Mortgage payment estimates, closing cost breakdowns, and homebuying data for Grand Junction, Colorado.
Pre-filled with Grand Junction median home price and Colorado tax/insurance rates. Adjust for your property.
Estimated closing costs based on Colorado rates and fees applied to Grand Junction prices.
The median home price in Grand Junction is $365,000, 30% below the Colorado state median of $520,000. With a population of 65,991, Grand Junction is a smaller market where home prices tend to be more accessible than in many parts of Colorado.
Property taxes in Colorado average 0.51% annually. This low property tax rate is a significant advantage for Grand Junction buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Colorado runs approximately $3,200 per year. Insurance costs are notably high — factor this into your monthly budget.
Average rent in Grand Junction is $1,280/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Grand Junction presents moderate affordability. The $365K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.