Mesa, AZ Housing Market: Home Prices & Rent
Mesa home values since 2000
Last few years
Rent in Mesa
Owning vs renting, monthly
Buying the typical Mesa home with 20% down at this week's 7.32% 30-year rate costs about $2,893/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,532/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
What changed this month
- Mesa, AZ homes are worth 9% less than at the 2022 peak
- Mesa, AZ home values have fallen 6 months in a row
Mesa vs the Phoenix metro, Arizona and the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| Mesa, AZ | $429k | -0.7% | $1,532/mo |
| Phoenix metro | $441k | -1.1% | $1,720/mo |
| Arizona | $417k | -1.0% | - |
| United States | $366k | +1.2% | $1,932/mo |
Get Mesa, AZ's housing report every month
Home prices, rent and what changed - one short email when the new data comes out. Free, unsubscribe any time.
Common questions
Are home prices falling in Mesa, AZ?
Yes - the typical Mesa home value is down 0.7% over the past 12 months, at $429k (September 2026). Values are 9% below their July 2022 peak of $474k.
Is the Mesa housing market crashing?
Home values are 9% below their July 2022 peak and down 0.7% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Mesa, AZ?
Typical rent in Mesa is $1,532 a month (September 2026), -0.2% over 12 months.
Is Mesa more expensive than the rest of the Phoenix area?
The typical Mesa home ($429k) is 3% below the Phoenix metro typical of $441k (September 2026).
More of the Phoenix area
Phoenix metro housing market · Chandler · Gilbert · Scottsdale · Tempe
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index for the city of Mesa, September 2026; days to contract for the metro area). 30-year mortgage rate: Freddie Mac PMMS. How we calculate.