Grand Junction housing market

Strong buyer's marketGrand Junction, CO metro areaData through Sep 2026
Typical home value
$429K
▲ 1.6% 1 yr
Typical rent
$1,730/mo
▲ 0.6% 1 yr
12-month forecast
+1.7%
#327 of 546 metros
Gross rent yield
4.8%
#428 of 546 · U.S. 6.3%
Days to pending
69 days
▲ +21 days 1 yr
Listings with a price cut
33%
▲ +3.6 pts 1 yr

Key takeaways

  • 1The typical home is worth $428,680, up 1.6% in a year and up 23% over five years.
  • 2Zillow forecasts home values rising 1.7% over the next 12 months (U.S.: +1.1%).
  • 3Typical rent is $1,730/mo (+0.6% YoY), a 4.8% gross yield, below the U.S. 6.3%.
  • 4At 7.32% with 20% down, the typical home costs $2,356/mo in principal and interest, $626 more than renting.
  • 5Homes go under contract in 69 days (+21 days vs last year); 33% of listings have had a price cut.
Market temperature
Strong buyer's market
Buyer'sNeutralSeller's

Zillow Market Heat Index: 16/100, #546 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.

Home values and rent

Typical home value
Latest $429K
$231K$292K$354K$416K2016201920222025
Typical monthly rent
Latest $1,730
$965$1,209$1,452$1,6962016201920222025

How fast homes are selling

Days to go under contract
Latest 69
1835537020182020202220242026
Share of listings with a price cut
Latest 33.4%
11.0%18.1%25.1%32.2%20182020202220242026
Homes for sale vs new listings
Latest 1,235
For saleNew listings
2335568801,20320182020202220242026
Share of homes sold above list price
Latest 12.8%
14.4%26.9%39.3%51.7%20182020202220242026

Affordability

Household income needed to buy vs rent
Latest $113K
To buy (20% down)To rent
$42K$64K$86K$108K201620182020202220242026

Source: Zillow Research (ZHVI, ZORI and market activity data).

How Grand Junction compares

MeasureGrand JunctionUnited StatesRank of 546
Home value, 1-yr change+1.6%+1.2%#321
Home value, 5-yr change+22.6%+19.7%
12-month forecast+1.7%+1.1%#327
Rent, 1-yr change+0.6%+2.7%#499
Gross rent yield4.8%6.3%#428
Price-to-rent ratio20.615.8
Mortgage P&I on typical home$2,356$2,012
Income needed to buy$112,750$100,902
Days to pending6956

Cities in the Grand Junction metro

1 cities with home value and rent data.

Grand Junction$420K▲ 1.4%$1,783▲ 0.8%5.1%

Run the numbers

Other Colorado metros

Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.