Grand Junction, CO 81505 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Grand Junction, CO—81505

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$492,000

3.4% YoY Growth

Household Income

$87,700

46.3% YoY Growth

Days on Market

82

17.0% Longer YoY

Home Price Forecast

2.6%

Median Rent

$1,800

0.0% YoY Growth

1-Bed Rent

$1,620

N/A

2-Bed Rent

$1,600

2.4% YoY Growth

3-Bed Rent

$2,000

3.9% YoY Growth

Other Zip Codes in Grand Junction, CO

81507 81504 81501 81503 81506

Home Price Trends — Grand Junction, CO

As of Dec '25, the median home price in Grand Junction, CO is $492,000, with a year-over-year change of 3.4%. This indicates that home prices in Grand Junction, CO are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$492,000	3.4%
Single Family	$506,000	3.3%
Condos	$280,000	2.2%

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 $1,930, 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

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% of Rental Stock

Studio

1.7%

1 Bedroom

12.0%

2 Bedrooms

35.7%

3 Bedrooms

44.7%

4 Bedrooms

5.9%

Property Listings — Grand Junction, CO

As of Dec '25, Realtor.com reports that the median days on market for a home in Grand Junction, CO is 59. This is a increase of 27.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$520,000	1.0%
Listing Count	95	12.0%
Listings as % of Homes	0.8%	12.0%
Days on Market	82	17.0%

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Demographics — Grand Junction, CO

As of the latest ACS Survey released in 2023, Grand Junction, CO has a population of 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%

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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%

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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%

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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 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