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TerraVue / Markets / Mesa, AZ / 85207

85207 housing market — Mesa, AZ

Over the past 20 years, home prices in 85207 have risen 3.69% a year; over the past three, 2.57%. TerraVue's forward estimate, which weights both, is 3.24%. That is 0.79pp below the national average, which matters more the longer you hold.

Past 20 years3.69%actual, per year
Past 3 years2.57%stable
Forward est.3.24%-0.79pp vs national
Rent$2,205per month
5 year 9.91% 10 year 8.70% 20 year 3.69% Forward est. 3.24% NATIONAL 4.0%
Annualized appreciation over each look-back window, from FHFA repeat-sales data. “Forward est.” is the blended estimate TerraVue simulates with (60% long-run, 40% recent 3-year).

Momentum and volatility

ZIP 85207 is stable — recent years track its long-run pace closely (within 1.12pp).

Year-to-year swings have been large (11.7pp standard deviation) — the average hides some sharp individual years, and timing matters more here.

Neighborhood signals

Adults 25+ with a bachelor's degree or higher35.8%
Monthly rent — Zillow Observed Rent Index (all homes)$2,205
Median gross rent, 3-bedroom (ACS)$1,645
PFAS detected in drinking water (EPA UCMR5)Yes — 3 contaminants
FHFA data coverage41 years (1985–2025)

TerraVue's app adds school ratings, walkability, and what's nearby (grocery, dining, trails, water) for any address you look up.

Run it on an actual property

This page describes ZIP 85207. Whether buying beats renting depends on the price you'd pay, your down payment, and how long you'd stay — TerraVue simulates about 1,000 market scenarios on those inputs and returns the probability, not a single guessed number. It'll start with 85207's real appreciation and rent already loaded.

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How these numbers are calculated

Appreciation comes from the FHFA House Price Index — a repeat-sales index that tracks the same homes over time, which is why it isn't distorted by a change in the mix of what sold in a given year. TerraVue reads it at the ZIP level, back to 1975 where coverage allows.

The forward estimate blends 60% of the longest available look-back (20 years where available) with 40% of the most recent 3 years. Long-run history is the more reliable signal, but a market that has genuinely changed pace should not be ignored — the 60/40 split is the compromise, and it's the same figure TerraVue's simulation uses.

The national comparison is the population-weighted average of these same blended ZIP-level figures, so it compares like with like.

The FHFA index measures rates of change, not price levels. These pages therefore describe how fast prices have moved, never what a home costs — that number depends on the specific property, and it's the one input you supply when you run an analysis.

Common questions

Are home prices rising in 85207?

Over the past 20 years, prices have risen about 3.69% a year, based on 41 years of FHFA repeat-sales data (1985–2025). Over the most recent three years the pace has been 2.57%, which makes this market stable. TerraVue's forward estimate blends the two at 3.24%.

Is 85207 a good place to buy?

On appreciation alone it runs -0.79pp versus the national average. But whether buying beats renting there depends on the price of the specific home, your down payment, and how long you'd stay — TerraVue simulates that directly rather than inferring it from the average.

What is rent like in 85207?

Around $2,205 a month, from the Zillow Observed Rent Index (all homes).

Nearby ZIP codes in Mesa

8520485201852058520985212

← All Mesa ZIP codes and buy-vs-rent analysis