Grand Junction, CO—81503
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 $390,000, with a year-over-year change of 3.0%. This indicates that home prices in Grand Junction, CO are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $390,000 | 3.0% |
| Single Family | $392,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $231,000 | 1.3% |
2 Bed | $292,000 | 2.8% |
3 Bed | $384,000 | 2.9% |
4 Bed | $501,000 | 2.7% |
| 5 Bed | $564,000 | 2.9% |
% of Housing Stock
Rental Trends — Grand Junction, CO
As of July '25, Rentcast reports the average rent in Grand Junction, CO is $1,670, with a year-over-year rent change of 13.6%. Per bedroom, the median rent as of July '25 in Grand Junction, CO is studios: $775, 1-bedrooms: $993, 2-bedrooms: $1,550, 3-bedrooms: $2,040, 4-bedrooms: $2,850. The most common rental property sizes in Grand Junction, CO are 2-bedroom and 3-bedroom, accounting for 41.5% and 38.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,670 |
| Studio Rent | $775 | $775 |
| 1 Bed Rent | $950 | $993 |
| 2 Bed Rent | $1,300 | $1,550 |
| 3 Bed Rent | $1,900 | $2,040 |
| 4 Bed Rent | $2,850 | $2,850 |
% 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 58. This is a increase of 81.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $470,000 | 8.0% |
Listing Count | 98 | -5.0% |
| Listings as % of Homes | 1.0% | -5.0% |
Days on Market | 58 | 81.0% |
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 2.3% over the past 5 years. Grand Junction, CO is a moderately popular place for families, as children make up 22.4% of the population. The area has a poorly educated workforce, with 23.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,100 | 2.3% |
% Under 18 | 22.4% | -1.8% |
% Seniors | 19.0% | 6.7% |
% WFH | 13.0% | 176.6% |
% w/ College Degree | 23.0% | 3.1% |
As of the latest ACS Survey released in 2023, Grand Junction, CO is a predominantly white area, with 77.4% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Grand Junction, CO is hispanic, making up 18.2% of the population. Foreign-born residents account for 4.9% of the population in Grand Junction, CO, and this percentage has increased by 69.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.4% | -4.6% |
% Black | 0.3% | -25.0% |
% Hispanic | 18.2% | 14.5% |
% Asian | 0.7% | -30.0% |
% Foreign Born | 4.9% | 69.0% |
Mortgage and Risk — Grand Junction, CO
According to HUD data as of 2023, there were 417 mortgage originations in Grand Junction, CO, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Grand Junction, CO. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 417 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
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 22.6%. 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. 1-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 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 304 |
Total Units Section 8 | 297 |
% Rentals under Section 8 | 22.6% |
% Occupied Section 8 | 82.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $950 | $970 |
| 2 Bedroom | -$50 | $1,300 | $1,250 |
| 3 Bedroom | -$150 | $1,900 | $1,750 |
| 4 Bedroom | -$750 | $2,850 | $2,100 |
Affordability — Grand Junction, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $390,000 |
| Median Household Income | $71,700 |