Market Snapshot
- Median listing price
- $467K
- Median rent
- $1,288/mo
- Days on market
- 55 days
- Gross rental yield
- 3.31%
- STR vs LTR
- $757/mo STR · $1,288/mo LTR
The median listing price in Mesa, AZ ZIP 85203 is $467,000 as of July 2026.
The median market rent in Mesa, AZ ZIP 85203 is $1,288/month as of July 2026.
The median days on market in Mesa, AZ ZIP 85203 is 55 days as of July 2026. The market is currently neutral.
At a median list price of $467,000 and a median rent of $1,288/month, the gross rental yield in Mesa, AZ ZIP 85203 is 3.31% as of July 2026.
In Mesa, AZ ZIP 85203, median Airbnb revenue is $757/month compared to median long-term rent of $1,288/month as of July 2026.
Mesa, AZ 85203 Real Estate Market Report
ZIP Code: 85203
Report Date: July 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates for properties in Mesa AZ 85203 are averaging 6.88%, reflecting a high-rate environment compared to earlier 2026 market benchmarks.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market value indicator is the median sold price of 520,000, which reflects recent completed transactions and positions current market value above asking benchmarks in the sample, suggesting pricing pressure from closed deals rather than list-side expectations.
- Despite a higher median listing price of 467,000, transaction activity shows a pricing gap that may indicate seller expectations exceeding realized sale outcomes; this pricing friction appears in a market that is otherwise stable on headline trends.
- Liquidity is muted with a median days on market of 55, which signals slower sales velocity compared with frenzied conditions and may indicate buyers are pacing decisions under elevated financing costs.
- Broader market context shows price year-over-year trend is flat and market temperature is neutral, while interest rate pressure is elevated (current 30-year fixed ~6.88%), a combination that suggests a balanced market where affordability constraints, not lack of demand, are tempering transaction volume.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold at market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Below-market acquisition. Investor purchase with value-add potential through renovation.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.58% rate, 0.3% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/24/2026
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