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Mesa, AZ Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,628
Monthly Cash Flow
-$832
Principal + Equity
$3,082
Annual Total Gain
$27,000
Cash on Cash
-9.24%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$206
Occupancy Rate
64.52%
Monthly Revenue
$2,694
Monthly Cash Flow
-$170
Principal + Equity
$3,082
Annual Total Gain
$34,943
Cash on Cash %
-1.89%
Net ROI %
Market Health & Growth
Median Income
$78,779
Population
507,478
LTR Renter %
35.65%
Forecast (1 yr)
0.44%
Appreciation (1 yr)
-3.6%
Appreciation (5 yr)
37.53%
Appreciation (10 yr)
108.63%
Job Growth
0.62%
LTR Rentability
Moderate
STR Demand
67
STR Rentals
1,686
Top Public Schools
ABASIS Scottsdale
ABASIS Ahwatukee
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Cities to Retire in America
#22out of 229 markets
Best Cities to Raise a Family in America
#102out of 229 markets
Cities with the Best Public Schools in America
#36out of 229 markets
B
Public School
C-
Crime And Safety
C
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Mesa, AZ.
In Mesa, Arizona, Short Term Rentals (STRs) are regulated by the city's zoning code and require a permit to operate legally. Here are some key regulations that an investor should be aware of before investing in a property for STR purposes in Mesa:
1. Zoning Restrictions: Mesa has specific zoning regulations that dictate where STRs are allowed to operate within the city. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
2. Permit Requirements: In order to operate a STR in Mesa, property owners must obtain a Short Term Rental Permit from the city. This permit must be renewed annually and comes with a fee.
3. Occupancy Limits: Mesa has occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them when renting out their property.
4. Noise and Nuisance Regulations: Mesa has noise regulations in place to ensure that STRs do not disrupt the peace and quiet of residential neighborhoods. Investors should be aware of these regulations and take steps to minimize noise and disturbances from their rental property.
5. Taxation: STRs in Mesa are subject to transient lodging taxes, which must be collected and remitted to the city. Investors should be aware of their tax obligations and ensure that they are in compliance with all relevant tax laws.
6. Homeowner's Association (HOA) Restrictions: If the property is located within a homeowners' association, investors should review the HOA's rules and regulations regarding short term rentals. Some HOAs may have restrictions or prohibitions on STRs.
7. Insurance Requirements: Investors should ensure that they have the appropriate insurance coverage for their STR property, including liability insurance to protect against any potential accidents or damages.
By being aware of and complying with these regulations, investors can ensure that they are operating their STR property legally and responsibly in Mesa, Arizona.
Market Trends Over Time
Explore 25 years of market data for Mesa, AZ, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Mesa, AZ.
The LTR Genie Score of Mesa, AZ is 59, indicating a moderate level of rentability for long-term rental properties in the area. This score is influenced by factors such as the LTR Rent Growth Rate of 0.0615% and the LTR Net ROI of 24.97%. On the other hand, the STR Genie Score is 73, suggesting a higher level of rentability for short-term rental properties. This is supported by the higher STR Net ROI of 32.32% and the STR Occupancy rate of 64.52.
Mesa, AZ is a growing city with a diverse economy and a strong job market, making it an attractive location for real estate investors. The 1-Year Price Appreciation Forecast of 0.44% indicates a stable market with potential for growth in property values.
Based on the metrics provided, Mesa, AZ appears to be a more attractive market for short-term rental investment compared to long-term rental investment. The higher STR Genie Score and STR Net ROI suggest that short-term rentals may offer better returns for investors in this market. However, investors should consider factors such as local regulations, competition, and market demand before making a decision on whether to invest in long-term or short-term rental properties in Mesa, AZ.
LTR Genie Score 93
$80,900
🛏 3 Beds🛁 2.0000 Baths🏙 1,056 sqft.🏠 SINGLE FAMILY
