The story of this market
The typical home in ZIP 81506 sells for about $595,000, or $285 per square foot.
Prices are down 7% from a year ago, which gives buyers more room to negotiate. Homes take about 24 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,211 a month.
ZIP 81506 — Grand Junction
The 81506 housing market is currently experiencing a cooling trend with a year-over-year price decline of 7%, reflecting broader regional adjustments. Despite this, demand remains supported by steady population growth and a constrained supply of housing. Buyers are finding more leverage as inventory levels rise, though the market remains competitive for well-priced, move-in-ready properties.
This ZIP is well-suited for family buyers, professionals, and downsizers seeking low-maintenance living in established neighborhoods with convenient access to regional infrastructure.
Median prices moved down 7.0% year over year.
Homes spend a median of 24 days on market with 9.1 months of supply — a balanced-paced market.
21% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 9.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 81506, Mesa County CO
Not determinable at the ZIP level; regional crime data is typically reported at the city or county level.
Schools serving the area are part of Mesa County Valley School District 51, generally maintaining moderate performance ratings.
The area is subject to standard regional risks including wildfire smoke and arid climate conditions; flood risk is generally low but varies by proximity to the Colorado River.
Economic momentum is driven by the expansion of Colorado Mesa University and the regional healthcare sector, though housing supply remains constrained.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Colorado) — Statutory Agricultural Land Reclassification and Improvement Valuation: Under C.R.S. § 39-1-102(1.6)(a)(I), up to two acres of land directly underlying a residential improvement on agricultural parcels are segregated and assessed at residential rates (6.80% / 7. State (Colorado) — Colorado Split Residential Property Tax Assessment Rate Structure: Imposes annual ad valorem property taxes determined using a bifurcated assessment rate system. Assessed Value = Actual (Market) Value × Assessment Rate. Beginning for tax years 2025/2026, residential property is assessed at 6. State (Colorado) — Senior and Disabled Veteran Property Tax Homestead Exemption: Exempts 50% of the first $200,000 of actual market value of the qualifying primary residential parcel from property taxation (a maximum actual value deduction of $100,000).
The ZIP offers convenient access to the Horizon Drive corridor and I-70, providing a short commute to downtown Grand Junction and regional employment hubs.
The area features proximity to the Colorado River, local golf courses, and extensive trail systems, with major shopping and dining concentrated along the Horizon Drive corridor.
The rental market is characterized by high demand and low vacancy rates, with significant pressure from both the local workforce and the student population at Colorado Mesa University.
The economy is anchored by healthcare, education (Colorado Mesa University), and regional government services, with a growing focus on the energy and outdoor recreation sectors.
The area is served by I-70 and major arterial roads, with limited public transit options primarily focused on the city core.
Development is focused on infill projects and the expansion of existing residential communities near the Horizon Drive area.
Mesa County Assessor performs biennial reappraisals to determine property values for tax purposes.
Parcels are subject to Mesa County Valley School District 51 and various local utility and fire protection districts.
Property insurance premiums are influenced by regional wildfire risk and the age of the housing stock.
Not determinable at the ZIP level.
Not determinable at the ZIP level.
Not determinable at the ZIP level.
Data retrieved from data.census.gov ZCTA profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.
Major commercial hub with diverse retail and dining options.
Provides recreational access and scenic trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.