Rent vs Buy in Greeley, CO
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Greeley, CO
Price-to-rent ratio is 23.1 (under 15 favors buying, over 21 favors renting). Renting costs $1,528/mo; owning runs about $3,154/mo — $1,626/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $2,238 |
| Property tax | $387 |
| Home insurance | $176 |
| Maintenance | $352 |
| Total to own | $3,154 |
| Average 2BR rent | $1,528 |
Based on a median home value of $422,689 with a $84,538 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.