Vacancy Rates In Fort Collins Loveland And Greeley

Vacancy Rates In Fort Collins Loveland And Greeley

If you're looking to purchase rental property as an investment, vacancy rates are a good indicator of the rental market.  According to Northern Colorado Business Report, the vacancy rate for rentals in Fort Collins is 2.1%.  Loveland is 2.7% and Greeley is 6.3%.  The average rental price in Fort Collins is $995.00, Loveland is $985.00 and Greeley is $756.00.  However, you also want to look at the average cost of a home.  The average home in Fort Collins is $257,000.00, Loveland is $222,500.00 and the average home price in Greeley is $165,900.00 according to Zillow.  Given this information when comparing Fort Collins and Loveland, Fort Collins vacancy rate is only .6% lower, their average rent is only .01% higher than Lovelands but the average cost of a home is 13.4% less.  Loveland may be your best bet for purchasing rental property.  
*Numbers taken from  http://www.ncbr.com/article/20140311/NEWS/140319969http://www.zillow.com/fort-collins-co/home-values/http://www.zillow.com/loveland-co/home-values/http://www.zillow.com/greeley-co/home-values/







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Phone: 970-397-5774
Dated: May 27th 2014
Views: 271
About Sarah: Sarah was a licensed real estate agent for 10 years before transitioning into the mortgage industry ...

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