Mesa, AZ—85215
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 $498,000, with a year-over-year change of -2.6%. 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 | $498,000 | -2.6% |
| Single Family | $504,000 | -2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $373,000 | -4.4% |
3 Bed | $498,000 | -2.7% |
4 Bed | $615,000 | -2.4% |
| 5 Bed | $1,001,000 | 1.4% |
% of Housing Stock
Rental Trends — Mesa, AZ
As of July '25, Rentcast reports the average rent in Mesa, AZ is $2,980, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Mesa, AZ is 1-bedrooms: $1,440, 2-bedrooms: $2,300, 3-bedrooms: $3,500, 4-bedrooms: $2,600. The most common rental property sizes in Mesa, AZ are 3-bedroom and 2-bedroom, accounting for 35.3% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,320 | $2,980 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,480 | $1,440 |
| 2 Bed Rent | $1,900 | $2,300 |
| 3 Bed Rent | $2,500 | $3,500 |
| 4 Bed Rent | $2,500 | $2,600 |
% 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 52. This is a increase of 34.0% 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 | $535,000 | -1.0% |
Listing Count | 113 | 1.0% |
| Listings as % of Homes | 0.9% | 1.0% |
Days on Market | 52 | 34.0% |
Demographics — Mesa, AZ
As of the latest ACS Survey released in 2023, Mesa, AZ has a population of 16,600, which has decreased by -1.9% over the past 5 years. Mesa, AZ is a moderately popular place for families, as children make up 15.2% of the population. The area has a moderately educated workforce, with 35.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,600 | -1.9% |
% Under 18 | 15.2% | 1.3% |
% Seniors | 34.0% | 2.7% |
% WFH | 21.8% | 91.2% |
% w/ College Degree | 35.9% | 16.2% |
As of the latest ACS Survey released in 2023, Mesa, AZ is a predominantly white area, with 78.6% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Mesa, AZ is hispanic, making up 14.1% of the population. Foreign-born residents account for 6.6% of the population in Mesa, AZ, and this percentage has decreased by 4.3% 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 | 78.6% | -8.0% |
% Black | 0.6% | -62.5% |
% Hispanic | 14.1% | 45.4% |
% Asian | 3.2% | 190.9% |
% Foreign Born | 6.6% | -4.3% |
Mortgage and Risk — Mesa, AZ
According to HUD data as of 2023, there were 424 mortgage originations in Mesa, AZ, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 424 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Mesa, AZ
As of 2024, the percent of homes in Mesa, AZ under the Section 8 program is 0.5%. 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 | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $510 | $1,480 | $1,990 |
| 2 Bedroom | $410 | $1,900 | $2,310 |
| 3 Bedroom | $610 | $2,500 | $3,110 |
| 4 Bedroom | $980 | $2,500 | $3,480 |
Affordability — Mesa, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $498,000 |
| Median Household Income | $90,300 |