The story of this market
The typical home in ZIP 81507 sells for about $656,500, or $281 per square foot.
Prices are up +6.2% from a year ago, so sellers still have some momentum. Homes take about 39 days to sell. HUD's fair market rent for a two-bedroom is $2,338 a month.
ZIP 81507 — Grand Junction
The 81507 housing market remains a seller's market with low inventory and steady demand, driving a 6.2% year-over-year price increase. While the median sale price has reached $656,500, the market shows signs of stabilization with average days on market around 39 days. Buyers continue to face competition, though the sale-to-list ratio suggests some room for negotiation.
This ZIP is well-suited for family buyers and outdoor enthusiasts who value proximity to trails and the Redlands lifestyle while remaining within a short commute of Grand Junction.
Median prices moved up 6.2% year over year.
Homes spend a median of 39 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 4.8% — 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 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 81507, Mesa County CO
The area is served by the Mesa County Valley 51 School District, which maintains a variety of public school options with varying performance ratings.
The region faces standard wildfire and climate-related risks common to Western Colorado, with property insurance premiums influenced by regional hazard exposure.
The Redlands area in 81507 is characterized by residential development with proximity to major regional employers in Grand Junction, including healthcare and energy sectors.
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).
Residents typically commute into the Grand Junction employment core with an average travel time of approximately 17.6 minutes.
The area features extensive access to outdoor amenities including local trails, golf courses, and proximity to the Colorado National Monument.
The rental market is characterized by moderate demand with estimated monthly rents around $2,338; investor presence is noted in the single-family rental segment.
The local economy is anchored by the broader Grand Junction metro area, with significant employment in healthcare, education, and energy services.
Transportation is primarily highway-based, with major corridors connecting the Redlands area to downtown Grand Junction.
Development is primarily focused on residential infill and expansion within the Redlands area.
The Mesa County Assessor manages property valuations and maintains public records for all parcels within the county.
Parcels are subject to Mesa County Valley 51 School District levies and various local water and utility district assessments.
Property insurance markets in Western Colorado are sensitive to wildfire risk, impacting premium structures for residential properties.
Data retrieved from Census Reporter and ACS 2024 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Major regional landmark offering hiking and scenic views.
Premier golf facility serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.