Mesa Real Estate Market Overview
Average Monthly Rent:
$1,094
Percentage Change in Home Price/Value:
7.60%
Median Home Value:
$272,546
Best Time To Sell Home:
August
Affordability Index:
High
Days To Sell House:
52.42
Job Market:
Strong
Public School Ranking:
49
Location and Weather
Mesa is a suburb located about 20 miles east of Phoenix, in the East Valley section of the Phoenix Metropolitan Area. It is in south-central Arizona, next to the Gila River. Mesa is bordered by Tempe on the west and the Salt River Pima-Maricopa Indian Community on the north. With museums such as the Arizona Museum of Natural History, the Commemorative Air Force Museum, and the Mesa Arts Center, Mesa has an appealing arts and history culture. There are also many activities that take place at Riverview Park and the Usery Mountain Regional Park.
In Mesa, the summers are hot and dry, while the winters are cool and clear. The summer temperatures are in the high 90’s, with lows in the 80’s. Winter temperatures are in the high 60’s, with lows in the 40’s.
Population, Job Market and Cost of Living
Mesa’s population in 2019 was 479,318, with a growth rate of 9.0%. The job growth has increased by 3.30% over the last year and in ten years, is predicted to have increased by 47.05%.The major industries are in healthcare, social assistance, retail trade, accommodations and food services. The largest employers are Hyundai Engineering (HEC), Crescent Crown Distributing, Empire Cat, PCT International and NextCare Urgent Care. The cost of living is moderate, due to the Mesa real estate market and the price of available housing.
As the largest suburban city by population in the U.S., with high population growth, a warm climate, an arts and museum culture, and many opportunities for the outdoor enthusiast, Mesa will continue to attract those that want to live and work in this suburban community.
