Market Overview
Home Prices in Grand Junction, IA
The median home value in Grand Junction, IA is $119,729 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.9% compared to a year ago and down 0.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grand Junction are priced71% below average.
Over the past five years, Grand Junction home values have risen by approximately27.3%, reflecting strong long-term appreciation in this market.
Price History
Grand Junction Home Price Trend
2020
$82,670
$83K
—
2021
$94,057
$94K
+13.8%
2022
$109,412
$109K
+16.3%
2023
$105,662
$106K
-3.4%
2024
$117,473
$117K
+11.2%
2025
$116,368
$116K
-0.9%
2026
$119,729
$120K
+2.9%
City Comparison
Grand Junction vs. National Median
🏠 Grand Junction
$119,729
National Median
$410,000
At $119,729, homes in Grand Junction cost 71% below the national median of $410,000. This makes Grand Junction a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Grand Junction?
20% Down Payment
$23,946
on $119,729
Monthly P&I
$624/mo
30-yr @ 6.8%
Total Monthly Est.
~$792/mo
incl. taxes & insurance
Income Needed
$31,680
gross annual (30% rule)
10% Down Option
$11,973
+ PMI applies
Loan Amount (20% dn)
$95,783
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Grand Junction, IA?
The median home value in Grand Junction is $119,729 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.9% year-over-year.
How much have home prices changed in Grand Junction?
Over the past year, home values in Grand Junction have increased by 2.9%. Over five years, prices have risen approximately 27.3%.
How much do I need to earn to buy a home in Grand Junction?
To comfortably afford the median home price of $119,729 with a 20% down payment ($23,946) at today's rates (6.8%), you'd need a gross annual income of approximately $31,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Grand Junction compare to the national average home price?
The national median home value is approximately $410,000. At $119,729, homes in Grand Junction are 71% below the national average.