SmartAsset just released a report last week on the best states to be a homeowner in based on 9 metrics—average price per square foot, the 1 year percentage change in value per square foot, the foreclosure rate, average effective property tax rate, annual property taxes, average closing costs, average homeowners insurance, and the burglary rate.

The average CO home had a value per square foot of $230 and this figure rose 9% from 2016 to 2017. Colorado also has the 3rd lowest property tax rate in the country at 0.51%. It definitely pays off to be a homeowner in Colorado.