Grand Junction, CO—81507
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 $622,000, 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 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $622,000 | 4.4% |
| Single Family | $630,000 | 4.3% |
| Condos | $325,000 | 4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $395,000 | 4.8% |
3 Bed | $578,000 | 4.5% |
4 Bed | $740,000 | 4.7% |
| 5 Bed | $871,000 | 4.7% |
% of Housing Stock
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 |
% 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 65. This is a increase of 13.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $776,000 | 1.0% |
Listing Count | 136 | 13.0% |
| Listings as % of Homes | 1.3% | 13.0% |
Days on Market | 65 | 13.0% |
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% |
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% |
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% |
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 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 |
Affordability — Grand Junction, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $622,000 |
| Median Household Income | $106,000 |