The story of this market
The typical home in ZIP 85204 sells for about $368,000, or $271 per square foot.
Prices are down 3.2% from a year ago, which gives buyers more room to negotiate. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,400 a month.
ZIP 85204 — Mesa
The 85204 housing market is currently experiencing a period of price stabilization following recent national trends. With a median home price of $368,000 and a moderate supply of inventory, the market remains competitive but balanced. Buyers are seeing slightly longer days on market compared to previous years, reflecting a shift toward more sustainable growth.
This ZIP is well-suited for family buyers and commuters seeking relatively affordable housing options within the Phoenix metro area.
Median prices moved down 3.2% year over year.
Homes spend a median of 92 days on market with 3.3 months of supply — a balanced-paced market.
35% of listings have cut prices · homes sell at 98% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.5% · poverty 15.0% — 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 9.3%/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 3.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 85204, Maricopa County AZ
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 typically commute via the US-60 and Loop 101 corridors toward employment hubs in Mesa, Tempe, and Phoenix.
The area features proximity to local parks and community centers, with shopping and dining districts concentrated along major arterial roads like Main Street.
The rental market is characterized by a significant share of renter-occupied units, with vacancy pressure remaining moderate.
The economy is driven by education, healthcare, and retail sectors, with significant employment provided by local institutions and proximity to the broader Phoenix-Mesa-Chandler metro job market.
The area is served by a network of arterial roads and is connected to the regional transit system via bus routes and proximity to light rail extensions.
Parcels are subject to Maricopa County property tax levies, including local school district and community college district assessments.
Data retrieved from data.census.gov ZCTA 85204 profile.
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 | Arizona4.211.4 mi
- Arizona Grand Resort & Spa4.310.1 mi
- Salt River Tubing4.714.7 mi
- Pecan Lake Entertainment4.215.3 mi
- Andretti Indoor Karting and Games Chandler4.38.2 mi
- Desert Botanical Garden4.89.6 mi
- Chase Field4.615.9 mi
- Mortgage Matchup Center4.616.1 mi
- Casino Arizona4.16.4 mi
- Phoenix Convention Center4.516 mi
- Desert Botanical Garden4.89.6 mi
- Phoenix Zoo4.59.3 mi
- Casino Arizona4.16.4 mi
- OdySea Aquarium4.511.7 mi
- Great Wolf Lodge | Arizona4.211.4 mi
- Desert Botanical Garden4.89.6 mi
- Hole in the Rock4.79.4 mi
- McCormick-Stillman Railroad Park4.812 mi
- Phoenix Art Museum4.716.6 mi
- Japanese Friendship Garden of Phoenix4.416.7 mi
- Desert Botanical Garden4.89.6 mi
- Papago Park4.79.5 mi
- Hole in the Rock4.79.4 mi
- McCormick-Stillman Railroad Park4.812 mi
- Riparian Preserve at Water Ranch4.84.3 mi
- Arizona Grand Resort & Spa4.310.1 mi
- Topgolf Scottsdale4.510.8 mi
- Topgolf Gilbert4.56.3 mi
- Papago Golf Club4.310.4 mi
- Dobson Ranch Golf Course4.65 mi
- Arizona Mills4.49.7 mi
- Scottsdale Fashion Square4.610.5 mi
- Chandler Fashion Center4.58.9 mi
- Tempe Marketplace4.66.5 mi
- Phoenix Premium Outlets4.512.8 mi
- Phoenix Sky Harbor International Airport4.312.5 mi
- Mesa Gateway Airport4.410.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major local anchor institution.
Regional retail and entertainment destination.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).