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Grand Junction

Learn about the people, housing, costs and businesses in Grand Junction, Iowa

Median Home$104,800
Median Rent$829/month
Population691
Leading IndustriesConstruction · Agriculture & Mining · Retail10% construction
Home Value Growth⬆⬆⬆+30.0% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners75% of occupied units
NotableAffordable Market$105k median home · lower cost than 90% of the country
Grand Junction
IA

Frequently Asked Questions

What are today's mortgage rates in Grand Junction?

As of today, the 30-year fixed mortgage rate for Grand Junction is approximately 6.981% (7.023% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Grand Junction?

The median home value in Grand Junction is $105k. The median monthly rent is $829. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Grand Junction?

Home values in Grand Junction have increased 30.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Grand Junction?

Based on a typical all-in ownership cost of $881/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grand Junction is $70k/year.

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What industries drive the economy in Grand Junction?

The largest employment sectors in Grand Junction are public administration (21%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.