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Mesa real estate market overview
- Average Monthly Rent: $1,555
- Home Price/Value Percentage Change: 0.9%
- Median Home Value: $409,807
- Best Time To Sell a Home: May
- Affordability Index: 108
- Days To Sell a House: 74
- Job Market: Fair
- Public School Ranking: 48
Location and weather
Mesa is the third largest city in Arizona and is often described as the ultimate desert playground. This city is located in the southwest region of the United States and is part of Maricopa County. This city offers a variety of out-door recreation, as its surroundings include the Sonoran Desert and the Tonto National Forest. Hiking trails, waterways, and scenic views can be found all throughout this city, but Mesa also has a lively downtown and great food finds.
The weather in Mesa is warm year-round, and the winters are tolerable. Temperatures typically range anywhere from 40 to 100 degrees.
Population, job market and cost of living
Mesa has a population of 523,824, with a growth rate of 1.26% annually.
The job market has decreased by -1.97% over the last year. In ten years, job growth is predicted to be 47.05%. Key industries that fuel the economy in this city include healthcare, education, tourism, technology, aerospace and aviation. Some of the largest employers include Mitel, Mesa Public School, Empire Cat, Ideal Physical therapy and McDonnell Douglas Helicopter Systems.
Mesa is a slightly more expensive place to live in Arizona when compared to Arizona's average cost of living.
Mesa real estate market details
- Eastmark
- Parkwood Ranch
- Superstition Springs
- Sunland Village East
- Red Mountain Ranch
The average monthly rent in Mesa is $1,555 for an average apartment size of 828 sq. feet.
There has been a 0.9% increase in median home value over the last year. As of 2022, the median home value is $409,807.
On average, homes in Mesa sell after 74 days on the market.
The best time to sell a home for the most amount of money is May, and for the quickest amount of time is in November.
The affordability index in Mesa is 108. This number indicates increased affordability in this city.
The top ranked public schools are Franklin Junior High School, Franklin at Brimhall Elementary, Heritage Academy, Self Development Charter School, and Pathfinder Academy. This information is based on general educator statistics, school attendance, and the US Department of Education.