Mesa, AZ—85212
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 $558,000, 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 | $558,000 | -2.5% |
| Single Family | $559,000 | -2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $519,000 | -2.8% |
3 Bed | $487,000 | -3.0% |
4 Bed | $571,000 | -2.4% |
| 5 Bed | $674,000 | -1.6% |
% of Housing Stock
Rental Trends — Mesa, AZ
As of July '25, Rentcast reports the average rent in Mesa, AZ is $2,640, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Mesa, AZ is studios: $1,330, 1-bedrooms: $1,510, 2-bedrooms: $2,050, 3-bedrooms: $2,420, 4-bedrooms: $3,000. The most common rental property sizes in Mesa, AZ are 3-bedroom and 4-bedroom, accounting for 39.0% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,640 |
| Studio Rent | $1,220 | $1,330 |
| 1 Bed Rent | $1,520 | $1,510 |
| 2 Bed Rent | $2,000 | $2,050 |
| 3 Bed Rent | $2,340 | $2,420 |
| 4 Bed Rent | $2,700 | $3,000 |
% 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 55. 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $595,000 | 0.0% |
Listing Count | 345 | 2.0% |
| Listings as % of Homes | 2.0% | 2.0% |
Days on Market | 55 | 10.0% |
Demographics — Mesa, AZ
As of the latest ACS Survey released in 2023, Mesa, AZ has a population of 50,400, which has increased by 49.5% over the past 5 years. Mesa, AZ is a popular place for families, as children make up 29.1% of the population. The area has a moderately educated workforce, with 42.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,400 | 49.5% |
% Under 18 | 29.1% | -5.5% |
% Seniors | 10.7% | 23.0% |
% WFH | 25.8% | 196.6% |
% w/ College Degree | 42.0% | 17.0% |
As of the latest ACS Survey released in 2023, Mesa, AZ is a predominantly white area, with 65.8% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Mesa, AZ is hispanic, making up 18.0% of the population. Foreign-born residents account for 7.4% of the population in Mesa, AZ, and this percentage has increased by 27.6% 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 | 65.8% | -9.4% |
% Black | 4.5% | 73.1% |
% Hispanic | 18.0% | 2.9% |
% Asian | 3.8% | -2.6% |
% Foreign Born | 7.4% | 27.6% |
Mortgage and Risk — Mesa, AZ
According to HUD data as of 2023, there were 611 mortgage originations in Mesa, AZ, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 30.0% 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. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 611 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Mesa, AZ
As of 2024, the percent of homes in Mesa, AZ under the Section 8 program is 2.6%. 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 | 71 |
Total Units Section 8 | 71 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $680 | $1,520 | $2,200 |
| 2 Bedroom | $550 | $2,000 | $2,550 |
| 3 Bedroom | $1,090 | $2,340 | $3,430 |
| 4 Bedroom | $1,140 | $2,700 | $3,840 |
Affordability — Mesa, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $558,000 |
| Median Household Income | $123,000 |