Greeley is well known for its agricultural contributions, but the town has worked diligently to expand into several other areas.
Agriculture and food. Greeley is home to JBS USA, a food processing company and subsidiary of JBS SA, which has the distinction of being the largest processor of fresh beef and pork in the world. With over 4,500 resident employees, JBS USA is Greeley’s largest employer. Leprino Foods, a newcomer to the region, produces more mozzarella cheese than any other company in the world and employs over 500 residents. On the annual agriculture sector of $ 1.54 billion, Weld County ranks 8th nationally.
Health care. North Colorado Medical Center, operated by Phoenix-based Banner Health, is Greeley’s second largest employer. The NCMC is nationally recognized for burn and trauma care and is ranked among the Top 100 in Cardiology. NCMC employs over 3,500 residents.
Greeley is home to several public and private colleges. With the increase in enrollments each year, student housing represents an opportunity for real estate investors.
University of Northern Colorado
The University of Northern Colorado, which offers undergraduate, graduate, professional, and doctoral degrees, is split across two main areas, central and western, with over 11,400 students enrolled as of fall 2020.
Aims Community College is a 2 year public college overlooking 160 km of the splendor of the Rocky Mountains. Aims offers more than 200 degree and certified programs in addition to providing day and night classes. More than 9,000 students were enrolled in fall 2020.
The Institute of Business and Medical Careers College is a for-profit, accelerated training institution. Programs offered include Clinical Medical Assistant, Cosmetology, Hairdressing, Aesthetics and Paralegal. The student body has grown by 18% in five years.
Greeley has a significant degree of real estate opportunities with its diverse range of neighborhoods, catering to almost any investor need.
Glenmere / Cranford
In the Glenmere / Cranford area of Greeley, the tree-lined street and spacious courtyards give way to charming, characterful houses. The perfect location for young professionals and families, the area offers quick access to restaurants, attractions, and the University of Northern Colorado.
Located close to the aforementioned neighborhood, the downtown area boasts historic homes in the historic Monroe district as well as modern loft-style properties. Downtown residents are only steps away from the festivals and shows that the city has to offer. It is not uncommon to see students living next door to an older couple who have been there for over 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 many amenities including a community pool, gym and tennis courts. Median home prices are around $ 389,900.
Millionacres net profit
Investing in the residential area of Greeley presents many opportunities. The population is growing and there is an indication of a robust rental market. However, with the scarcity of land, real estate prices will rise if demand dictates an influx for this market. The local economy is slowly returning to normal and investors should keep a close watch on the unemployment rate, the neighborhoods and industries that make Greeley thrive.