Grand Junction, CO 81504 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Grand Junction, CO—81504

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$390,000

2.2% YoY Growth

Household Income

$67,900

24.7% YoY Growth

Days on Market

37

9.0% Shorter YoY

Home Price Forecast

1.0%

Median Rent

$1,950

10.5% YoY Growth

1-Bed Rent

$1,050

N/A

2-Bed Rent

$1,450

9.6% YoY Growth

3-Bed Rent

$2,000

9.9% YoY Growth

Other Zip Codes in Grand Junction, CO

81505 81507 81501 81503 81506

Home Price Trends — Grand Junction, CO

As of May '26, the median home price in Grand Junction, CO is $390,000, with a year-over-year change of 2.2%. This indicates that home prices in Grand Junction, CO are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$390,000	2.2%
Single Family	$392,000	2.3%
Condos	$289,000	3.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Grand Junction, CO

As of July '25, Rentcast reports the average rent in Grand Junction, CO is $1,890, with a year-over-year rent change of 10.5%. Per bedroom, the median rent as of July '25 in Grand Junction, CO is studios: $2,400, 1-bedrooms: $1,020, 2-bedrooms: $1,260, 3-bedrooms: $2,110, 4-bedrooms: $2,210. The most common rental property sizes in Grand Junction, CO are 3-bedroom and 2-bedroom, accounting for 63.3% and 22.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,950	$1,890
Studio Rent	$2,400	$2,400
1 Bed Rent	$1,050	$1,020
2 Bed Rent	$1,450	$1,260
3 Bed Rent	$2,000	$2,110
4 Bed Rent	$2,480	$2,210

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% of Rental Stock

1 Bedroom

4.5%

2 Bedrooms

22.5%

3 Bedrooms

63.3%

4 Bedrooms

9.0%

5+ Bedrooms

0.6%

Property Listings — Grand Junction, CO

As of May '26, Realtor.com reports that the median days on market for a home in Grand Junction, CO is 37. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$424,000	2.0%
Listing Count	185	-8.0%
Listings as % of Homes	0.9%	-8.0%
Days on Market	37	-9.0%

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Demographics — Grand Junction, CO

As of the latest ACS Survey released in 2023, Grand Junction, CO has a population of 31,900, which has increased by 11.4% over the past 5 years. Grand Junction, CO is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	31,900	11.4%
% Under 18	25.1%	5.0%
% Seniors	16.1%	5.2%
% WFH	15.6%	345.7%
% w/ College Degree	21.2%	8.7%

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As of the latest ACS Survey released in 2023, Grand Junction, CO is a predominantly white area, with 72.9% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Grand Junction, CO is hispanic, making up 21.3% of the population. Foreign-born residents account for 5.7% of the population in Grand Junction, CO, and this percentage has increased by 58.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	72.9%	-6.2%
% Black	0.3%	-80.0%
% Hispanic	21.3%	17.7%
% Asian	0.7%	0.0%
% Foreign Born	5.7%	58.3%

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Mortgage and Risk — Grand Junction, CO

According to HUD data as of 2023, there were 952 mortgage originations in Grand Junction, CO, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Grand Junction, CO. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	952
% Conventional Loans	67.0%
% Government Loans	33.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Grand Junction, CO

As of 2024, the percent of homes in Grand Junction, CO under the Section 8 program is 13.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Grand Junction, CO, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	339
Total Units Section 8	336
% Rentals under Section 8	13.0%
% Occupied Section 8	89.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$30	$1,050	$1,080
2 Bedroom	-$50	$1,450	$1,400
3 Bedroom	-$40	$2,000	$1,960
4 Bedroom	-$130	$2,480	$2,350