Mesa, AZ
Maricopa County · Pop. 518,012
Ranked #142 of 243 cities
36Crisis
Median Home Price
🏠$420K
3.8% YoY
Median Rent
🔑$1,500
3.0% YoY
Median Income
💰$60K
Rent Burden
📊32.5%
% of income to rent
Income to Buy
🏦$121K
annual income needed
Income to Rent
📝$60K
annual income needed
Price-to-Income
⚖️7.0x
Homeownership
🏡62.0%
Rent vs. Buy
Buy
$2,235/mo
Est. mortgage (7%, 20% down)
Need $121K/yr income
Rent
$1,500/mo
Median rent
Need $60K/yr income
How Mesa Compares
| Metric | Mesa | Arizona | National |
|---|---|---|---|
| Home Price | $420K | $411K | $410K |
| Rent | $1,500 | $1,608 | $1,500 |
| Income | $60K | $77K | $75K |
| Rent Burden | 32.5% | 34.1% | 30.0% |
Key Takeaways
- • Home prices in Mesa are 2% higher than the national average.
- • Rent is about average than the national average.
- • You need an income of $121K to comfortably buy a home here.
- • The homeownership rate is 62.0%, compared to 65.0% nationally.