Mesquite, NV—89027
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Mesquite, NV
Home Price Trends — Mesquite, NV
As of Oct '25, the median home price in Mesquite, NV is $354,000, with a year-over-year change of 0.1%. This indicates that home prices in Mesquite, NV are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $354,000 | 0.1% |
| Single Family | $386,000 | 0.3% |
| Condos | $193,000 | -6.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $282,000 | -1.4% |
3 Bed | $393,000 | 0.0% |
4 Bed | $487,000 | 1.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mesquite, NV
As of July '25, Rentcast reports the average rent in Mesquite, NV is $1,470, with a year-over-year rent change of 8.1%. Per bedroom, the median rent as of July '25 in Mesquite, NV is studios: $969, 1-bedrooms: $950, 2-bedrooms: $1,430, 3-bedrooms: $1,910, 4-bedrooms: $2,700. The most common rental property sizes in Mesquite, NV are 2-bedroom and 3-bedroom, accounting for 65.0% and 23.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,350 | $1,470 |
| Studio Rent | $850 | $969 |
| 1 Bed Rent | $950 | $950 |
| 2 Bed Rent | $1,350 | $1,430 |
| 3 Bed Rent | $1,900 | $1,910 |
| 4 Bed Rent | $2,700 | $2,700 |
% of Rental Stock
Property Listings — Mesquite, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Mesquite, NV is 65. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | -4.0% |
Listing Count | 261 | 27.0% |
| Listings as % of Homes | 1.8% | 27.0% |
Days on Market | 65 | -7.0% |
Demographics — Mesquite, NV
As of the latest ACS Survey released in 2023, Mesquite, NV has a population of 18,400, which has increased by 2.8% over the past 5 years. Mesquite, NV is a moderately popular place for families, as children make up 15.4% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,400 | 2.8% |
% Under 18 | 15.4% | -5.5% |
% Seniors | 39.9% | -2.0% |
% WFH | 4.8% | -31.4% |
% w/ College Degree | 21.7% | -8.4% |
As of the latest ACS Survey released in 2023, Mesquite, NV is a predominantly white area, with 68.1% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in Mesquite, NV is hispanic, making up 26.6% of the population. Foreign-born residents account for 14.5% of the population in Mesquite, NV, and this percentage has increased by 39.4% 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 | 68.1% | -7.1% |
% Black | 0.6% | -33.3% |
% Hispanic | 26.6% | 27.3% |
% Asian | 1.7% | -37.0% |
% Foreign Born | 14.5% | 39.4% |
Mortgage and Risk — Mesquite, NV
According to HUD data as of 2023, there were 486 mortgage originations in Mesquite, NV, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Mesquite, NV. Investor activity is low, as 3.0% 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 | 486 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 3.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Mesquite, NV
As of 2024, the percent of homes in Mesquite, NV 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Mesquite, NV, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $950 | $1,240 |
| 2 Bedroom | $130 | $1,350 | $1,480 |
| 3 Bedroom | $190 | $1,900 | $2,090 |
| 4 Bedroom | -$240 | $2,700 | $2,460 |
Affordability — Mesquite, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $354,000 |
| Median Household Income | $71,200 |