The Phoenix area is one of the fastest growing real estate markets in the country, and if you’re an investor who wants to capitalize on the population growth in the area without the competition and the congestion, consider looking just outside of Phoenix. We’re talking specifically about Mesa, Arizona, which is a growing market and full of excellent opportunities.
Mesa is a thriving city in Maricopa County with a population of over half a million people. The city has a strong local economy buffered by a diverse mix of industries, including healthcare, education, and tourism, making it an attractive destination for many people.
Let’s analyze the current real estate market trends in Mesa and explore the different opportunities available for real estate investors.
Growing Demand for Mesa Rental Properties
One of the significant trends that’s most beneficial in the Mesa real estate market is the growing demand for housing. As more people move to the city, the demand for housing has increased significantly. According to recent data, the average home values in Mesa have risen extensively over the last couple of years. The housing market remains strong, and the rental market is outpacing it; rents are higher and the residents who are moving into rental homes are well-qualified. Investing in a property in Mesa can be an excellent long-term investment, as the city's population continues to grow.
Diverse Residential Real Estate
The rental market in Mesa is lucrative for investors not only because it is abundant in terms of residents and inventory, but also because there’s a lot of diversity in the market. You can find some excellent deals on commercial real estate with high income potential, you can still manage to flip properties if you endeavor to buy low and sell high, and for the best leverage on your investment dollars: residential real estate is available in a number of different neighborhoods and property types.
Look for single-family homes in new construction communities or established neighborhoods. Invest in multifamily properties such as duplexes, townhomes, and apartment units. There are a number of condos that have been recently renovated and are especially attractive to the large population of retirees moving into Mesa and looking for a low-maintenance rental home.
Decide what works for your individual investment goals, and you’ll find something available in Mesa.
Mesa Remains an Affordable Real Estate Market
Mesa's real estate market is relatively affordable compared to other cities in the United States. Despite the growth in the city's economy and the surging prices in nearby Phoenix, the cost of living in Mesa remains comparatively low. The affordable housing market offers investors an opportunity to purchase properties at a lower price and generate a significant return on investment. Investing in Mesa's affordable real estate market is a wise investment choice, considering the city's growth potential.
Mesa's real estate market offers many opportunities for real estate investors. Whether you're looking to invest in residential or commercial real estate, the city's growing economy and affordable housing market make it an attractive investment destination. With its increasing population, steady job growth, and high demand for housing, investing in real estate in Mesa is a good move.
We know the Mesa real estate and rental markets very well, and we’d be happy to help you with your next investment. Please contact us at PURE Property Management of Arizona.
