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Grand Junction city, CO

ZIP 81506 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 81506

Median Home Value
$428,000
Median Rent
$1,121
Affordability Snapshot
$118,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,749/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.6x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

31.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 81506 in Grand Junction city, CO, a household would need roughly $118,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,749. That is about 54% above the local median household income ($76,464), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
61.5%-6% vs US avg
x
Vacancy Rate
7.1%-31% vs US avg
x
Broadband Access
90.0%+3% vs US avg
x
4+ Bedrooms
4.2%-72% vs US avg
x
Built Pre-1939
0.3%-98% vs US avg
x
Built Post-2014
2.6%-62% vs US avg
x
Rent Burden >30%
16.4%-67% vs US avg
x
Mortgage-Free
44.8%+17% vs US avg
x
$428,000
Home Value
$1,121
Rent
1986
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached54.4%
  • 1-unit attached8.2%
  • 2-9 units11.7%
  • 10+ units25.8%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$428,000
Median rent$1,121
Owner-occupied61.5%
Vacant7.1%
Price-to-income5.6x
Est. income to buy$118,000