Market Snapshot
- Median listing price
- $400K
- Median rent
- $1,614/mo
- Days on market
- 107 days
- Gross rental yield
- 4.84%
- STR vs LTR
- $754/mo STR · $1,614/mo LTR
The median listing price in Mesa, AZ ZIP 85206 is $400,000 as of July 2026.
The median market rent in Mesa, AZ ZIP 85206 is $1,614/month as of July 2026.
The median days on market in Mesa, AZ ZIP 85206 is 107 days as of July 2026. The market is currently cold.
At a median list price of $400,000 and a median rent of $1,614/month, the gross rental yield in Mesa, AZ ZIP 85206 is 4.84% as of July 2026.
In Mesa, AZ ZIP 85206, median Airbnb revenue is $754/month compared to median long-term rent of $1,614/month as of July 2026.
Mesa, AZ 85206 Real Estate Market Report
ZIP Code: 85206
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
Market Trends & Context
Understanding Market Temperature
A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Mesa, AZ are averaging 6.6%, reflecting a market environment where rates have risen from earlier 2026 lows of approximately 6.1%.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary market indicator, the median sold price 403,000, suggests current transaction values are modestly below asking expectations and supports pricing strategies that prioritize realistic comps and seller concessions rather than aggressive list increases.
- The median days on market 107 points to slower sales velocity and may indicate the need for extended marketing windows, staged price reductions, or targeted buyer incentives to improve liquidity in this market.
- The median price per square foot 246 frames local unit-level valuation and suggests price sensitivity at the SKU level; price-per-foot alignment with comps should be emphasized in pricing to minimize time on market.
- With 30-year fixed mortgage rates averaging 6.6% and elevated interest rate pressure alongside a cold market temperature and down price year-over-year trend, prioritize buyer affordability moves (rate buydowns, flexible terms) and monitor rent declines when assessing hold vs. sell timing.
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
Sold above 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.
Sold below market average
Sold below market average
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, 0.4% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/12/2026
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