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 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%).
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.
|$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|
|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||13.0|
|1970 - 1999||63.9|
|1940 - 1969||22.7|
|1939 or Older||0.5|
|TYPE OF Mesquite HOMES|
|Small Apt. Buildings||3.4|
|SIZE OF Mesquite HOMES|
|5 or more bedrooms||2.20|