Mesa, AZ—85206
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 $380,000, with a year-over-year change of -2.8%. 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 | $380,000 | -2.8% |
| Single Family | $390,000 | -2.7% |
| Condos | $273,000 | -2.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $197,000 | -7.1% |
2 Bed | $331,000 | -2.9% |
3 Bed | $408,000 | -2.9% |
4 Bed | $480,000 | -2.4% |
| 5 Bed | $655,000 | -1.8% |
% of Housing Stock
Rental Trends — Mesa, AZ
As of July '25, Rentcast reports the average rent in Mesa, AZ is $2,230, with a year-over-year rent change of 2.8%. Per bedroom, the median rent as of July '25 in Mesa, AZ is studios: $1,580, 1-bedrooms: $1,350, 2-bedrooms: $2,300, 3-bedrooms: $2,460, 4-bedrooms: $2,490. The most common rental property sizes in Mesa, AZ are 2-bedroom and 1-bedroom, accounting for 53.4% and 22.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,070 | $2,230 |
| Studio Rent | $1,580 | $1,580 |
| 1 Bed Rent | $1,310 | $1,350 |
| 2 Bed Rent | $2,200 | $2,300 |
| 3 Bed Rent | $2,100 | $2,460 |
| 4 Bed Rent | $2,290 | $2,490 |
% 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 50. This is a increase of 17.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $358,000 | -11.0% |
Listing Count | 172 | 42.0% |
| Listings as % of Homes | 0.8% | 42.0% |
Days on Market | 50 | 17.0% |
Demographics — Mesa, AZ
As of the latest ACS Survey released in 2023, Mesa, AZ has a population of 36,900, which has remained stable by -0.0% 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 33.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,900 | 0.0% |
% Under 18 | 18.1% | -6.7% |
% Seniors | 31.3% | 6.5% |
% WFH | 16.6% | 95.3% |
% w/ College Degree | 33.9% | 35.1% |
As of the latest ACS Survey released in 2023, Mesa, AZ is a predominantly white area, with 69.0% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Mesa, AZ is hispanic, making up 21.1% of the population. Foreign-born residents account for 8.2% of the population in Mesa, AZ, and this percentage has increased by 9.3% 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 | 69.0% | -6.6% |
% Black | 3.3% | -42.1% |
% Hispanic | 21.1% | 22.7% |
% Asian | 1.7% | 70.0% |
% Foreign Born | 8.2% | 9.3% |
Mortgage and Risk — Mesa, AZ
According to HUD data as of 2023, there were 354 mortgage originations in Mesa, AZ, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 26.0% 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. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 354 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% 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 3.5%. 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 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Mesa, AZ, because HUD payments exceed market rent, while 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 203 |
Total Units Section 8 | 203 |
% Rentals under Section 8 | 3.5% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $460 | $1,310 | $1,770 |
| 2 Bedroom | -$140 | $2,200 | $2,060 |
| 3 Bedroom | $670 | $2,100 | $2,770 |
| 4 Bedroom | $810 | $2,290 | $3,100 |
Affordability — Mesa, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $380,000 |
| Median Household Income | $70,000 |