2021 Greeley, Colorado, Real Estate Market Investing Forecast
Anchor institutions
Greeley is known for its agricultural contributions, but the city has worked diligently to grow in several other sectors.
Agriculture and Food. JBS USA, a food company and subsidiary of JBS SA, which is the world’s largest processor of fresh beef and pork, is located in Greeley. With more than 4,500 employees, JBS USA is the largest employer in Greeley. Leprino Foods, a newcomer to the region, produces more mozzarella cheese than any other company in the world and employs over 500 people. Weld County ranks 8th in the country out of $ 1.54 billion in annual agriculture.
Health care. North Colorado Medical Center, operated by Phoenix-based Banner Health, is Greeley’s second largest employer. NCMC is nationally recognized for the treatment of burns and trauma and is in the top 100 for cardiology. NCMC employs over 3,500 residents.
Notable schools
There are several public and private universities in Greeley. With enrollment increasing year on year, student housing offers an opportunity for real estate investors.
University of Northern Colorado
The University of Northern Colorado, which offers undergraduate, graduate, professional, and doctoral degrees, is divided into two main areas: Central and West. As of autumn 2020, over 11,400 students will be enrolled.
Aims Community College is a public 2 year college overlooking 100 miles of Rocky Mountain splendor. In addition to day and night courses, Aims offers more than 200 study and certificate programs. Over 9,000 students were enrolled by autumn 2020.
IBMC College
The Institute of Business and Medical Careers College is an accelerated nonprofit education institution. Programs offered include clinical medical assistant, cosmetology, hair styling, aesthetics, and paralegal. The student population has increased by 18% in five years.
Notable neighborhoods
Greeley has a significant amount of real estate opportunity with its diverse neighborhoods to suit nearly any investor’s needs.
Glenmere / Cranford
In Greeley’s Glenmere / Cranford district, the tree-lined street and spacious courtyards give way to charming and characterful houses. The area is perfect for young professionals and families, with quick access to restaurants, attractions, and the University of Northern Colorado.
Downtown
Downtown is located near the aforementioned neighborhood and features historic homes in the Monroe Historic District as well as modern loft properties. Downtown residents are just steps away from the city’s festivals and live entertainment. It’s not uncommon for students to live next to an elderly couple who have been there for over 30 years.
Kelly Farm
Kelly Farm is a newer neighborhood with houses built in the early 2000s. It is divided into three areas: Forest Glen at Kelly Farm, Glen Eden at Kelly Farm, and Cottesmore Reserve at Kelly Farm. The neighborhoods offer numerous amenities, including a community pool, exercise facility, and tennis courts. Average home prices are $ 389,900.
The bottom line of Millionacres
Investing in the Greeley residential area offers many opportunities. The population is growing and there is evidence of a robust rental market. However, since land is scarce, property prices will rise when demand dictates an inflow into that market. The local economy is slowly returning to normal, and investors should keep a close eye on the unemployment rate, the neighborhoods, and the industries that make Greeley thrive.