These Colorado counties saw the biggest rises and drops in homeownership in recent years

A study recently published by Turbo Debt sought to determine which places around the country have seen the biggest changes in homeownership rates between 2020 and 2024, with many Americans making the decision to buy a home during the early coronavirus pandemic and months that followed.

Of the 50 states plus DC, only one place saw a drop in the raw number of local homeowners – West Virginia – and only DC saw an overall drop in homeownership rate at a one percent decline, though DC did still end up gaining homeowners overall in terms of raw numbers. Overall, Florida saw the largest increase in the raw number of homeowners, gaining 631,323 homeowners, yet Hawaii saw the largest percent change at plus 4 percent.

During this four-year stretch, Colorado saw a shift of 1,371,145 homeowners statewide to 1,507,547 homeowners, with the local homeownership rate increasing by about one percent – the 15th-largest increase across the US.

What's perhaps more interesting is what counties around the Centennial State saw the biggest increases and drops in homeownership rates.

The top five counties when it came to increasing homeownership rates between 2020 and 2024 were as follows:

Lake County (home to Leadville): 15 percentLogan County (home to Sterling): 10 percentOuray County (home to Ouray): 9 percentRio Blanco County (home to Meeker and Rangely): 9 percentOtero County (home to La Junta): 8 percent

Meanwhile, the counties that saw the biggest dip in homeownership rates were:

Mineral County (home to Creede): -15 percentSan Juan County (home to Silverton): -12 percentChaffee County (home to Buena Vista and Salida): -7 percentSedgwick (home to Julesburg): -4 percentSaguache (home to Sagauche, Crestone, and Moffat): -2 percent

Homeownership rates can be impacted by a number of factors, including increasing or decreasing populations, new housing developments, and more.

What do you think these Colorado counties saw changes in the way they did? Let us know in the comments.

Find a nationwide report here .

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