Mesa, AZ—85210
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 $359,000, with a year-over-year change of -5.0%. This indicates that home prices in Mesa, AZ are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $359,000 | -5.0% |
| Single Family | $395,000 | -5.3% |
| Condos | $222,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $178,000 | -9.2% |
2 Bed | $238,000 | -7.8% |
3 Bed | $397,000 | -4.8% |
4 Bed | $477,000 | -4.2% |
| 5 Bed | $536,000 | -3.9% |
% of Housing Stock
Rental Trends — Mesa, AZ
As of July '25, Rentcast reports the average rent in Mesa, AZ is $1,690, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Mesa, AZ is studios: $1,140, 1-bedrooms: $1,160, 2-bedrooms: $1,520, 3-bedrooms: $2,110, 4-bedrooms: $2,860. The most common rental property sizes in Mesa, AZ are 2-bedroom and 1-bedroom, accounting for 46.7% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,690 |
| Studio Rent | $1,060 | $1,140 |
| 1 Bed Rent | $1,180 | $1,160 |
| 2 Bed Rent | $1,450 | $1,520 |
| 3 Bed Rent | $2,100 | $2,110 |
| 4 Bed Rent | $2,900 | $2,860 |
% 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 77. This is a increase of 65.0% 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 49.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $351,000 | 1.0% |
Listing Count | 78 | 44.0% |
| Listings as % of Homes | 0.4% | 44.0% |
Days on Market | 77 | 65.0% |
Demographics — Mesa, AZ
As of the latest ACS Survey released in 2023, Mesa, AZ has a population of 39,900, which has decreased by -2.4% over the past 5 years. Mesa, AZ is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 24.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,900 | -2.4% |
% Under 18 | 25.1% | -7.7% |
% Seniors | 9.2% | 16.5% |
% WFH | 11.7% | 207.9% |
% w/ College Degree | 24.8% | 37.0% |
As of the latest ACS Survey released in 2023, Mesa, AZ is a predominantly hispanic area, with 43.9% of the population identifying as hispanic. The hispanic population has shrunk by 11.0% in the last 5 years. The second most common race or ethnicity in Mesa, AZ is white, making up 37.8% of the population. Foreign-born residents account for 18.3% of the population in Mesa, AZ, and this percentage has decreased by 7.6% 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 | 37.8% | 1.9% |
% Black | 9.7% | 32.9% |
% Hispanic | 43.9% | -11.0% |
% Asian | 2.2% | 29.4% |
% Foreign Born | 18.3% | -7.6% |
Mortgage and Risk — Mesa, AZ
According to HUD data as of 2023, there were 396 mortgage originations in Mesa, AZ, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Mesa, AZ. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 396 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Mesa, AZ
As of 2024, the percent of homes in Mesa, AZ under the Section 8 program is 4.2%. 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 | 341 |
Total Units Section 8 | 340 |
% Rentals under Section 8 | 4.2% |
% Occupied Section 8 | 92.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $1,180 | $1,560 |
| 2 Bedroom | $360 | $1,450 | $1,810 |
| 3 Bedroom | $340 | $2,100 | $2,440 |
| 4 Bedroom | -$180 | $2,900 | $2,720 |
Affordability — Mesa, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $359,000 |
| Median Household Income | $59,700 |