Greeley is well known for its agricultural contributions, but the city has worked diligently to grow in several other sectors.
Agriculture and food. Greeley is home to JBS USA, a food processing company and subsidiary of JBS S.A., which holds the distinction of being the world’s largest processor of fresh beef and pork. With more than 4,500 residents employed, JBS USA is the largest employer in Greeley. Leprino Foods, a newcomer to the area, produces more mozzarella cheese than any other corporation globally and employs over 500 residents. Of the annual $1.54 billion industry of agriculture, Weld County ranks 8th nationally.
Healthcare. The North Colorado Medical Center, operated by Phoenix-based company Banner Health, is the second-largest employer in Greeley. NCMC is nationally recognized for burn and trauma care and is ranked in the Top 100 for cardiology. NCMC employs over 3,500 residents.
Schools of note
Greeley is home to several public and private colleges. With increasing enrollment every year, student housing presents an opportunity for real estate investors.
University of Northern Colorado
The University of Northern Colorado, offering undergraduate, graduate, professional, and doctoral degrees, is spread across two main areas, central and west, with over 11,400 students enrolled as of fall 2020.
Aims Community College is a public 2-year college overlooking 100 miles of Rocky Mountain splendor. Aims provides more than 200 degree and certificate programs in addition to providing day and night classes. Over 9,000 students were enrolled as of fall 2020.
The Institute of Business and Medical Careers College is an accelerated for-profit training institution. Programs offered include clinical medical assistant, cosmetology, hairstyling, esthetics, and paralegal. The student population has increased by 18% over five years.
Neighborhoods of note
Greeley has a significant degree of real estate opportunities with its diverse range of neighborhoods, catering to almost any investor’s needs.
In Greeley’s Glenmere/Cranford neighborhood, the tree-lined street and spacious yards give way to charming and character-filled homes. The perfect place for young professionals and families, the area offers quick access to restaurants, attractions, and the University of Northern Colorado.
Located near the above mentioned neighborhood, Downtown possesses historic homes in the Monroe Historic District as well as modern loft-style properties. The residents in Downtown are only steps away from the festivals and live entertainment the city has to offer. It’s not uncommon to see college students living next door to an older couple who have been there for 30+ years.
A newer neighborhood with homes built in the early 2000s, Kelly Farm is subdivided into three areas: Forest Glen at Kelly Farm, Glen Eden at Kelly Farm, and Cottesmore Reserve at Kelly Farm. The neighborhoods offer plenty of amenities, including a community pool, workout facility, and tennis courts. Median home prices are around $389,900.
The Millionacres bottom line
Investing in the Greeley residential area presents many opportunities. The population is growing, and there is an indication of a robust rental market. However, with land being in short supply, real estate prices will increase if demand dictates an inflow for this market. The local economy is slowly getting back to normal, and investors should keep a close eye on the unemployment rate, neighborhoods, and industries that make Greeley thrive.