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Sarah Mitchell
Compass Real Estate · ZIP 81503
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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81503 ZIP Code Housing Market
$408,900median sale price
What is the 81503 housing market like right now?
The median home sale price in ZIP code 81503 is $408,900, down 0.6% year-over-year. Homes sell in an average of 28 days with 76 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 81503 ZIP code a buyer's or seller's market?
ZIP code 81503 is currently a balanced market and homes selling in about 28 days. How we determine this →
What are the latest 81503 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $408,900 |
| Median list price | $430,950 |
| Year-over-year price change | -0.6% |
| Average days on market | 28 days |
| Active inventory | 76 listings |
| Sale-to-list price ratio | 99.2% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 81503 zip code, located in Orchard Mesa, CO, is currently classified as a balanced market. The median sale price stands at $408,900, representing a -0.6% change year over year. Homes in this area spend an average of 28 days on the market before going under contract. There are currently 76 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 81503 sits in the Orchard Mesa, CO area, roughly 2 miles from downtown Orchard Mesa. Because home prices are set street by street, this ZIP can move differently from Orchard Mesa's citywide averages. The figures below reflect 81503 specifically — drawn from Redfin transactions, U.S. Census data for its 16,558 residents, and Zillow value estimates.
Homes sold
98
Last 12 weeks
Days on market
28
Average pace
Active listings
76
Sale-to-list
99.2%
Below asking
What is driving the 81503 housing market?
The 81503 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, homes are selling at approximately 99.2% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 81503 have declined -0.6% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 81503 stands at $409,406, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,908 per month. This gives a price-to-rent ratio of approximately 17.9, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 81503?
Population
16,558
Median income
$75,053/yr
Median age
38.7 years
Owner-occupied
77.1%
College grads
24.8%
Avg commute
19.99 min
What is it like living in 81503?
Zip code 81503 is home to approximately 16,558 residents. The median household income is $75,053 per year, which shapes the types of homes and amenities available in the area. With a median age of 38.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 77.1% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 24.8% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 19.99 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 81503.
Which public schools serve ZIP 81503?
6 schools tracked · 1,975 students
The largest public schools serving ZIP code 81503 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Orchard Mesa Middle School
Grades 6-8 · 581 students
Mesa View Elementary School
Grades PK-5 · 364 students
Lincoln Orchard Mesa Elementary School
Grades PK-5 · 316 students
Broadway Elementary School
Grades PK-5 · 289 students
Dos Rios Elementary School
Grades PK-5 · 285 students
New Emerson School at Columbus
Grades K-5 · 140 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 81503
What is the median home price in 81503?
The current median sale price in 81503 is $408,900, based on recent Redfin transaction data. Prices have changed -0.6% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 81503 a buyer's or seller's market?
The 81503 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 81503?
Zip code 81503 has a population of approximately 16,558 residents. The median household income is $75,053 per year. About 77.1% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 81503?
Properties Incorporated provides comprehensive data for 81503 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 81503 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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