Mesquite, TX—75149
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mesquite, TX
As of Nov '25, the median home price in Mesquite, TX is $234,000, with a year-over-year change of -6.6%. This indicates that home prices in Mesquite, TX 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 | $234,000 | -6.6% |
| Single Family | $234,000 | -6.4% |
| Condos | $138,000 | 5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $175,000 | -7.9% |
3 Bed | $231,000 | -6.5% |
4 Bed | $283,000 | -5.0% |
| 5 Bed | $344,456 | -5.4% |
% of Housing Stock
Rental Trends — Mesquite, TX
As of July '25, Rentcast reports the average rent in Mesquite, TX is $2,030, with a year-over-year rent change of 10.3%. Per bedroom, the median rent as of July '25 in Mesquite, TX is 1-bedrooms: $1,140, 2-bedrooms: $1,550, 3-bedrooms: $1,990, 4-bedrooms: $2,270. The most common rental property sizes in Mesquite, TX are 3-bedroom and 2-bedroom, accounting for 44.1% and 28.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,160 | $1,140 |
| 2 Bed Rent | $1,580 | $1,550 |
| 3 Bed Rent | $1,950 | $1,990 |
| 4 Bed Rent | $2,250 | $2,270 |
% of Rental Stock
Property Listings — Mesquite, TX
As of Nov '25, Realtor.com reports that the median days on market for a home in Mesquite, TX is 58. This is a increase of 9.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $265,000 | -4.0% |
Listing Count | 223 | 20.0% |
| Listings as % of Homes | 0.7% | 20.0% |
Days on Market | 58 | 9.0% |
Demographics — Mesquite, TX
As of the latest ACS Survey released in 2023, Mesquite, TX has a population of 58,800, which has increased by 7.0% over the past 5 years. Mesquite, TX is a popular place for families, as children make up 26.5% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,800 | 7.0% |
% Under 18 | 26.5% | -13.4% |
% Seniors | 11.2% | 15.5% |
% WFH | 6.9% | 187.5% |
% w/ College Degree | 14.6% | 4.3% |
As of the latest ACS Survey released in 2023, Mesquite, TX is a predominantly hispanic area, with 49.1% of the population identifying as hispanic. The hispanic population has grown by 15.3% in the last 5 years. The second most common race or ethnicity in Mesquite, TX is white, making up 25.4% of the population. Foreign-born residents account for 22.1% of the population in Mesquite, TX, and this percentage has increased by 17.6% 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 | 25.4% | -13.9% |
% Black | 21.1% | -11.7% |
% Hispanic | 49.1% | 15.3% |
% Asian | 2.1% | 0.0% |
% Foreign Born | 22.1% | 17.6% |
Mortgage and Risk — Mesquite, TX
According to HUD data as of 2023, there were 771 mortgage originations in Mesquite, TX, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Mesquite, TX. Investor activity is low, as 5.0% 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 | 771 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Rentals and Section 8 — Mesquite, TX
As of 2024, the percent of homes in Mesquite, TX under the Section 8 program is 11.5%. 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 Mesquite, TX, 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 | 653 |
Total Units Section 8 | 653 |
% Rentals under Section 8 | 11.5% |
% Occupied Section 8 | 82.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $310 | $1,160 | $1,470 |
| 2 Bedroom | $150 | $1,580 | $1,730 |
| 3 Bedroom | $220 | $1,950 | $2,170 |
| 4 Bedroom | $530 | $2,250 | $2,780 |
Affordability — Mesquite, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $234,000 |
| Median Household Income | $70,600 |