Mesa, AZ—85205
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 $399,000, with a year-over-year change of -3.1%. 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 | $399,000 | -3.1% |
| Single Family | $404,000 | -3.1% |
| Condos | $244,000 | -4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $305,000 | -3.8% |
3 Bed | $407,000 | -3.1% |
4 Bed | $516,000 | -2.6% |
| 5 Bed | $862,000 | 1.3% |
% of Housing Stock
Rental Trends — Mesa, AZ
As of July '25, Rentcast reports the average rent in Mesa, AZ is $2,060, with a year-over-year rent change of -2.8%. Per bedroom, the median rent as of July '25 in Mesa, AZ is studios: $1,050, 1-bedrooms: $1,290, 2-bedrooms: $1,640, 3-bedrooms: $2,130, 4-bedrooms: $3,500. The most common rental property sizes in Mesa, AZ are 2-bedroom and 1-bedroom, accounting for 38.8% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,850 | $2,060 |
| Studio Rent | $1,050 | $1,050 |
| 1 Bed Rent | $1,200 | $1,290 |
| 2 Bed Rent | $1,600 | $1,640 |
| 3 Bed Rent | $2,090 | $2,130 |
| 4 Bed Rent | $2,760 | $3,500 |
% 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 49. This is a increase of 10.0% 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 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $374,000 | -8.0% |
Listing Count | 168 | 32.0% |
| Listings as % of Homes | 0.6% | 32.0% |
Days on Market | 49 | 10.0% |
Demographics — Mesa, AZ
As of the latest ACS Survey released in 2023, Mesa, AZ has a population of 44,700, which has increased by 6.0% over the past 5 years. Mesa, AZ is a moderately popular place for families, as children make up 18.1% of the population. The area has a moderately educated workforce, with 29.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,700 | 6.0% |
% Under 18 | 18.1% | -9.0% |
% Seniors | 28.6% | 2.9% |
% WFH | 16.7% | 169.4% |
% w/ College Degree | 29.5% | 13.5% |
As of the latest ACS Survey released in 2023, Mesa, AZ is a predominantly white area, with 74.5% of the population identifying as white. The white population has shrunk by 7.3% in the last 5 years. The second most common race or ethnicity in Mesa, AZ is hispanic, making up 15.3% of the population. Foreign-born residents account for 7.8% of the population in Mesa, AZ, and this percentage has increased by 2.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.5% | -7.3% |
% Black | 4.2% | 147.1% |
% Hispanic | 15.3% | 14.2% |
% Asian | 2.4% | 118.2% |
% Foreign Born | 7.8% | 2.6% |
Mortgage and Risk — Mesa, AZ
According to HUD data as of 2023, there were 831 mortgage originations in Mesa, AZ, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Mesa, AZ. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 831 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Mesa, AZ
As of 2024, the percent of homes in Mesa, AZ under the Section 8 program is 3.8%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Mesa, AZ, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 195 |
Total Units Section 8 | 194 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,200 | $1,520 |
| 2 Bedroom | $170 | $1,600 | $1,770 |
| 3 Bedroom | $290 | $2,090 | $2,380 |
| 4 Bedroom | -$100 | $2,760 | $2,660 |
Affordability — Mesa, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $399,000 |
| Median Household Income | $71,300 |