Home Buying & Selling in Mesa, AZ in 2022

Imagine living in Mesa, AZ in 2022. New homes, retail centers, and restaurants are regularly opening their doors to the public. Home buying is steadily on the rise, while home sales are starting to accelerate. According to forecasts by real estate experts, the housing industry will expand at a healthy clip over the next decade with housing starts expected to increase anytime throughout 2018-2022 due to stronger regional economies and increased consumer confidence in Southern California’s job market.   

The national economy will continue its expansion in 2019 as lower unemployment rates in most markets will likely prompt an increase in household formations. These factors suggest that local home values should appreciate at a higher rate than during 2016–2018 when they rose just 3 percent each year.

The midpoint price for a newly built, single-family home in Mesa, AZ in 2022 is estimated to be $363,900 which is significantly higher than the median market value of rental homes in Mesa, AZ. The midpoint rent for a new apartment or condo will be $1,465 per month with the average rent appreciation being 2% annually through 2022.

The median list price in Mesa, AZ on July 1, 2018, is $389,900 with the median size of homes for sale today being 2,193 square feet. 

The household income needed to buy a house in Mesa, AZ is $100,500 with monthly housing costs including principal and interest payment plus taxes and insurance estimated at $2,074. Homebuyers can expect to put down an average of 15% or around $57k for closing costs when purchasing a home. 

Mesa Public Schools serve 86 percent of students within the city limits. According to Great Schools .org, Arizona public schools rank 50th nationally (based on national percentile rankings). This means 76% of schools in Mesa are ranked below average nationally.

Mesa is one of the top 100 largest cities in America with 467,468 people. The population density is 3,621 people per square mile (average).

The median age for Mesa residents is 33.3 years compared to 36.8 statewide and 37.2 nationwide.

The overall crime rate for Mesa is 69% higher than Arizona’s average crime rate at 6,278 crimes per 100k residents.

Out of the 87 police officers employed by the city, 25 are assigned to patrol duty, 23 are detectives, 9 sergeants, 5 lieutenants, 1 captain, 1 assistant chief, 2 commanders, and 1 chief. 

living within 30 min drive of downtown Mesa is approximately 6,131 people.

The average home rental cost for Mesa, AZ in June 2018 is $1,390 per month with the median lease price being $542 per month or $2.25 per square foot. 

The unemployment rate in Mesa in May 2018 was 4% which is 1% higher than Arizona’s current unemployment rate at 3%. 

Mesa City Police Department shut down a major meth lab last year shuttering production of the illegal drug responsible for more fatal overdoses than any other in Maricopa County. 

The city of Mesa has recently made great strides when it comes to environmental policy and plans to reduce carbon emissions by 10 percent over the next three years with the ultimate goal of being completely carbon neutral by 2050.

Located just 15 minutes from downtown Phoenix, Mesa is growing rapidly and is one of the most popular places to buy a home in Arizona.

The United States Census Bureau estimates that the population of Mesa (zip 85212), which is located in Maricopa County, currently stands at 467,468 people. Since 2000, this number has grown 30% making it about three times as large as it was back then. The city’s total area is 109.1 square miles with density standing at 3,621 people per square mile (average). As of the 2010 census, there were 201,560 housing units recorded within the city limits with estimated values averaging $122,100.

Mesa is one of the top 100 largest cities in America with 467,468 people. The population density is 3,621 people per square mile (average).

Schedule an appointment at (623) 400-8666.


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