Mesa, AZ—85213
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 $546,000, with a year-over-year change of -2.2%. 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 | $546,000 | -2.2% |
| Single Family | $552,000 | -2.3% |
| Condos | $251,000 | -2.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $263,000 | -5.1% |
3 Bed | $446,000 | -3.5% |
4 Bed | $611,000 | -1.9% |
| 5 Bed | $873,000 | -0.8% |
% of Housing Stock
Rental Trends — Mesa, AZ
As of July '25, Rentcast reports the average rent in Mesa, AZ is $2,350, with a year-over-year rent change of 4.4%. Per bedroom, the median rent as of July '25 in Mesa, AZ is 1-bedrooms: $1,330, 2-bedrooms: $1,370, 3-bedrooms: $2,150, 4-bedrooms: $3,430. The most common rental property sizes in Mesa, AZ are 2-bedroom and 3-bedroom, accounting for 35.9% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,240 | $1,330 |
| 2 Bed Rent | $1,280 | $1,370 |
| 3 Bed Rent | $2,100 | $2,150 |
| 4 Bed Rent | $3,000 | $3,430 |
% 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 51. This is a increase of 13.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $594,000 | 7.0% |
Listing Count | 136 | 77.0% |
| Listings as % of Homes | 0.5% | 77.0% |
Days on Market | 51 | 13.0% |
Demographics — Mesa, AZ
As of the latest ACS Survey released in 2023, Mesa, AZ has a population of 37,300, which has increased by 1.1% over the past 5 years. Mesa, AZ is a popular place for families, as children make up 25.4% of the population. The area has a moderately educated workforce, with 39.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 37,300 | 1.1% |
% Under 18 | 25.4% | 0.8% |
% Seniors | 18.8% | 2.7% |
% WFH | 18.3% | 210.2% |
% w/ College Degree | 39.0% | 18.2% |
As of the latest ACS Survey released in 2023, Mesa, AZ is a predominantly white area, with 74.1% of the population identifying as white. The white population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Mesa, AZ is hispanic, making up 15.6% of the population. Foreign-born residents account for 5.7% of the population in Mesa, AZ, and this percentage has decreased by 27.8% 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 | 74.1% | 0.5% |
% Black | 2.6% | -31.6% |
% Hispanic | 15.6% | -3.7% |
% Asian | 1.7% | -19.0% |
% Foreign Born | 5.7% | -27.8% |
Mortgage and Risk — Mesa, AZ
According to HUD data as of 2023, there were 567 mortgage originations in Mesa, AZ, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Mesa, AZ. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 567 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Mesa, AZ
As of 2024, the percent of homes in Mesa, AZ under the Section 8 program is 2.4%. 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 | 81 |
Total Units Section 8 | 81 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $460 | $1,240 | $1,700 |
| 2 Bedroom | $700 | $1,280 | $1,980 |
| 3 Bedroom | $560 | $2,100 | $2,660 |
| 4 Bedroom | -$20 | $3,000 | $2,980 |
Affordability — Mesa, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $546,000 |
| Median Household Income | $101,000 |