ZIP Code Market Report
81505 — Grand Junction, CO
Data through February 2026 · Updated monthly
Avg Home Value
$491,821
▲ 2.8% year-over-year
Month-over-Month
-0.4%
▼ 0.4%
Single Family
$503,416
Condo / Co-op
$279,580
The average home value in the 81505 ZIP code (Grand Junction, COLORADO) is $491,821 as of February 2026. Home prices are rising, up 2.8% compared to last year.
A 3-bedroom home in 81505 is valued at $468,066. Single-family homes average $503,416, while condos average $279,580.
The market in 81505 has a $451,322 spread between bottom-tier homes at $355,866 and top-tier homes at $807,188. 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 81505 ZIP code will increase 0.6% over the next 12 months, bringing the projected average to approximately $494,772. 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
81505 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 | $494,808 | $493,656 | $491,821 | ▼ 0.6% |
| Single Family Value | $500,759 | $502,256 | $503,416 | ▲ 0.5% |
Home Values
81505 Home Value Trend
Historical home values for ZIP code 81505. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 81505
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $323,871 |
| 3 Bedrooms | $468,066 |
| 4 Bedrooms | $669,399 |
Property Types
Home Values by Property Type in 81505
How different property types compare in this ZIP code.
All Homes
$491,821
Single Family
$503,416
Condo / Co-op
$279,580
Bottom Tier
$355,866
Top Tier
$807,188
Forecast
12-Month Home Value Forecast for 81505
Zillow projects home values in 81505 will increase 0.6% over the next year, reaching approximately $494,772.
Current Value
$491,821
Projected Change
+0.6%
▲ 0.6%
Projected Value
$494,772
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 81505 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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