Mesa, AZ—85202
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 $391,000, with a year-over-year change of -5.1%. 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 | $391,000 | -5.1% |
| Single Family | $430,000 | -4.9% |
| Condos | $230,000 | -3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $248,000 | -8.8% |
3 Bed | $420,000 | -4.8% |
4 Bed | $523,000 | -3.7% |
| 5 Bed | $612,000 | -2.4% |
% of Housing Stock
Rental Trends — Mesa, AZ
As of July '25, Rentcast reports the average rent in Mesa, AZ is $1,770, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Mesa, AZ is studios: $1,080, 1-bedrooms: $1,190, 2-bedrooms: $1,660, 3-bedrooms: $2,250, 4-bedrooms: $3,020. The most common rental property sizes in Mesa, AZ are 2-bedroom and 1-bedroom, accounting for 45.0% and 32.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,590 | $1,770 |
| Studio Rent | $995 | $1,080 |
| 1 Bed Rent | $1,100 | $1,190 |
| 2 Bed Rent | $1,580 | $1,660 |
| 3 Bed Rent | $2,190 | $2,250 |
| 4 Bed Rent | $3,100 | $3,020 |
% 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 49. This is a increase of 2.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $378,000 | 3.0% |
Listing Count | 109 | 6.0% |
| Listings as % of Homes | 0.4% | 6.0% |
Days on Market | 49 | 2.0% |
Demographics — Mesa, AZ
As of the latest ACS Survey released in 2023, Mesa, AZ has a population of 39,300, which has remained stable by 0.1% over the past 5 years. Mesa, AZ is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 34.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,300 | 0.1% |
% Under 18 | 22.4% | 2.8% |
% Seniors | 11.6% | 8.4% |
% WFH | 17.7% | 405.7% |
% w/ College Degree | 34.1% | 12.9% |
As of the latest ACS Survey released in 2023, Mesa, AZ is a predominantly white area, with 51.4% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Mesa, AZ is hispanic, making up 32.4% of the population. Foreign-born residents account for 11.1% of the population in Mesa, AZ, and this percentage has decreased by 15.3% 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 | 51.4% | -3.9% |
% Black | 6.9% | 43.8% |
% Hispanic | 32.4% | 6.9% |
% Asian | 2.5% | -21.9% |
% Foreign Born | 11.1% | -15.3% |
Mortgage and Risk — Mesa, AZ
According to HUD data as of 2023, there were 336 mortgage originations in Mesa, AZ, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Mesa, AZ. Investor activity is low, as 3.0% 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 | 336 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 3.0% |
% 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 1.9%. 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 | 170 |
Total Units Section 8 | 162 |
% Rentals under Section 8 | 1.9% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $1,100 | $1,660 |
| 2 Bedroom | $350 | $1,580 | $1,930 |
| 3 Bedroom | $410 | $2,190 | $2,600 |
| 4 Bedroom | -$200 | $3,100 | $2,900 |
Affordability — Mesa, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $391,000 |
| Median Household Income | $66,600 |