Location: Grand Junction, CO | Metro: Grand Junction, CO MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,290 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,260 |
| 4 Bedrooms | $2,730 |
| 5 Bedrooms | $3,167 |
| 6 Bedrooms | $3,547 |
| 7 Bedrooms | $3,831 |
| 8 Bedrooms | $4,023 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,640 | $532,787 | 0.31% | F |
| 3BR | $2,260 | $690,505 | 0.33% | F |
U.S. Census Bureau data (2024)
The market in ZIP 81523, Glade Park, CO, is characterized by a strong foundation in homeownership, with a median home value of $618,250. This figure suggests a relatively affluent community where property ownership is prevalent. However, the rental market provides a contrasting perspective. The Fair Market Rent (FMR) for the area, set at $1120 for fiscal year 2024, indicates a specific benchmark for rental affordability, but the lack of current market rent data implies that either the rental market is less active or there is limited recent data available.
A key indicator of rental market dynamics is the 13.0% renter share. This low percentage suggests that a majority of residents prefer or can afford to own their homes, which could point to a stable housing environment. However, it also implies that any increase in the number of renters could put upward pressure on rents due to the limited supply of rental properties. The absence of data regarding the percentage of price-cut share and days on market (DOM) makes it challenging to assess the immediate supply-demand balance, but the overall picture hints at a market where demand might be slightly outpacing supply, particularly in the rental sector.
In a broader context, the low renter share can be indicative of long-term housing pressures. As the population grows or changes, the demand for rentals could increase, leading to potential challenges in maintaining affordable housing options. Landlords and small-portfolio investors should consider the potential for rising rental demand as part of their investment strategy in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.