The story of this market
The typical home in ZIP 85203 sells for about $439,100, or $235 per square foot.
Prices are roughly flat from a year ago (-0.2%), a market in balance. Homes take about 57 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 85203 — Mesa
The housing market in 85203 is currently experiencing a period of stabilization, with inventory levels rising and price growth moderating. While demand remains steady, buyers are increasingly price-sensitive, leading to a higher share of price reductions. Overall, the market is transitioning toward a more balanced environment for both buyers and sellers.
This ZIP code is well-suited for families and commuters looking for relatively affordable housing options within the Phoenix metro area, offering a balance of suburban amenities and accessibility.
Median prices moved down 0.2% year over year.
Homes spend a median of 57 days on market with 2.3 months of supply — a fast-moving market.
30% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 13.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 85203, Maricopa County AZ
Crime trends in the Mesa area are generally consistent with regional averages for a city of its size, though specific neighborhood variations exist within the 85203 ZIP code.
Schools serving the 85203 area are part of the Mesa Unified School District, which provides a range of educational options with varying performance ratings across the district.
The area faces typical desert climate risks, including extreme heat and occasional flash flooding, with standard property insurance coverage available for these hazards.
Mesa continues to see economic momentum driven by the expansion of the Phoenix-Mesa Gateway Airport area and ongoing redevelopment projects in the downtown corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arizona) — Senior Property Valuation Protection Option (Senior Freeze): Provides a 'freeze' on the valuation of the property for tax purposes, limiting the growth of the property tax burden for eligible seniors. State (Arizona) — Arizona Property Tax Assessment: The tax is calculated by applying an assessment ratio to the property's Limited Property Value (LPV). For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Arizona Property Tax Assessment: Property tax is calculated using the formula: (Full Cash Value or Limited Property Value) x Assessment Ratio = Net Assessed Value. The Net Assessed Value is then multiplied by the local tax rate. For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Delinquent Property Tax Lien Sale and 3-Year Redemption Foreclosure: The county treasurer sells a tax lien certificate via public auction to the investor bidding the lowest annual rate of interest (ranging from 16% down to 0% per annum under A.R.S. § 42-18114). State (Arizona) — Statutory Residential Homestead Exemption: Exempts up to $400,000 of equity in an owner-occupied primary dwelling from attachment, execution, and forced sale arising from unsecured civil judgment liens.
Residents in 85203 benefit from proximity to major highway corridors like US-60 and Loop 202, providing relatively efficient access to employment hubs in Tempe and downtown Phoenix.
The area features access to local parks, community centers, and proximity to the Mesa Arts Center and various shopping districts along the Main Street corridor.
The rental market in 85203 is characterized by steady demand, with a mix of single-family rentals and multi-family complexes serving a diverse tenant base.
The local economy is anchored by healthcare, education, and aerospace industries, with significant employment centers located throughout the Mesa and Phoenix metro area.
The area is served by the Valley Metro bus system and is within reach of the light rail extension, facilitating transit-oriented commuting.
Development pipeline includes several mixed-use projects aimed at increasing density and walkability in the downtown and surrounding corridors.
The Maricopa County Assessor's office manages property valuations, utilizing mass appraisal techniques to determine annual taxable values.
Parcels in this ZIP are subject to various special districts, including school, community college, and fire district levies.
Property insurance premiums in the region are influenced by wildfire and heat-related risk factors, with market conditions remaining competitive.
Arizona continues to experience positive net domestic migration, driven by job growth and lifestyle appeal.
Arizona is primarily a non-judicial foreclosure state, with a standard process for lenders to follow in the event of default.
Sellers in Arizona are required to provide a comprehensive disclosure statement regarding the condition of the property.
Data retrieved from Census Reporter and Data Commons for ZCTA 85203.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Great Wolf Lodge | Arizona4.28.4 mi
- Arizona Grand Resort & Spa4.310.8 mi
- Salt River Tubing4.713 mi
- Pecan Lake Entertainment4.218.2 mi
- Andretti Indoor Karting and Games Chandler4.311.4 mi
- Desert Botanical Garden4.88.2 mi
- Chase Field4.615.2 mi
- Mortgage Matchup Center4.615.5 mi
- Casino Arizona4.14.8 mi
- Phoenix Convention Center4.515.3 mi
- Desert Botanical Garden4.88.2 mi
- Phoenix Zoo4.58.3 mi
- Casino Arizona4.14.8 mi
- OdySea Aquarium4.58.7 mi
- Great Wolf Lodge | Arizona4.28.4 mi
- Desert Botanical Garden4.88.2 mi
- Hole in the Rock4.78.2 mi
- Musical Instrument Museum4.918.4 mi
- McCormick-Stillman Railroad Park4.89.4 mi
- Phoenix Art Museum4.715.6 mi
- Desert Botanical Garden4.88.2 mi
- Papago Park4.78.4 mi
- Hole in the Rock4.78.2 mi
- McCormick-Stillman Railroad Park4.89.4 mi
- Riparian Preserve at Water Ranch4.86.9 mi
- Arizona Grand Resort & Spa4.310.8 mi
- Topgolf Scottsdale4.57.8 mi
- Topgolf Gilbert4.59.4 mi
- We-Ko-Pa Golf Club4.611.7 mi
- Papago Golf Club4.39.1 mi
- Arizona Mills4.410.3 mi
- Scottsdale Fashion Square4.68.3 mi
- Chandler Fashion Center4.511.4 mi
- Tempe Marketplace4.65.7 mi
- Lee Lee International Supermarkets4.58.6 mi
- Phoenix Sky Harbor International Airport4.312 mi
- Mesa Gateway Airport4.412.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major cultural hub featuring theaters and galleries.
A central community park with recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.