Mesquite, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mesquite Neighborhoods Since 2000




Mesquite, TX Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Mesquite Housing Market Information

With 144,652 people, 47,795 houses or apartments, and a median cost of homes of $146,465, Mesquite real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Mesquite, accounting for 71.45% of the city's housing units. Other types of housing that are prevalent in Mesquite include large apartment complexes or high rise apartments ( 23.26%), duplexes, homes converted to apartments or other small apartment buildings ( 3.39%), and a few row houses and other attached homes ( 1.61%).

The most prevalent building size and type in Mesquite are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.73% owning and 42.27% renting.

There is a lot of housing in Mesquite built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Mesquite built between 1940-1969 ( 22.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.02%).

Mesquite Home Appreciation Rates

In the last 10 years, Mesquite has experienced some of the highest home appreciation rates of any community in the nation. Mesquite real estate appreciated 26.92% over the last ten years, which is an average annual home appreciation rate of 2.41%, putting Mesquite in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mesquite definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Mesquite that despite a nationwide downturn in the housing market, Mesquite real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mesquite appreciation rates continue to be some of the highest in America, at 11.72%, which is higher than appreciation rates in 97.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mesquite. Mesquite appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Mesquite one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Mesquite's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

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.

Average Home Values

 

Median Home Value:
$146,465

Mesquite, TX HOME PRICES

Value Range
> $1,359,000 0.3
$1,019,001 - $1,359,000 0.2
$680,001 - $1,019,000 0.2
$543,001 - $680,000 0.2
$408,001 - $543,000 0.5
$272,001 - $408,000 4.3
$136,001 - $272,000 49.1
$68,001 - $136,000 39.4
$0 - $68,000 5.8

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
51.5527950310559 35.7003891050584

Number Of Homes And Apartments:
47,795

Mesquite Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
44.90% 2.17% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,278 / per month

Homeownership Rate

Homeownership
Owners 57.73
Renters 42.27
Vacant 6.88

Housing Market Details

 

Age of Homes

AGE OF Mesquite HOMES
2000 or Newer 13.0
1970 - 1999 63.9
1940 - 1969 22.7
1939 or Older 0.5

Types of Homes

TYPE OF Mesquite HOMES
Single-Family 71.4
Townhomes 1.6
Small Apt. Buildings 3.4
Apt. Complexes 23.3
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Mesquite HOMES
No Bedroom 1.64
1 Bedroom 11.52
2 Bedrooms 17.34
3 Bedrooms 48.95
4 Bedrooms 18.34
5 or more bedrooms 2.20