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These days, finding an affordable place to live in the Grand Junction area can be challenging. Home prices in Grand Junction are now at a median cost of $166,760, lower than the Michigan average of $250,415.
The average cost of rent is $945/mo in Grand Junction, primarily driven by the current value of real estate in the Grand Junction area. In Grand Junction, 12.64% of households rent, and 42.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grand Junction is $5,244 per month. Households that rent pay about 18.02% of their income on rent here. Grand Junction’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Breedsville, MI: higher priced homes
- Bloomingdale, MI: equally priced homes
- Kibbie, MI: higher priced homes
- Pullman, MI: less expensive homes
- Bangor, MI: equally priced homes
- Leisure, MI: higher priced homes
- Lacota, MI: higher priced homes
- Chicora, MI: higher priced homes
- South Haven, MI: higher priced homes
- Cheshire Center, MI: higher priced homes
Cities with Similar Populations
- Bodfish, CA: less expensive homes
- Browerville, MN: higher priced homes
- Earlville, IL: equally priced homes
- Fillmore, IN: higher priced homes
- Garden View, PA: equally priced homes
- Readfield, ME: higher priced homes
- Shelburn, IN: less expensive homes
- Pownal, VT: higher priced homes
- Portville, NY: less expensive homes
- Pomfret Center, CT: higher priced homes
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