Grand Junction, CO 81506 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Grand Junction, CO—81506

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$505,000

2.9% YoY Growth

Household Income

$76,500

42.4% YoY Growth

Days on Market

92

45.0% Longer YoY

Home Price Forecast

2.6%

Median Rent

$795

35.6% YoY Growth

1-Bed Rent

$795

32.4% YoY Growth

2-Bed Rent

$1,300

1.4% YoY Growth

3-Bed Rent

$2,200

0.9% YoY Growth

Other Zip Codes in Grand Junction, CO

81505 81507 81504 81501 81503

Home Price Trends — Grand Junction, CO

As of Dec '25, the median home price in Grand Junction, CO is $505,000, with a year-over-year change of 2.9%. 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	$505,000	2.9%
Single Family	$532,000	2.7%
Condos	$239,000	1.3%

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 $1,160, with a year-over-year rent change of -35.6%. Per bedroom, the median rent as of July '25 in Grand Junction, CO is studios: $819, 1-bedrooms: $845, 2-bedrooms: $1,360, 3-bedrooms: $2,200, 4-bedrooms: $3,000. The most common rental property sizes in Grand Junction, CO are 2-bedroom and 3-bedroom, accounting for 44.8% and 21.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$795	$1,160
Studio Rent	$795	$819
1 Bed Rent	$795	$845
2 Bed Rent	$1,300	$1,360
3 Bed Rent	$2,200	$2,200
4 Bed Rent	$2,500	$3,000

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% of Rental Stock

Studio

10.7%

1 Bedroom

19.4%

2 Bedrooms

44.8%

3 Bedrooms

21.8%

4 Bedrooms

0.8%

5+ Bedrooms

2.4%

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 78. This is a increase of 60.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$630,000	11.0%
Listing Count	93	50.0%
Listings as % of Homes	1.1%	50.0%
Days on Market	92	45.0%

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Demographics — Grand Junction, CO

As of the latest ACS Survey released in 2023, Grand Junction, CO has a population of 11,800, which has remained stable by 0.3% over the past 5 years. Grand Junction, CO is a moderately popular place for families, as children make up 16.7% of the population. The area has a moderately educated workforce, with 43.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	11,800	0.3%
% Under 18	16.7%	-7.2%
% Seniors	32.5%	3.2%
% WFH	11.7%	12.5%
% w/ College Degree	43.1%	3.1%

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As of the latest ACS Survey released in 2023, Grand Junction, CO is a predominantly white area, with 84.4% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Grand Junction, CO is hispanic, making up 9.5% of the population. Foreign-born residents account for 2.1% of the population in Grand Junction, CO, and this percentage has decreased by 30.0% 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	84.4%	-6.0%
% Black	0.8%	∞%
% Hispanic	9.5%	21.8%
% Asian	1.0%	-37.5%
% Foreign Born	2.1%	-30.0%

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Mortgage and Risk — Grand Junction, CO

According to HUD data as of 2023, there were 397 mortgage originations in Grand Junction, CO, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Grand Junction, CO. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	397
% Conventional Loans	88.0%
% Government Loans	12.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	16.0%

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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 9.6%. 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 and 2-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 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	200
Total Units Section 8	200
% Rentals under Section 8	9.6%
% Occupied Section 8	88.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$225	$795	$1,020
2 Bedroom	$20	$1,300	$1,320
3 Bedroom	-$350	$2,200	$1,850
4 Bedroom	-$280	$2,500	$2,220