Grand Junction, CO—81506
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 $510,000, with a year-over-year change of 3.2%. This indicates that home prices in Grand Junction, CO are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $510,000 | 3.2% |
| Single Family | $537,000 | 2.9% |
| Condos | $239,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $188,000 | 3.3% |
2 Bed | $311,000 | 2.6% |
3 Bed | $504,000 | 2.4% |
4 Bed | $615,000 | 3.2% |
| 5 Bed | $721,000 | 4.0% |
% of Housing Stock
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 |
% 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 71. This is a increase of 52.0% 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 | $647,000 | 12.0% |
Listing Count | 96 | 39.0% |
| Listings as % of Homes | 1.1% | 39.0% |
Days on Market | 71 | 52.0% |
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% |
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% |
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% |
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 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 |
Affordability — Grand Junction, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $510,000 |
| Median Household Income | $76,500 |