Mortgage payment estimates, closing cost breakdowns, and homebuying data for Greeley, Colorado.
Median Home Price
$395K
Population
109K
Avg Monthly Rent
$1,420
Property Tax Rate
0.51% *
* Property tax shown is the Colorado state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Greeley.
Greeley vs Colorado Median
The median home price in Greeley is $395,000, which is 24% below the Colorado state median of $520,000.
Mortgage Calculator — Greeley, CO
Pre-filled with Greeley median home price and Colorado tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $395K home using Colorado's 0.51% tax rate and $3,200/yr insurance.
5% Down
$3,025/mo
Down: $19,750
Loan: $375K
P&I: $2,372
Tax: $168
Insurance: $267
PMI: $219
10% Down
$2,889/mo
Down: $39,500
Loan: $356K
P&I: $2,247
Tax: $168
Insurance: $267
PMI: $207
20% Down (No PMI)
$2,432/mo
Down: $79,000
Loan: $316K
P&I: $1,997
Tax: $168
Insurance: $267
Income needed (28% rule): $104K/year with 20% down, $124K/year with 10% down.
Rent vs Buy in Greeley
Rent
$1,420/mo
vs
Buy (10% down)
$2,889/mo
Price-to-rent ratio: 23.2 — At a ratio above 20, renting may be more economical in Greeley for shorter stays. Buying costs $1,469 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Greeley is $395,000, 24% below the Colorado state median of $520,000. With a population of 108,795, Greeley is a mid-size city where home prices tend to be more accessible than in many parts of Colorado.
Property taxes in Colorado average 0.51% annually. This low property tax rate is a significant advantage for Greeley buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Colorado runs approximately $3,200 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Greeley is $1,420/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Greeley presents moderate affordability. The $395K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Greeley.