ZIP Code Market Report
81503 — Grand Junction, CO
Data through February 2026 · Updated monthly
Avg Home Value
$392,171
▲ 2.7% year-over-year
Month-over-Month
-0.2%
▼ 0.2%
Single Family
$390,465
Condo / Co-op
--
The average home value in the 81503 ZIP code (Grand Junction, Colorado) is $392,171 as of February 2026. Home prices are rising, up 2.7% compared to last year.
A 3-bedroom home in 81503 is valued at $382,798. 1-bedroom units start around $229,303.
The market in 81503 has a $219,221 spread between bottom-tier homes at $306,718 and top-tier homes at $525,940. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 81503 ZIP code will increase 0.6% over the next 12 months, bringing the projected average to approximately $394,524. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Mesa County market area in Colorado. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Mesa County report.
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Market Snapshot
81503 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $393,625 | $392,914 | $392,171 | ▼ 0.4% |
| Single Family Value | $386,889 | $388,559 | $390,465 | ▲ 0.9% |
Home Values
81503 Home Value Trend
Historical home values for ZIP code 81503. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 81503
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 1 Bedroom | $229,303 |
| 2 Bedrooms | $290,092 |
| 3 Bedrooms | $382,798 |
| 4 Bedrooms | $497,606 |
Property Types
Home Values by Property Type in 81503
How different property types compare in this ZIP code.
All Homes
$392,171
Single Family
$390,465
Bottom Tier
$306,718
Top Tier
$525,940
Forecast
12-Month Home Value Forecast for 81503
Zillow projects home values in 81503 will increase 0.6% over the next year, reaching approximately $394,524.
Current Value
$392,171
Projected Change
+0.6%
▲ 0.6%
Projected Value
$394,524
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 81503 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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