Mesa, AZ—85207
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 $553,000, with a year-over-year change of -2.5%. 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 | $553,000 | -2.5% |
| Single Family | $559,000 | -2.6% |
| Condos | $253,000 | -4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $346,000 | -4.9% |
3 Bed | $456,000 | -3.4% |
4 Bed | $688,000 | -2.1% |
| 5 Bed | $959,000 | -0.5% |
% of Housing Stock
Rental Trends — Mesa, AZ
As of July '25, Rentcast reports the average rent in Mesa, AZ is $2,550, with a year-over-year rent change of -7.9%. Per bedroom, the median rent as of July '25 in Mesa, AZ is studios: $1,560, 1-bedrooms: $1,220, 2-bedrooms: $1,640, 3-bedrooms: $2,480, 4-bedrooms: $3,500. The most common rental property sizes in Mesa, AZ are 2-bedroom and 3-bedroom, accounting for 42.1% and 34.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,550 |
| Studio Rent | $1,560 | $1,560 |
| 1 Bed Rent | $1,050 | $1,220 |
| 2 Bed Rent | $1,500 | $1,640 |
| 3 Bed Rent | $2,250 | $2,480 |
| 4 Bed Rent | $3,100 | $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 59. This is a increase of 50.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $700,000 | 3.0% |
Listing Count | 215 | 20.0% |
| Listings as % of Homes | 0.8% | 20.0% |
Days on Market | 59 | 50.0% |
Demographics — Mesa, AZ
As of the latest ACS Survey released in 2023, Mesa, AZ has a population of 50,100, which has remained stable by 0.8% over the past 5 years. Mesa, AZ is a moderately popular place for families, as children make up 19.9% of the population. The area has a moderately educated workforce, with 36.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,100 | 0.8% |
% Under 18 | 19.9% | -14.2% |
% Seniors | 21.4% | 18.2% |
% WFH | 21.6% | 157.1% |
% w/ College Degree | 36.2% | 12.1% |
As of the latest ACS Survey released in 2023, Mesa, AZ is a predominantly white area, with 75.8% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Mesa, AZ is hispanic, making up 17.4% of the population. Foreign-born residents account for 11.1% of the population in Mesa, AZ, and this percentage has increased by 50.0% 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 | 75.8% | -2.7% |
% Black | 1.5% | -34.8% |
% Hispanic | 17.4% | 8.1% |
% Asian | 2.0% | 53.8% |
% Foreign Born | 11.1% | 50.0% |
Mortgage and Risk — Mesa, AZ
According to HUD data as of 2023, there were 994 mortgage originations in Mesa, AZ, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 19.0% above 90% LTV (elevated). This implies medium 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 | 994 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% 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 5.4%. 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 | 177 |
Total Units Section 8 | 177 |
% Rentals under Section 8 | 5.4% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $620 | $1,050 | $1,670 |
| 2 Bedroom | $440 | $1,500 | $1,940 |
| 3 Bedroom | $360 | $2,250 | $2,610 |
| 4 Bedroom | -$180 | $3,100 | $2,920 |
Affordability — Mesa, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $553,000 |
| Median Household Income | $99,400 |