Market Snapshot
- Median listing price
- $467K
- Median rent
- $1,895/mo
- Days on market
- 61 days
- Gross rental yield
- 4.87%
- STR vs LTR
- $1,346/mo STR · $1,895/mo LTR
The median listing price in Mesa, AZ ZIP 85209 is $467,000 as of August 2026.
The median market rent in Mesa, AZ ZIP 85209 is $1,895/month as of August 2026.
The median days on market in Mesa, AZ ZIP 85209 is 61 days as of August 2026. The market is currently neutral.
At a median list price of $467,000 and a median rent of $1,895/month, the gross rental yield in Mesa, AZ ZIP 85209 is 4.87% as of August 2026.
In Mesa, AZ ZIP 85209, median Airbnb revenue is $1,346/month compared to median long-term rent of $1,895/month as of August 2026.
Mesa, AZ 85209 Real Estate Market Report
ZIP Code: 85209
Report Date: August 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 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 in Mesa, AZ, are approximately 6.66% compared to the 5.98% market low observed in February 2026.
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, median sold price 461,000, indicates recent transaction-level value for the area and suggests pricing stability when viewed alongside listing expectations; representative recent sale data should guide offer strategy.
- The gap between median listing price 467,000 and the median sold price appears modest and may indicate sellers are adjusting expectations through price reductions or concessions to reach closed deals, so buyers should probe for concessions rather than assuming steep discounts.
- Market velocity shows a median days on market 61, which signals slower sales velocity and suggests longer listing exposure—pricing friction may exist, so sellers should consider staged pricing or targeted incentives to maintain momentum.
- Macro and demand signals are mixed: price YoY trend is flat, rent YoY trend is down, and interest rate pressure is elevated, which together suggest a neutral market temperature where affordability headwinds could constrain buyer activity; elevated interest rate pressure should be factored into financing-sensitive pricing and hold/flip timelines.
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.
Below-market acquisition. Investor purchase with value-add potential through renovation.
Sold below 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.
Quick sale indicating strong buyer demand and competitive market conditions.
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, 6.66% 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: 8/28/2026
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