How much is a home worth in ZIP code 81503?

The typical home in 81503 is worth $402,790, based on the Zillow Home Value Index.

Are home values rising in 81503?

Home values in 81503 are up 3.1% over the past year, and up 6.4% a year over five years.

What is the typical rent in 81503?

A typical home in 81503 rents for about $1,949 a month, a gross rental yield of 5.8%.

What is the property tax rate in 81503?

The effective property tax rate in 81503 is 0.4% — roughly $1,699 a year on a typical home.

ZIP code 81503 has a population of 16,558 and a median household income of $75,053.

HousingHandbookReference data

…

U.S. ZIP Code · CO81503

Mesa County · Grand Junction, CO

Typical home value

$402,790^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.1%
5-year / yr: +6.4%
10-year / yr: +7.6%

Relative price

vs U.S.: +41.8%
vs metro: -19.4%
vs state: -19.7%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 81503 is worth $402,790 — 19.4% below the Grand Junction, CO median. Over the past year, values have risen 3.1%. Homes here rent for a typical $1,949 a month — a 5.8% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,949^[2]
Gross yield: 5.8%^[2]
Cap rate: 3.5%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.4%^[3]
Typical annual tax: $1,699^[3]

#Climate risk

FEMA National Risk Index ratings for Mesa County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively Moderate
Drought: Relatively Moderate
Heat wave: Relatively Low
Hurricane: Not Applicable
Tornado: Very Low
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 16,558^[3]
Median household income: $75,053^[3]

#Migration

Household moves in and out of Mesa County over a year, from IRS tax-return data.

Net migration: +797^[5]
Moved in: 4,234
Moved out: 3,437

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 6
Elementary: 5
Middle: 1
High: 0

Orchard Mesa Middle School
Middle · Grades 6–8 · Mesa County Valley School District No. 51
581 students
Mesa View Elementary School
Elementary · Grades PK–5 · Mesa County Valley School District No. 51
364 students
Lincoln Orchard Mesa Elementary School
Elementary · Grades PK–5 · Mesa County Valley School District No. 51
316 students
Broadway Elementary School
Elementary · Grades PK–5 · Mesa County Valley School District No. 51
289 students
Dos Rios Elementary School
Elementary · Grades PK–5 · Mesa County Valley School District No. 51
285 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.8%

Net yield (after ~40% expenses)3.5%

Annual rent$23,385

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,037

Loan principal$322,232

Down payment$80,558

Total interest paid$410,989

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.29

Monthly cost to own$2,513

Monthly rent$1,949

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 64th percentile^[1]
Rental yield: 88th percentile^[2]
Property tax: 93rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 81503?: The typical home in 81503 is worth $402,790, based on the Zillow Home Value Index.
Are home values rising in 81503?: Home values in 81503 are up 3.1% over the past year, and up 6.4% a year over five years.
What is the typical rent in 81503?: A typical home in 81503 rents for about $1,949 a month, a gross rental yield of 5.8%.
What is the property tax rate in 81503?: The effective property tax rate in 81503 is 0.4% — roughly $1,699 a year on a typical home.
Who lives in 81503?: ZIP code 81503 has a population of 16,558 and a median household income of $75,053.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

81504 vs 81503 →
Grand Junction, CO
Typical home
$387,525
Gross yield
6.0%
81624 vs 81503 →
Collbran, CO
Typical home
$419,456
Gross yield
—
81501
Grand Junction, CO
Typical home
$349,774
Gross yield
5.8%
81520
Clifton CDP, CO
Typical home
$333,630
Gross yield
5.0%
81521
Fruita, CO
Typical home
$482,696
Gross yield
4.4%
81525
CO
Typical home
$483,649
Gross yield
—

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#Jump to section

U.S. ZIP Code · CO81503

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