Excitement on the Western Slope! Grand Junction is named such because of the confluence of the Gunnison and Colorado Rivers. Before railroads and highways existed, the natural path of flow was carved unto this basin by water. To this day, hikers enjoy the Kokopelli and Tabeguaghe trails since they offer steep challenges and exhilarating views.
Grand Junction, CO is a great place for affordable rent-to-own homes! With a median household income of over $54,570 and a median rent of $895, the Grand Junction, CO rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Grand Junction, CO. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Grand Junction, CO is seeing rapid growth and Grand Junction, CO's' housing market remains not optimal with an average home price that is 16% above the 2022 national average. Grand Junction, CO is part of Mesa county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2022 for county Mesa is 0.46% which is below the national average, which is 0.99%.
Grand Junction, CO has a walk score of
Grand Junction, CO has a bike score of
The state tax rate is 4.55% on top of the federal tax rate of 10 to 37%.