Market Overview
Home Prices in Grand Junction, TN
The median home value in Grand Junction, TN is $159,664 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.7% compared to a year ago and down 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Grand Junction are priced61% below average. Grand Junction is part of the Memphis, TN-MS-AR metro area.
Price History
Grand Junction Home Price Trend
2022
$128,359
$128K
—
2023
$135,085
$135K
+5.2%
2024
$152,277
$152K
+12.7%
2025
$149,642
$150K
-1.7%
2026
$159,664
$160K
+6.7%
City Comparison
Grand Junction vs. National Median
🏠 Grand Junction
$159,664
National Median
$410,000
At $159,664, homes in Grand Junction cost 61% 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
$31,933
on $159,664
Monthly P&I
$833/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,058/mo
incl. taxes & insurance
Income Needed
$42,320
gross annual (30% rule)
10% Down Option
$15,966
+ PMI applies
Loan Amount (20% dn)
$127,731
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, TN?
The median home value in Grand Junction is $159,664 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.7% year-over-year.
How much have home prices changed in Grand Junction?
Over the past year, home values in Grand Junction have increased by 6.7%.
How much do I need to earn to buy a home in Grand Junction?
To comfortably afford the median home price of $159,664 with a 20% down payment ($31,933) at today's rates (6.8%), you'd need a gross annual income of approximately $42,320. 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 $159,664, homes in Grand Junction are 61% below the national average.
What metro area is Grand Junction part of?
Grand Junction is part of the Memphis, TN-MS-AR metropolitan area. Home prices and market conditions can vary across the broader metro region.