Grand Junction, CO 81507 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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Grand Junction, CO—81507

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$613,000

4.4% YoY Growth

Household Income

$106,000

33.3% YoY Growth

Days on Market

86

13.0% Longer YoY

Home Price Forecast

2.8%

Median Rent

$2,000

13.5% YoY Growth

1-Bed Rent

$2,410

9.5% YoY Growth

2-Bed Rent

$1,700

6.1% YoY Growth

3-Bed Rent

$2,000

7.6% YoY Growth

Other Zip Codes in Grand Junction, CO

81505 81504 81501 81503 81506

Home Price Trends — Grand Junction, CO

As of Dec '25, the median home price in Grand Junction, CO is $613,000, with a year-over-year change of 4.4%. This indicates that home prices in Grand Junction, CO are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$613,000	4.4%
Single Family	$622,000	4.4%
Condos	$323,000	4.9%

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 $2,360, with a year-over-year rent change of 13.5%. Per bedroom, the median rent as of July '25 in Grand Junction, CO is 1-bedrooms: $2,410, 2-bedrooms: $1,690, 3-bedrooms: $2,200, 4-bedrooms: $4,060. The most common rental property sizes in Grand Junction, CO are 3-bedroom and 2-bedroom, accounting for 37.7% and 32.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,000	$2,360
Studio Rent	N/A	N/A
1 Bed Rent	$2,410	$2,410
2 Bed Rent	$1,700	$1,690
3 Bed Rent	$2,000	$2,200
4 Bed Rent	$3,400	$4,060

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% of Rental Stock

Studio

1.9%

1 Bedroom

10.3%

2 Bedrooms

32.4%

3 Bedrooms

37.7%

4 Bedrooms

9.5%

5+ Bedrooms

8.1%

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 77. This is a increase of 15.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$768,000	-1.0%
Listing Count	103	4.0%
Listings as % of Homes	1.3%	4.0%
Days on Market	86	13.0%

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Demographics — Grand Junction, CO

As of the latest ACS Survey released in 2023, Grand Junction, CO has a population of 16,100, which has increased by 7.4% over the past 5 years. Grand Junction, CO is a moderately popular place for families, as children make up 20.2% of the population. The area has a highly educated workforce, with 55.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	16,100	7.4%
% Under 18	20.2%	4.1%
% Seniors	30.9%	23.6%
% WFH	12.8%	52.4%
% w/ College Degree	55.8%	16.0%

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As of the latest ACS Survey released in 2023, Grand Junction, CO is a predominantly white area, with 87.6% of the population identifying as white. The white population has shrunk by 4.4% in the last 5 years. The second most common race or ethnicity in Grand Junction, CO is hispanic, making up 9.0% of the population. Foreign-born residents account for 1.8% of the population in Grand Junction, CO, and this percentage has decreased by 30.8% 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	87.6%	-4.4%
% Black	0.3%	∞%
% Hispanic	9.0%	73.1%
% Asian	1.3%	-27.8%
% Foreign Born	1.8%	-30.8%

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Mortgage and Risk — Grand Junction, CO

According to HUD data as of 2023, there were 408 mortgage originations in Grand Junction, CO, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Grand Junction, CO. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	408
% Conventional Loans	89.0%
% Government Loans	11.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	10.0%

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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 3.2%. 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. 2-bedroom and 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 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	26
Total Units Section 8	26
% Rentals under Section 8	3.2%
% Occupied Section 8	86.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$1,070	$2,410	$1,340
2 Bedroom	$30	$1,700	$1,730
3 Bedroom	$420	$2,000	$2,420
4 Bedroom	-$490	$3,400	$2,910