Grand Junction, CO—81501
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 $342,000, with a year-over-year change of 2.1%. This indicates that home prices in Grand Junction, CO are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $342,000 | 2.2% |
| Single Family | $346,000 | 1.8% |
| Condos | $241,000 | 4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $232,000 | 3.6% |
2 Bed | $298,000 | 2.1% |
3 Bed | $355,000 | 2.0% |
4 Bed | $408,000 | 2.3% |
| 5 Bed | $453,000 | 2.5% |
% of Housing Stock
Rental Trends — Grand Junction, CO
As of July '25, Rentcast reports the average rent in Grand Junction, CO is $1,420, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Grand Junction, CO is studios: $1,160, 1-bedrooms: $1,380, 2-bedrooms: $1,540, 3-bedrooms: $1,950, 4-bedrooms: $2,520. The most common rental property sizes in Grand Junction, CO are 2-bedroom and 1-bedroom, accounting for 41.5% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,420 |
| Studio Rent | $1,350 | $1,160 |
| 1 Bed Rent | $1,650 | $1,380 |
| 2 Bed Rent | $1,550 | $1,540 |
| 3 Bed Rent | $1,900 | $1,950 |
| 4 Bed Rent | $2,500 | $2,520 |
% 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 59. This is a increase of 11.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $398,000 | -4.0% |
Listing Count | 87 | 9.0% |
| Listings as % of Homes | 0.7% | 9.0% |
Days on Market | 59 | 11.0% |
Demographics — Grand Junction, CO
As of the latest ACS Survey released in 2023, Grand Junction, CO has a population of 24,100, which has remained stable by 0.8% over the past 5 years. Grand Junction, CO is a less popular place for families, as children make up 12.6% of the population. The area has a moderately educated workforce, with 27.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,100 | 0.8% |
% Under 18 | 12.6% | -34.7% |
% Seniors | 17.6% | 49.2% |
% WFH | 11.9% | 105.2% |
% w/ College Degree | 27.2% | -1.4% |
As of the latest ACS Survey released in 2023, Grand Junction, CO is a predominantly white area, with 76.0% of the population identifying as white. The white population has grown by 3.1% in the last 5 years. The second most common race or ethnicity in Grand Junction, CO is hispanic, making up 16.9% of the population. Foreign-born residents account for 4.8% of the population in Grand Junction, CO, and this percentage has decreased by 20.0% 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 | 76.0% | 3.1% |
% Black | 1.2% | 9.1% |
% Hispanic | 16.9% | -16.3% |
% Asian | 1.2% | 50.0% |
% Foreign Born | 4.8% | -20.0% |
Mortgage and Risk — Grand Junction, CO
According to HUD data as of 2023, there were 329 mortgage originations in Grand Junction, CO, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 34.0% 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. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 329 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 4.0% |
% 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 15.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Grand Junction, CO, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 972 |
Total Units Section 8 | 908 |
% Rentals under Section 8 | 15.7% |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$740 | $1,650 | $910 |
| 2 Bedroom | -$370 | $1,550 | $1,180 |
| 3 Bedroom | -$250 | $1,900 | $1,650 |
| 4 Bedroom | -$520 | $2,500 | $1,980 |
Affordability — Grand Junction, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.5 |
| Median Home Price | $342,000 |
| Median Household Income | $48,500 |