Grand Junction, CO—81505
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grand Junction, CO
As of Oct '25, the median home price in Grand Junction, CO is $495,000, with a year-over-year change of 3.5%. This indicates that home prices in Grand Junction, CO are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $495,000 | 3.5% |
| Single Family | $510,000 | 3.7% |
| Condos | $281,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $326,000 | 2.8% |
3 Bed | $472,000 | 3.3% |
4 Bed | $674,000 | 3.9% |
| 5 Bed | $927,000 | 4.9% |
% of Housing Stock
Rental Trends — Grand Junction, CO
As of July '25, Rentcast reports the average rent in Grand Junction, CO is $1,930, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Grand Junction, CO is studios: $1,100, 1-bedrooms: $1,400, 2-bedrooms: $1,620, 3-bedrooms: $2,120, 4-bedrooms: $3,000. The most common rental property sizes in Grand Junction, CO are 3-bedroom and 2-bedroom, accounting for 44.7% and 35.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,930 |
| Studio Rent | $900 | $1,100 |
| 1 Bed Rent | $1,620 | $1,400 |
| 2 Bed Rent | $1,600 | $1,620 |
| 3 Bed Rent | $2,000 | $2,120 |
| 4 Bed Rent | $3,100 | $3,000 |
% of Rental Stock
Property Listings — Grand Junction, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Grand Junction, CO is 49. This is a increase of 34.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $552,000 | -11.0% |
Listing Count | 111 | 9.0% |
| Listings as % of Homes | 0.8% | 9.0% |
Days on Market | 49 | 34.0% |
Demographics — Grand Junction, CO
As of the latest ACS Survey released in 2023, Grand Junction, CO has a population of 12,000, which has increased by 16.1% over the past 5 years. Grand Junction, CO is a moderately popular place for families, as children make up 19.2% of the population. The area has a moderately educated workforce, with 41.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,000 | 16.1% |
% Under 18 | 19.2% | -13.1% |
% Seniors | 18.5% | -6.6% |
% WFH | 12.1% | 47.6% |
% w/ College Degree | 41.7% | 19.1% |
As of the latest ACS Survey released in 2023, Grand Junction, CO is a predominantly white area, with 75.2% of the population identifying as white. The white population has shrunk by 7.4% in the last 5 years. The second most common race or ethnicity in Grand Junction, CO is hispanic, making up 16.8% of the population. Foreign-born residents account for 5.0% of the population in Grand Junction, CO, and this percentage has decreased by 31.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 75.2% | -7.4% |
% Black | 0.5% | -58.3% |
% Hispanic | 16.8% | 20.0% |
% Asian | 0.5% | -72.2% |
% Foreign Born | 5.0% | -31.5% |
Mortgage and Risk — Grand Junction, CO
According to HUD data as of 2023, there were 158 mortgage originations in Grand Junction, CO, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Grand Junction, CO. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 158 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 4.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Grand Junction, CO
As of 2024, the percent of homes in Grand Junction, CO under the Section 8 program is 2.1%. 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. 3-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 1-bedroom and 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 40 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$420 | $1,620 | $1,200 |
| 2 Bedroom | -$50 | $1,600 | $1,550 |
| 3 Bedroom | $170 | $2,000 | $2,170 |
| 4 Bedroom | -$500 | $3,100 | $2,600 |
Affordability — Grand Junction, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $495,000 |
| Median Household Income | $87,700 |