From 2010 through 2018, Colorado’s population increased by over 666,000 people, according to the U.S. Census. To put this in perspective, Denver’s population is just 619,000 people, so our population growth is like adding a new major city to the region. Naturally, with such a large influx of people, Colorado is experiencing a housing shortage, causing the cost of renting to increase.
There is no single solution or quick fix for this shortage and the result is high renting costs, but there are a collection of policy solutions that together will reduce the cost of housing and improve the diversity of residential housing options. For more information on policy solutions, click here.