ZIP Code · CO

ZIP 81507

Part of Grand Junction, CO

Pop. 15,947·Mesa County·44th most expensive ZIP in Colorado

Median rent (all units)

$2,215/mo

Year-over-Year

-0.2%

Month-over-Month

+0.2%

vs US Median

+$283

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 81507 · $2,215

More expensive than 71% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,210

1 BR

$1,360

2 BR

$1,720

3 BR

$2,390

4 BR+

$2,890

Research median

$1,720/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Colorado

Rent in ZIP 81507 changed -0.2% over the year to September 2026. Across the 155 Colorado ZIP codes Zillow tracks, the typical change was +1.3%.

Recent direction

Rent has risen 2 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($107,528) is $2,688 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,390); a 4-bedroom is $2,890.

Rank in Grand Junction

5th cheapest of 5 ZIP codes in Grand Junction.

Cheaper nearby

ZIP 81501, 7 miles away, rents for 32% less ($1,499/mo), about $8,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 81507. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,580/yr

At $2,215/mo median

Location

CityGrand Junction

StateCO

CountyMesa County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-0.2% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 81507 (Grand Junction, CO) is majority owner-occupied, has a large retiree population, has a median income above the national average, 56.9% of residents hold a bachelor's degree or higher.

Population

15,947

Median income

$107,528

Median age

50.5

Renters

8.5%

Age distribution

21.3%

23.9%

13.1%

31.4%

Under 1821.3%

18–3410.3%

35–5423.9%

55–6413.1%

65+31.4%

Gender

50.2%

49.8%

Male50.2%

Female49.8%

Race & ethnicity

88.6%

White88.6%

Hispanic10.3%

Asian1.2%

Education (25+)

15.7%

24.5%

56.9%

No HS diploma2.9%

HS diploma15.7%

Some college24.5%

Bachelor's+56.9%

Housing tenure

91.5%

Owner91.5%

Renter8.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 81507 in Grand Junction, CO has changed in 5 years

Income

$92,179 → $107,528

up 16.7%

Population

15,911 → 15,947

up 0.2%

Renter share

9.8% → 8.5%

-1.3 pts

Bachelor's+

54.9% → 56.9%

+2.0 pts

Household income in the area moved from $92,179 to $107,528 across the same window, up 16.7% versus 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 54.9% to 56.9%.

Community

Discussions about ZIP 81507

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Local insights

Tips for renters in ZIP 81507

About renting in ZIP 81507

Last updated: October 17, 2026

ZIP code 81507 covers Grand Junction, CO. The median rent here is $2,215/mo as of October 2026. A 1-bedroom rents for a median of $1,360/mo. A 2-bedroom rents for a median of $1,720/mo.

At 25% of local median household income ($107,528/yr), ZIP 81507 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 81507?

To keep rent at or below 30% of gross income, you would need to earn at least $89,000/year (about $43/hour full-time) to afford the median rent of $2,215/mo in ZIP 81507. The local median household income is $107,528/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 81507?

Rent in ZIP 81507 has been roughly flat over the past year, a -0.2% change.

How does ZIP 81507 compare to other ZIPs in Colorado?

ZIP 81507 is one of the pricier among Colorado ZIP codes for rent, ranking #44 of 168 at $2,215/mo. Over the year to September 2026, rent in ZIP 81507 changed -0.2%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.