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Grand Junction

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

Median Home$112,388
Median Rent$700/month
Population324
Leading IndustriesRetail · Manufacturing · Wholesale Trade17% retail
Home Value Growth+1.8% over 2 years
Retirees29% of residentswell above average
Homeowners73% of occupied units
NotableAffordable Market$112k median home · lower cost than 88% of the country
Grand Junction
TN

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 6.987% (7.026% 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 $112k. The median monthly rent is $700. Annual property taxes average $543. 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 1.8% over the past two years. The market has been relatively stable. 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 $696/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grand Junction is $44k/year.

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What industries drive the economy in Grand Junction?

The largest employment sectors in Grand Junction are public administration (20%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.