Condo Foreclosures in Mesa, AZ 85205

Current Market Conditions in Mesa, AZ

Mesa's real estate market has been experiencing steady growth over the last few years, making it a hotspot for investors. The area has seen a rise in home values due to increased demand and limited inventory. With continued job growth in industries like technology and healthcare, the demand for housing is expected to remain strong in the coming years.

Recently, Mesa's market dynamics have shifted, leading to more competitive offers on homes. Buyers are increasingly attracted to the region given its affordability compared to neighboring Phoenix, prompting a sustained increase in home prices.

Rent Prices In Mesa, AZ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mesa, AZ, is on a rollercoaster ride. The average rent price in Mesa, AZ, is $1,416.00. Indeed, when looking to rent in Mesa, AZ, you can expect to pay as little as $460.00 or as much as $5,160.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Mesa, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.