver, Centennial and Lone Tree both come up. The numbers are lopsided: on October 29, 2026, Centennial had 138 single-family homes for sale at $750,000 or less, and Lone Tree had 7.

Here's how they compare in that price range and overall, using MLS data I pulled that day and official city and county sources.

Chapters

1. Centennial and Lone Tree Side by Side
2. Under $750,000, Centennial Has Far More Choice
3. The Overall Markets
4. Property Taxes
5. Rail, Shopping and Health Care
6. Home Age
7. Choose Centennial or Lone Tree Based on These Points
8. Questions I Hear Most

Centennial and Lone Tree Side by Side

MLS data by mailing city, pulled October 29, 2026; sold figures cover about October 29, 2025 to October 28, 2026 (residential; single-family rows use the single-family home type). Population: Census Vintage 2025. Levies: Arapahoe and Douglas County 2025 reports. Median year built: ACS 2020–2024.

Under $750,000, Centennial Has Far More Choice

138 single-family homes at $750,000 or less were for sale in Centennial on October 29, 2026, averaging 65 days on market. Lone Tree had 7. Over the prior 12 months, 653 Centennial single-family homes sold in that range at a median of $629,000, and 52 sold in Lone Tree at a median of $587,500.

If you're set on Lone Tree under $750,000, get pre-approved and set an alert before you start, because very little comes up.

The Overall Markets

Across all home types, Centennial's median sold price was $650,000 on 1,310 sales, and Lone Tree's was $825,000 on 255 sales. Lone Tree had 71 homes for sale on October 29, 2026, 12 of them new construction, largely in RidgeGate. Centennial had 282, 13 of them new.

Property Taxes

The City of Lone Tree levies no property tax of its own, but metro districts are common: Lone Tree tax districts total 69.821 to 175.457 mills, and a Heritage Hills area is 124.433. Centennial's city levy is 5.076 mills, with sample totals about 94.6 to 115.0.

On a $700,000 Assessor value at 2025 levies, that's about $4,480 in a Centennial Cherry Creek schools area (95.562 mills) and about $5,700 in a Lone Tree Heritage Hills area. Check the exact parcel.

Rail, Shopping and Health Care

Lone Tree has five light rail stations in the city: County Line, Lincoln, Sky Ridge, Lone Tree City Center and RidgeGate Parkway. Park Meadows (8401 Park Meadows Center Dr.) and Sky Ridge Medical Center (10101 RidgeGate Pkwy.) are in Lone Tree. Centennial has Dry Creek Station inside the city.

Home Age

Census figures put the median year built at 2004 in Lone Tree and 1983 in Centennial. Under $750,000 in Centennial you'll mostly be looking at established homes, so ask for the age of the roof, furnace, water heater and sewer line, and get a sewer scope.

Choose Centennial or Lone Tree Based on These Points

Centennial may make more sense if you want:

• A single-family home under $750,000, with real choice
• Bigger lots on average

Lone Tree may make more sense if you want:

• Newer homes, including new construction in RidgeGate
• Five light rail stations and Park Meadows in the city
• No city property tax (metro districts still apply)

More: South metro compared, Centennial vs Highlands Ranch.

Questions I Hear Most

Still Deciding?

Under $750,000, Centennial has the inventory and Lone Tree has very little. Above that, it comes down to home age, transit and the tax stack on the exact address.

Call or text my office at 303-955-4220, or send us a message, and we'll pull the taxes, HOA, water and boundary details for any address in either one.