Mesa, AZ—85204
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 $389,000, with a year-over-year change of -3.8%. 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 | $389,000 | -3.8% |
| Single Family | $391,000 | -3.9% |
| Condos | $237,000 | -1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $320,000 | -4.2% |
3 Bed | $390,000 | -3.5% |
4 Bed | $438,000 | -3.7% |
| 5 Bed | $559,000 | -2.6% |
% of Housing Stock
Rental Trends — Mesa, AZ
As of July '25, Rentcast reports the average rent in Mesa, AZ is $1,730, with a year-over-year rent change of -2.8%. Per bedroom, the median rent as of July '25 in Mesa, AZ is studios: $1,050, 1-bedrooms: $1,120, 2-bedrooms: $1,460, 3-bedrooms: $2,220, 4-bedrooms: $2,280. The most common rental property sizes in Mesa, AZ are 2-bedroom and 3-bedroom, accounting for 42.9% and 23.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,730 |
| Studio Rent | $980 | $1,050 |
| 1 Bed Rent | $1,150 | $1,120 |
| 2 Bed Rent | $1,380 | $1,460 |
| 3 Bed Rent | $2,150 | $2,220 |
| 4 Bed Rent | $2,350 | $2,280 |
% 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 33.0% 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 | $415,000 | -4.0% |
Listing Count | 97 | 20.0% |
| Listings as % of Homes | 0.3% | 20.0% |
Days on Market | 51 | 33.0% |
Demographics — Mesa, AZ
As of the latest ACS Survey released in 2023, Mesa, AZ has a population of 65,000, which has decreased by -6.1% over the past 5 years. Mesa, AZ is a popular place for families, as children make up 26.0% of the population. The area has a poorly educated workforce, with 19.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 65,000 | -6.1% |
% Under 18 | 26.0% | -6.1% |
% Seniors | 11.5% | 15.0% |
% WFH | 11.9% | 197.5% |
% w/ College Degree | 19.6% | 10.7% |
As of the latest ACS Survey released in 2023, Mesa, AZ is a predominantly white area, with 49.6% of the population identifying as white. The white population has grown by 11.5% in the last 5 years. The second most common race or ethnicity in Mesa, AZ is hispanic, making up 40.9% of the population. Foreign-born residents account for 17.4% of the population in Mesa, AZ, and this percentage has decreased by 3.9% 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 | 49.6% | 11.5% |
% Black | 3.9% | 77.3% |
% Hispanic | 40.9% | -12.8% |
% Asian | 1.3% | -27.8% |
% Foreign Born | 17.4% | -3.9% |
Mortgage and Risk — Mesa, AZ
According to HUD data as of 2023, there were 675 mortgage originations in Mesa, AZ, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 34.0% 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 | 675 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% 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 2.3%. 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 | 245 |
Total Units Section 8 | 228 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 92.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $1,150 | $1,530 |
| 2 Bedroom | $400 | $1,380 | $1,780 |
| 3 Bedroom | $240 | $2,150 | $2,390 |
| 4 Bedroom | $330 | $2,350 | $2,680 |
Affordability — Mesa, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $389,000 |
| Median Household Income | $69,500 |