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Mesa real estate market overview
- Average Monthly Rent: $1,519
- Home Price/Value Percentage Change: -1.00%
- Median Home Value: $413,773
- Best Time To Sell a Home: May
- Affordability Index: Moderate
- Days To Sell a House: 63
- 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's population in 2023 is 523,824, with a growth rate of 1.26% annually.
The job growth has decreased by -1.97% 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 biggest employers are Ideal Physical Therapy, Mesa Public School, McDonnell Douglas Helicopter systems, Mitel and Empire Cat.
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 US, 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.
Mesa real estate market details
- Sendas
- The Groves
- Golden Hills
- Dobson Ranch
The average monthly rent in Mesa is $1,519 for an average apartment size of 828 sq. feet.
There has been a -1.0% decrease in median home value over the last year. As of 2023, the median home value is $413,773.
On average, homes in Mesa sell after 63 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 moderate 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.