Mesa, AZ—85209
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 -2.9%. This indicates that home prices in Mesa, AZ are decreasing. According to Zillow, the 1-year price projection is 0.0%, 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 | -2.9% |
| Single Family | $453,000 | -3.2% |
| Condos | $318,000 | -0.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $253,000 | -2.7% |
2 Bed | $372,000 | -2.6% |
3 Bed | $427,000 | -3.2% |
4 Bed | $522,000 | -3.0% |
| 5 Bed | $642,000 | -2.0% |
% of Housing Stock
Rental Trends — Mesa, AZ
As of July '25, Rentcast reports the average rent in Mesa, AZ is $2,160, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Mesa, AZ is studios: $1,510, 1-bedrooms: $1,480, 2-bedrooms: $1,830, 3-bedrooms: $2,320, 4-bedrooms: $2,540. The most common rental property sizes in Mesa, AZ are 2-bedroom and 3-bedroom, accounting for 33.5% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,160 |
| Studio Rent | $1,510 | $1,510 |
| 1 Bed Rent | $1,470 | $1,480 |
| 2 Bed Rent | $1,700 | $1,830 |
| 3 Bed Rent | $2,150 | $2,320 |
| 4 Bed Rent | $2,350 | $2,540 |
% 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 45. This is a increase of 9.0% 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 | $448,000 | -7.0% |
Listing Count | 199 | 58.0% |
| Listings as % of Homes | 0.9% | 58.0% |
Days on Market | 45 | 9.0% |
Demographics — Mesa, AZ
As of the latest ACS Survey released in 2023, Mesa, AZ has a population of 42,200, which has increased by 4.9% over the past 5 years. Mesa, AZ is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,200 | 4.9% |
% Under 18 | 19.3% | -9.8% |
% Seniors | 27.7% | 6.1% |
% WFH | 19.6% | 127.9% |
% w/ College Degree | 33.2% | 15.3% |
As of the latest ACS Survey released in 2023, Mesa, AZ is a predominantly white area, with 72.2% 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 15.5% of the population. Foreign-born residents account for 9.2% of the population in Mesa, AZ, and this percentage has increased by 7.0% 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 | 72.2% | -5.0% |
% Black | 4.3% | 115.0% |
% Hispanic | 15.5% | -4.9% |
% Asian | 3.0% | 20.0% |
% Foreign Born | 9.2% | 7.0% |
Mortgage and Risk — Mesa, AZ
According to HUD data as of 2023, there were 207 mortgage originations in Mesa, AZ, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Mesa, AZ. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 207 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 0.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Mesa, AZ
As of 2024, the percent of homes in Mesa, AZ under the Section 8 program is 0.4%. 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. 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 | 24 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $440 | $1,470 | $1,910 |
| 2 Bedroom | $520 | $1,700 | $2,220 |
| 3 Bedroom | $840 | $2,150 | $2,990 |
| 4 Bedroom | $990 | $2,350 | $3,340 |
Affordability — Mesa, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $442,000 |
| Median Household Income | $80,500 |