Arizona’s Land of Possibilities
Discover Mesa's Real Estate
After a downturn of the city’s housing sector, it has witnessed a big boom making it every real estate investor’s delight. Mesa is considered as a land of opportunities; many young professionals and job seekers have utilized them to get to higher levels.
Culture, History, and Business
Mesa is found within Maricopa County and is part of the Arizona State. It was founded in 1878, and it has a landmass of over 138.83 square miles. Mesa is the third-biggest city in Arizona and is within 15 miles east of Phoenix. The city offers a blend of the suburban and the metropolis environment living. In the United States, it is the largest suburban city by population. According to the 2019 statistics, Mesa is home to about 511,334 residents.
The city has a thriving economy, which makes it a good place to reside and work. Mesa is able to attract a lot of talent and retain them. Each household has a median income of around $50,500 and $52,155. The major employers in this city are construction, quarrying and mining, oil and gas extraction, and healthcare and social assistance. The median income in Mesa has an annual growth rate of 5%. This city is safe to live in and offers all the amenities needed to be comfortable in a big city. Mesa also offers a low cost of living and is one of the fastest-growing cities in the country.
Real Estate Appeal
The Phoenix-Mesa property market nosedived during the 2007 and 2008 housing crisis. The home values fell to a new low within this period and were selling at half its price. But, after a decade, things have gotten better, and the Phoenix-Mesa areas are top of the list of many of the real estate investors. According to ESRI, the average price of a home in Mesa is $202,666, and the average rent that tenants have to pay for a two-bedroom apartment is $1020. A lot of people are moving to Mesa areas in search of better jobs and affordable living. It is the perfect city for the long-term real estate investors who are looking to make a huge profit after 5 to 6 years.
The real estate market is booming in the US now, and Mesa is one of the top cities that is currently seeing an upsurge in real estate. The short-term real estate investors are seeing good returns on investments in houses and condominiums over the past 12 months.If Mesa sounds like a good idea to you, then we advise that you find out more about the city before investing. Read our subsequent articles to find out why you should invest in Mesa and the top neighborhoods to invest in.
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