JeffCroweCRE

Housing market/Colorado/ZIP 81506

ACS 2023 · FY2027 SAFMR

ZIP 81506 Grand Junction, Colorado

Grand Junction, CO MSA · Colorado. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
11,840
Households
5,328
Median HH income
$76,464
Renter share
38.5%
Median gross rent
$1,211
Vacancy
7.1%
Pop. change
+0.4%
2BR SAFMR
$1,310
SAFMR / rent
1.082×
2–49 unit stock
1,485
LIHTC proj / units
3 / 166
HUD assisted MF
1 / 47

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 81506 · CO — sent to you.

ZIP 81506 · CO

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ACS rent vs 2BR SAFMR

ZIP 81506 — Grand Junction, CO HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,211
2BR SAFMR$1,310
90% floor$1,179
110% ceiling$1,441

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 81506

  • 1-unit detached3,11954.4%
  • 1-unit attached4708.2%
  • 2–4 units3746.5%
  • 5–49 units1,11119.4%
  • 50+ units66311.6%
TypeUnitsShare
1-unit detached3,11954.4%
1-unit attached4708.2%
2 units (duplex)971.7%
3–4 units2774.8%
5–9 units2965.2%
10–19 units3586.2%
20–49 units4578.0%
50+ units66311.6%
Mobile00.0%

2–4 unit share 6.5% · 5–49 unit share 19.4% · combined 2–49 25.9%.

Units by bedrooms

Studio
263
1BR
567
2BR
1,614
3BR
2,190
4BR
862
5+
241

Rent burden

Rent ≥30% of income45.2%
Rent ≥50% of income16.4%
  • ACS median gross rent $1,211 (all bedrooms, occupied rentals).
  • Median contract rent $1,121.
  • Renters paying ≥30% of income 45.2%; ≥50% 16.4%.
  • FY2027 2BR SAFMR $1,310 (1.082× ACS median gross rent).

Population

11,840 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +0.4%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 166 units.
  • HUD project-based assisted MF: 1 properties, 47 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 117 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 81506 38.5% of occupied households are renters; vacancy is 7.1%; ACS median gross rent is $1,211; population increased +0.4% between the 2018 and 2023 ACS vintages; the housing stock includes 374 units in 2–4-unit structures and 1,111 units in 5–49-unit structures; 3 LIHTC projects totaling 166 units; FY2027 2BR SAFMR is $1,310 versus ACS median gross rent of $1,211. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Colorado research

ZIP 81506 is a Census / HUD profile for Grand Junction, CO. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 81506 — Grand Junction, CO HUD Section 8 Payment Standards / SAFMR·Colorado ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
81501Grand Junction, CO MSA52.9%$974$1,26081502Grand Junction, CO MSA——$1,28081503Grand Junction, CO MSA21.9%$1,015$1,19081504Grand Junction, CO MSA21.3%$1,414$1,54081505Grand Junction, CO MSA30.4%$1,424$1,59081507Grand Junction, CO MSA9.3%$1,580$1,75081520Grand Junction, CO MSA34.4%$1,013$1,14081521Grand Junction, CO MSA16.8%$1,249$1,61081522Grand Junction, CO MSA0.0%—$1,28081523Grand Junction, CO MSA14.9%—$1,64081524Grand Junction, CO MSA14.4%$1,702$1,51081525Grand Junction, CO MSA48.3%$1,604$1,280

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Colorado research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 81506?

ZIP 81506 (Grand Junction, CO MSA) has 11,840 residents, 5,328 households, a renter share of 38.5%, median household income of $76,464, and ACS 2023 median gross rent of $1,211. Vacancy is 7.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 81506?

ACS counts 97 units in 2-unit buildings, 277 in 3–4 unit buildings, 296 in 5–9, 358 in 10–19, and 457 in 20–49. Combined 2–49 unit stock is 1,485 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 81506?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,310. See the full schedule and 90–110% payment-standard band on the ZIP 81506 — Grand Junction, CO HUD Section 8 Payment Standards / SAFMR.

Does this Colorado ZIP profile include Georgia listings?

No. ZIP 81506 is Census / HUD research for Grand Junction, CO MSA. Jeff Crowe CRE does not list Colorado property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.