Our readers say YES! Colorado is one of the fastest-growing states in the nation and was recently ranked as third for “healthiest economy”, eighth for “innovation potential” and ninth for “economic activity” by WalletHub.
When you think of Colorado, you likely picture snowy mountains and incredible ski resorts. In reality, the state is perfect for any outdoor activities throughout the seasons, whether that’s whitewater rafting, biking, hiking, kayaking - you name it! Not to mention Denver and Vail are one of the biggest areas for concerts and breweries.
So why invest in a second home in the Centennial State?
Colorado has one of the lowest sales tax and lowest residential property taxes in the country, with an average effective rate of 0.49%. Not only that, but it’s ranked as the 8th best state for traditional and Airbnb rental income.
With a bustling market and something to enjoy no matter the season, as well as easy access to neighboring states, consider this the new land of opportunity.