81504, Grand Junction, CO

The Grand Junction, Colorado 81504 zip code has a population of just over 97,000 people. The median household income in the zip code is just under $50,000, and the median home value is just over $200,000. In recent years, home values in the Grand Junction area have been on the rise. As of September 2017, the median home value in the 81504 zip code was $217,500. This represents a 6% increase from September 2016.

One factor that has contributed to this increase in home values is that Grand Junction has seen strong job growth over the past few years. The city has seen an influx of new residents and businesses since it was designated as a "Smart City" by IBM in 2015. This has led to increased demand for housing and property services in the area.

Another factor that may be contributing to the rise in home values is low interest rates. Since 2008, interest rates have been relatively low compared to historical norms, which may have encouraged some homeowners to sell their homes and invest their money elsewhere (such as into stocks or bonds). As interest rates begin to rise again (perhaps eventually reaching historic levels), this could lead to a slowdown or even a reversal of the recent trend of rising home values in Grand Junction.