Photo by Ronnie R

D.C. is not only the nation’s capital, it’s the country’s leading metro area with homeowners paying off mortgages, according to a new analysis.

LawnStarter, a startup specializing in lawn care resources, analyzed data from the U.S. Census Bureau to come up with its list of the 14 most mortgaged metros in America.

At 78 percent, the District had the highest share of homes with mortgages among the country’s 100 largest metro areas in 2015. D.C. also has the highest number of owner-occupied homes at 1.3 million, with more than 1 million tied down with mortgages.

Denver, Colorado; Raleigh, North Carolina; Oxnard-Thousand Oaks-Ventura, California; and Colorado Springs, Colorado rounded out the top five.

Redfin real estate agent Steven Centrella said in the report that part of D.C.’s high percentage comes from the region’s transient population, which includes a sizable number of millennial transplants. A few years ago, the Wall Street Journal reported that the region saw an average annual net gain of 12,583 people between the ages 25 to 34—the biggest gain in the country.

“D.C. is not a large market for retirees or downsizers who may be more likely to own their homes outright,” Centrella said. “And while there are lifetime Washingtonians, of course, a large percentage of the home-buying population has moved here from somewhere else for job and educational opportunities.”

Many of these residents won’t live in D.C. forever, and purchase homes without the intention of owning them for 30 years or more, he adds.