Mesa, AZ—85201
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mesa, AZ
As of Oct '25, the median home price in Mesa, AZ is $356,000, with a year-over-year change of -5.3%. This indicates that home prices in Mesa, AZ are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $356,000 | -5.3% |
| Single Family | $370,000 | -5.4% |
| Condos | $226,000 | -6.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $200,000 | -5.2% |
2 Bed | $258,000 | -7.2% |
3 Bed | $377,000 | -4.8% |
4 Bed | $439,000 | -4.6% |
| 5 Bed | $553,000 | -3.5% |
% of Housing Stock
Rental Trends — Mesa, AZ
As of July '25, Rentcast reports the average rent in Mesa, AZ is $1,560, with a year-over-year rent change of -5.5%. Per bedroom, the median rent as of July '25 in Mesa, AZ is studios: $1,050, 1-bedrooms: $1,130, 2-bedrooms: $1,410, 3-bedrooms: $2,260, 4-bedrooms: $2,340. The most common rental property sizes in Mesa, AZ are 2-bedroom and 1-bedroom, accounting for 45.3% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,560 |
| Studio Rent | $975 | $1,050 |
| 1 Bed Rent | $1,100 | $1,130 |
| 2 Bed Rent | $1,320 | $1,410 |
| 3 Bed Rent | $2,000 | $2,260 |
| 4 Bed Rent | $2,200 | $2,340 |
% of Rental Stock
Property Listings — Mesa, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Mesa, AZ is 67. This is a increase of 26.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $328,000 | -7.0% |
Listing Count | 100 | 27.0% |
| Listings as % of Homes | 0.4% | 27.0% |
Days on Market | 67 | 26.0% |
Demographics — Mesa, AZ
As of the latest ACS Survey released in 2023, Mesa, AZ has a population of 52,500, which has increased by 1.9% over the past 5 years. Mesa, AZ is a moderately popular place for families, as children make up 21.6% of the population. The area has a moderately educated workforce, with 26.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,500 | 1.9% |
% Under 18 | 21.6% | -13.9% |
% Seniors | 10.3% | 0.0% |
% WFH | 13.2% | 207.0% |
% w/ College Degree | 26.5% | 27.4% |
As of the latest ACS Survey released in 2023, Mesa, AZ is a predominantly white area, with 43.8% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Mesa, AZ is hispanic, making up 39.8% of the population. Foreign-born residents account for 14.2% of the population in Mesa, AZ, and this percentage has decreased by 17.9% 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 | 43.8% | -5.0% |
% Black | 5.4% | -8.5% |
% Hispanic | 39.8% | 4.5% |
% Asian | 2.2% | -8.3% |
% Foreign Born | 14.2% | -17.9% |
Mortgage and Risk — Mesa, AZ
According to HUD data as of 2023, there were 569 mortgage originations in Mesa, AZ, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Mesa, AZ. Investor activity is low, as 2.0% 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 | 569 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Mesa, AZ
As of 2024, the percent of homes in Mesa, AZ under the Section 8 program is 5.1%. 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 Mesa, AZ, 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 | 707 |
Total Units Section 8 | 652 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 94.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $410 | $1,100 | $1,510 |
| 2 Bedroom | $430 | $1,320 | $1,750 |
| 3 Bedroom | $350 | $2,000 | $2,350 |
| 4 Bedroom | $430 | $2,200 | $2,630 |
Affordability — Mesa, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $356,000 |
| Median Household Income | $63,700 |