We've just released our June rent report for Mesa -- under embargo until Sunday, 6/1 --, where we track rent growth, median prices, and market trends. I thought you might find it interesting since you write about real estate market trends.
To see this month's report for Mesa, please click here.
[ Thank you, Angela :) ]
______________________________________________________________
Please scroll down to see the Apartment List Renter Satisfaction Survey:
[ Thank you, Angela :) ]
______________________________________________________________
Please scroll down to see the Apartment List Renter Satisfaction Survey:
Overview of Findings
Apartment List has released Mesa’s results from the third annual Apartment List Renter Satisfaction Survey.
This survey, which drew on responses from over 45,000 renters, provides insight on what states and cities must do to meet the needs of 111 million American renters nationwide.
"Mesa renters expressed general satisfaction with the city overall," according to Apartment List. "Some categories received average scores, and many received below average scores."
______________________________________________________________This survey, which drew on responses from over 45,000 renters, provides insight on what states and cities must do to meet the needs of 111 million American renters nationwide.
"Mesa renters expressed general satisfaction with the city overall," according to Apartment List. "Some categories received average scores, and many received below average scores."
Here are some of this month's highlights for Mesa:
- Rents in Mesa are up 4.1% over the past year, the #2 fastest growth rate among the nation's large cities. For comparison, our national rent index grew by just 1.5% over the past year.
- Since 2014, rents in Mesa have grown by 25.1%, outpacing the national average of 12.7%.
- The median rent for a 2BR apartment in Mesa is currently $1,110 compared to the national average of $1,855.
_________________________________________________________________________
Here is the national data:
__________________________________________________________________________________
June 2019 Mesa Rent Report
Welcome to the June 2019 Mesa Rent Report. In this report, we'll evaluate trends in the Mesa rental market, including comparisons to cities throughout the metro, state, and nation.
- Mesa rents increase sharply over the past month
- Mesa rents have increased 0.6% over the past month, and are up significantly by 4.1% in comparison to the same time last year. Currently, median rents in Mesa stand at $890 for a one-bedroom apartment and $1,110 for a two-bedroom.
- The city's rents have been increasing for 18 straight months - the last time rents declined was in November 2017.
- Mesa's year-over-year rent growth leads the state average of 3.4%, as well as the national average of 1.5%
Rents rising across the Phoenix Metro
Throughout the past year, rent increases have been occurring not just in the city of Mesa, but across the entire metro. Of the largest 10 cities that we have data for in the Phoenix metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.
- Gilbert has the most expensive rents in the Phoenix metro, with a two-bedroom median of $1,480; the city has also seen rent growth of 1.5% over the past month, the fastest in the metro.
- Over the past month, Surprise is the only city in the metro that has seen rents fall, with a decline of 0.7%. Median two-bedrooms there cost $1,360, while one-bedrooms go for $1,090.
- Phoenix proper has the least expensive rents in the Phoenix metro, with a two-bedroom median of $1,080; rents grew 0.4% over the past month and 3.9% over the past year.
Mesa rents more affordable than many large cities nationwide
As rents have increased significantly in Mesa, a few large cities nationwide have seen rents grow more modestly. Mesa is still more affordable than most large cities across the country.
- Rents increased slightly in other cities across the state, with Arizona as a whole logging rent growth of 3.4% over the past year. For example, rents have grown by 1.9% in Tucson.
- Mesa's median two-bedroom rent of $1,110 is below the national average of $1,190. Nationwide, rents have grown by 1.5% over the past year compared to the 4.1% rise in Mesa.
- While Mesa's rents rose significantly over the past year, many cities nationwide also saw increases, including Las Vegas (+3.7%), San Antonio (+2.4%), and Denver (+1.8%).
- Renters will find more reasonable prices in Mesa than most large cities. For example, San Francisco has a median 2BR rent of $3,100, which is more than two-and-a-half times the price in Mesa.
For more information check out our national report.
You can also access our full data for cities and counties across the U.S. at this link.
You can also access our full data for cities and counties across the U.S. at this link.
Methodology - Recent Updates:
Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings.
To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.
Methodology:
Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.
Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.
About Rent Reports:
Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.
We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.
Renter Confidence Survey
Apartment List has released Mesa’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters, provides insight on what states and cities must do to meet the needs of 111 million American renters nationwide.
"Mesa renters expressed general satisfaction with the city overall," according to Apartment List.
Here’s how Mesa ranks on:
C+ Overall satisfaction
C+ Safety and crime rate
C Recreational activities
B Affordability
C+ Quality of schools
D Social Life
B Weather
C Commute time
B State and local taxes
C+ Public transit
C Pet-friendliness
Overview of Findings
Apartment List has released Mesa’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters, provides insight on what states and cities must do to meet the needs of 111 million American renters nationwide.
"Mesa renters expressed general satisfaction with the city overall," according to Apartment List. "Some categories received average scores, and many received below average scores."
Key findings in Mesa include the following:
"Mesa renters expressed general satisfaction with the city overall," according to Apartment List. "Some categories received average scores, and many received below average scores."
Key findings in Mesa include the following:
- Mesa renters gave their city a C+ overall.
- The highest-rated categories for Mesa were weather, affordability, and state and local taxes, which all received B grades.
- The areas of concern for Mesa renters are jobs and career opportunities (F) and social life (D).
- Millennial renters are unsatisfied with their city, giving it an overall rating of C, while renters who are parents are more satisfied, giving it a B.
- Mesa did relatively poorly compared to other cities in Arizona, including Phoenix (B-) and Tempe (A-), but earned higher marks than Tucson (D).
- Mesa did relatively poorly compared to similar cities nationwide, including Denver, CO (B+), Nashville, TN (A-) and Portland, OR (B).
- The top rated cities nationwide for renter satisfaction include Scottsdale, AZ, Irvine, CA, Boulder, CO and Ann Arbor, MI. The lowest rated cities include Tallahassee, FL, Stockton, CA, Dayton, OH, Detroit, MI and Newark, NJ.
- "I love the weather, but I don’t feel safe in my neighborhood." – Amy Z.
- "Easy access to stores. I enjoy the diverse population mix. Great downtown. Lots to do on any given day." – Gail H.
- "The weather is great, the people seem friendly and the cost of living is low. But it can get too hot in the summer and salaries are a little low." – Earl L.
- "I love the weather and the scenery, but I hate the traffic congestion." – Daniel S.
View our national survey results here
