Mesa, AZ—85203
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 $442,000, with a year-over-year change of -3.5%. This indicates that home prices in Mesa, AZ are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $442,000 | -3.5% |
| Single Family | $452,000 | -3.6% |
| Condos | $225,000 | -3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $281,000 | -7.6% |
3 Bed | $425,000 | -3.6% |
4 Bed | $526,000 | -3.0% |
| 5 Bed | $716,000 | -1.1% |
% of Housing Stock
Rental Trends — Mesa, AZ
As of July '25, Rentcast reports the average rent in Mesa, AZ is $1,810, with a year-over-year rent change of 9.0%. Per bedroom, the median rent as of July '25 in Mesa, AZ is studios: $1,210, 1-bedrooms: $1,190, 2-bedrooms: $1,480, 3-bedrooms: $2,130, 4-bedrooms: $3,230. The most common rental property sizes in Mesa, AZ are 2-bedroom and 1-bedroom, accounting for 48.0% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,520 | $1,810 |
| Studio Rent | $899 | $1,210 |
| 1 Bed Rent | $1,150 | $1,190 |
| 2 Bed Rent | $1,420 | $1,480 |
| 3 Bed Rent | $2,100 | $2,130 |
| 4 Bed Rent | $2,600 | $3,230 |
% 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 43. This is a increase of 21.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $473,000 | -10.0% |
Listing Count | 77 | 15.0% |
| Listings as % of Homes | 0.5% | 15.0% |
Days on Market | 43 | 21.0% |
Demographics — Mesa, AZ
As of the latest ACS Survey released in 2023, Mesa, AZ has a population of 37,400, which has decreased by -4.2% over the past 5 years. Mesa, AZ is a popular place for families, as children make up 26.1% of the population. The area has a moderately educated workforce, with 29.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,400 | -4.2% |
% Under 18 | 26.1% | -5.8% |
% Seniors | 12.2% | 18.4% |
% WFH | 14.6% | 192.0% |
% w/ College Degree | 29.0% | 22.9% |
As of the latest ACS Survey released in 2023, Mesa, AZ is a predominantly white area, with 55.9% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Mesa, AZ is hispanic, making up 27.8% of the population. Foreign-born residents account for 11.0% of the population in Mesa, AZ, and this percentage has decreased by 14.1% 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 | 55.9% | -0.9% |
% Black | 4.9% | 4.3% |
% Hispanic | 27.8% | -12.0% |
% Asian | 2.6% | 136.4% |
% Foreign Born | 11.0% | -14.1% |
Mortgage and Risk — Mesa, AZ
According to HUD data as of 2023, there were 499 mortgage originations in Mesa, AZ, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 26.0% 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. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 499 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Mesa, AZ
As of 2024, the percent of homes in Mesa, AZ under the Section 8 program is 4.0%. 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 | 209 |
Total Units Section 8 | 209 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,150 | $1,520 |
| 2 Bedroom | $350 | $1,420 | $1,770 |
| 3 Bedroom | $280 | $2,100 | $2,380 |
| 4 Bedroom | $60 | $2,600 | $2,660 |
Affordability — Mesa, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $442,000 |
| Median Household Income | $72,900 |