Greeley, Colorado Housing Market Prices
Greeley Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 30% below the Colorado median$339,142
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Median rent 21% below the Colorado median$1,390
Housing Market Overview
| Metric | Greeley | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $339,142 | $484,034 | $248,835 |
| Price Trend (Annual %) | 13.5% | 10.4% | 7.5% |
| Median Gross Rent | $1,390 | $1,761 | $1,407 |
| Rent Trend (Annual %) | 6.6% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Greeley is about 30% lower than in Colorado. Rent is about 21% lower than the Colorado average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Greeley, up about 13.5% and 6.6% a year respectively. Home prices are changing faster.
Median rent in Greeley rose about 73.2% between 2015 and 2024, from $802 to $1,390. Over the same span, rent in Colorado rose about 75.6%.
Affordability
On average, housing unit costs 4.9 yearly household incomes in Greeley.
Buying the median-priced home in Greeley costs roughly 20.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Greeley. The price-to-rent ratio in Colorado is about 22.9.
| Metric | Greeley | Colorado Avg | US Average |
|---|---|---|---|
| Median Home Price | $339,142 | $484,034 | $248,835 |
| Median Household Income | $69,461 | $95,803 | $80,455 |
| Price-to-Income Ratio | 4.9 | 5.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Greeley rose about 139.6%, while median household income rose about 47.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Greeley | Colorado Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.7% | 60.7% | 58.5% |
| Rental Rate | 37.7% | 31.0% | 31.2% |
| Vacancy Rate | 5.7% | 8.3% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Greeley has a homeownership rate of 56.7%, lower than the Colorado average of 60.7%. Its housing vacancy rate is 5.7%, compared with 8.3% in Colorado.
Housing Stock
| Metric | Greeley | Colorado Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1983 | 1985 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Greeley was built around 1983. On average, 2.6 people live in a home with about 5.6 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Greeley, Colorado.
What is the median home price in Greeley, Colorado?
The median home price in Greeley, Colorado is $339,142, lower than the Colorado average of $484,034.
What is the average home price in Greeley, Colorado?
The typical home price in Greeley, Colorado, reported as the median sale price, is $339,142. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Greeley, Colorado?
The median gross rent in Greeley, Colorado is $1,390 per month, lower than the Colorado average of $1,761.
What was the median gross rent in Greeley in 2020?
In 2020, the median gross rent in Greeley, Colorado was $1,066 per month.
What is the price-to-rent ratio in Greeley, Colorado?
The price-to-rent ratio in Greeley, Colorado is about 20.3, meaning it would take roughly 20.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Greeley.
Are home prices or rent rising faster in Greeley, Colorado?
Both home prices and rent are rising in Greeley, up about 13.5% and 6.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Greeley, Colorado?
56.7% of households in Greeley, Colorado own their home, lower than the Colorado average of 60.7%.
What is the vacancy rate in Greeley, Colorado?
The housing vacancy rate in Greeley, Colorado is 5.7%, lower than the Colorado average of 8.3%.
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