3.24% drop in Colorado's homeownership rate from 2014 to 2023 due to high housing costs and a booming economy.
3.24% drop in Colorado's homeownership rate from 64.8% in 2014 to 62.7% in 2023 revealed by Agent Advice, due to high housing costs (5th highest in US with avg rent of $1,594) and state's booming economy. Colorado ranked 9th worst for saving money with residents spending 22.12% of income on housing. New Jersey had the worst homeownership rate drop (5.47%), while Maryland saw the highest growth (12.15%).
July 28, 2024
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