Mesquite, TX—75150
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mesquite, TX
As of Oct '25, the median home price in Mesquite, TX is $250,000, with a year-over-year change of -7.1%. This indicates that home prices in Mesquite, TX are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $250,000 | -7.1% |
| Single Family | $250,000 | -7.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $193,000 | -8.5% |
3 Bed | $247,000 | -7.1% |
4 Bed | $279,000 | -6.7% |
| 5 Bed | $309,000 | -7.2% |
% of Housing Stock
Rental Trends — Mesquite, TX
As of July '25, Rentcast reports the average rent in Mesquite, TX is $1,560, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Mesquite, TX is studios: $953, 1-bedrooms: $1,140, 2-bedrooms: $1,490, 3-bedrooms: $2,000, 4-bedrooms: $2,170. The most common rental property sizes in Mesquite, TX are 2-bedroom and 1-bedroom, accounting for 35.7% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,560 |
| Studio Rent | $930 | $953 |
| 1 Bed Rent | $1,120 | $1,140 |
| 2 Bed Rent | $1,480 | $1,490 |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | $2,200 | $2,170 |
% of Rental Stock
Property Listings — Mesquite, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Mesquite, TX is 56. This is a increase of 13.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | -3.0% |
Listing Count | 179 | 6.0% |
| Listings as % of Homes | 0.4% | 6.0% |
Days on Market | 56 | 13.0% |
Demographics — Mesquite, TX
As of the latest ACS Survey released in 2023, Mesquite, TX has a population of 63,000, which has remained stable by 0.9% over the past 5 years. Mesquite, TX is a popular place for families, as children make up 27.3% of the population. The area has a poorly educated workforce, with 19.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 63,000 | 0.9% |
% Under 18 | 27.3% | -3.2% |
% Seniors | 14.1% | 29.4% |
% WFH | 10.2% | 537.5% |
% w/ College Degree | 19.9% | 10.6% |
As of the latest ACS Survey released in 2023, Mesquite, TX is a predominantly hispanic area, with 47.2% of the population identifying as hispanic. The hispanic population has grown by 9.3% in the last 5 years. The second most common race or ethnicity in Mesquite, TX is white, making up 26.6% of the population. Foreign-born residents account for 20.5% of the population in Mesquite, TX, and this percentage has decreased by 1.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.6% | -5.0% |
% Black | 21.1% | -7.9% |
% Hispanic | 47.2% | 9.3% |
% Asian | 2.9% | -12.1% |
% Foreign Born | 20.5% | -1.4% |
Mortgage and Risk — Mesquite, TX
According to HUD data as of 2023, there were 531 mortgage originations in Mesquite, TX, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Mesquite, TX. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 531 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Mesquite, TX
As of 2024, the percent of homes in Mesquite, TX under the Section 8 program is 4.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Mesquite, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 496 |
Total Units Section 8 | 496 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $420 | $1,120 | $1,540 |
| 2 Bedroom | $330 | $1,480 | $1,810 |
| 3 Bedroom | $270 | $2,000 | $2,270 |
| 4 Bedroom | $710 | $2,200 | $2,910 |
Affordability — Mesquite, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $250,000 |
| Median Household Income | $66,000 |