Colorado HOA Statistics 2024: How Many People Live in HOAs?
Nearly Half of Coloradans Live in HOAs
According to the Colorado Division of Real Estate’s 2024 HOA Annual Report (PDF), about 2.73 million people, or 46 percent of the state’s population, live in a homeowners association (HOA). That is nearly one in every two Coloradans.
HOAs (also called common interest communities, or CICs) keep growing each year. At the end of 2024, Colorado had 8,362 active HOAs, up more than 3 percent from the year before.
Who Manages Colorado HOAs?
80 percent are professionally managed. These communities hire management companies to handle operations, collect dues, and coordinate maintenance.
20 percent are self-managed. These are run directly by homeowners on the board, usually in smaller communities.
Why it matters financially: Professionally managed HOAs often have higher dues but more structure. Self-managed HOAs may have lower dues but risk financial mismanagement if volunteer boards lack experience.
What This Means for Buyers
Buying into an HOA means you are not just purchasing a home, you are joining a shared financial system. Your money goes toward:
Maintenance of common areas (roads, roofs, landscaping).
Insurance premiums for shared property.
Building reserves for major repairs.
When nearly half of Colorado lives in an HOA, it is clear that understanding HOA finances is just as important as understanding your mortgage.
Key Takeaway
HOAs play a major role in Colorado’s housing market. Before you buy, do not just look at the house. Look at the HOA’s financial health. Rising dues, underfunded reserves, or high delinquency rates can all affect your long-term costs.
How I Can Help
I specialize in reviewing HOA financials for homebuyers. My goal is to give you a clear picture of the HOA’s money situation so you can make a confident decision.
How It Works: My Service — see exactly what I review, how I analyze financials, and what you’ll get.
About Insight Financial Consulting — learn about who I am and why I care about HOA transparency.
Contact me today — ready to dive into HOA financials? I’m here to help.
Source: Colorado Division of Real Estate, 2024 HOA Annual Report
Disclaimer: This post is for informational purposes only. I provide financial reviews of HOA documents, not legal advice. For legal questions, consult an attorney.
