Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 17,496 people, 6,978 houses or apartments, and a median cost of homes of $189,181, Mesquite real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Mesquite, accounting for 51.05% of the city's housing units. Other types of housing that are prevalent in Mesquite include row houses and other attached homes ( 17.27%), duplexes, homes converted to apartments or other small apartment buildings ( 16.77%), and a few large apartment complexes or high rise apartments ( 11.13%).
Dwellings in Mesquite tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.58% of the homes in Mesquite have two or fewer bedrooms.
Mesquite homes and real estate are some of the newest in America. 50.77% of Mesquite's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Mesquite real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 47.37%), and between 1940-1969 ( 1.34%).
Vacant housing appears to be an issue in Mesquite. Fully 25.90% of the housing stock is classified as vacant. Left unchecked, vacant Mesquite homes and apartments can be a drag on the real estate market, holding Mesquite real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Homes have actually lost value in Mesquite over the last then years, as home values have seen a decline of 25.75% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Mesquite home appreciation rates at 1.54%, which equates to an annual appreciation rate of 6.29%.
Over the last year, Mesquite appreciation rates have trailed the rest of the nation. In the last twelve months, Mesquite's appreciation rate has been 2.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mesquite were at 1.54%, which equates to an annual appreciation rate of 6.29%.
Relative to Nevada, our data show that Mesquite's latest annual appreciation rate is lower than 90% of the other cities and towns in Nevada.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Mesquite differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mesquite - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Mesquite real estate investment or home purchase decisions.
|$911,001 - $1,214,000||0.3|
|$607,001 - $911,000||1.7|
|$486,001 - $607,000||3.0|
|$364,001 - $486,000||5.1|
|$243,001 - $364,000||25.6|
|$121,001 - $243,000||45.7|
|$61,001 - $121,000||11.8|
|$0 - $61,000||6.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Mesquite HOMES|
|2000 or Newer||50.8|
|1970 - 1999||47.4|
|1940 - 1969||1.3|
|1939 or Older||0.5|
|TYPE OF Mesquite HOMES|
|Small Apt. Buildings||16.8|
|SIZE OF Mesquite HOMES|
|5 or more bedrooms||0.55|