Mesquite, Texas Housing Market Prices
Mesquite Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 3% above the Texas median$266,077
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Median rent 7% above the Texas median$1,499
Housing Market Overview
| Metric | Mesquite | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $266,077 | $258,873 | $248,835 |
| Price Trend (Annual %) | 22.2% | 9.2% | 7.5% |
| Median Gross Rent | $1,499 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mesquite is about 3% higher than in Texas. Rent is about 7% higher than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Mesquite, up about 22.2% and 5.6% a year respectively. Home prices are changing faster.
Median rent in Mesquite rose about 56.7% between 2015 and 2024, from $957 to $1,499. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Mesquite.
Buying the median-priced home in Mesquite costs roughly 14.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Mesquite. The price-to-rent ratio in Texas is about 15.4.
| Metric | Mesquite | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $266,077 | $258,873 | $248,835 |
| Median Household Income | $72,469 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.7 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mesquite rose about 387.1%, while median household income rose about 33.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Mesquite | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.6% | 56.7% | 58.5% |
| Rental Rate | 33.9% | 33.9% | 31.2% |
| Vacancy Rate | 6.5% | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Mesquite has a homeownership rate of 59.6%, higher than the Texas average of 56.7%. Its housing vacancy rate is 6.5%, compared with 9.4% in Texas.
Housing Stock
| Metric | Mesquite | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.99 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1983 | 1990 | 1978 |
| Median Number of Rooms | 5.6 | 5.4 | 5.5 |
The typical housing unit in Mesquite was built around 1983. On average, 3.0 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
Mesquite, TX Housing Compared With Nearby Cities
How Mesquite, TX compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mesquite, TX | 150,839 | $266,077 #2/2 | $1,499 #1/2 | 63.7% #2/2 |
| Balch Springs, TX | 32,011 | $305,156 | $1,390 | 67.0% |
Frequently Asked Questions
Common questions about the housing market in Mesquite, Texas.
What is the median home price in Mesquite, Texas?
The median home price in Mesquite, Texas is $266,077, higher than the Texas average of $258,873.
What is the average home price in Mesquite, Texas?
The typical home price in Mesquite, Texas, reported as the median sale price, is $266,077. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Mesquite, Texas?
The median gross rent in Mesquite, Texas is $1,499 per month, higher than the Texas average of $1,402.
What was the median gross rent in Mesquite in 2020?
In 2020, the median gross rent in Mesquite, Texas was $1,144 per month.
What is the price-to-rent ratio in Mesquite, Texas?
The price-to-rent ratio in Mesquite, Texas is about 14.8, meaning it would take roughly 14.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Mesquite.
Are home prices or rent rising faster in Mesquite, Texas?
Both home prices and rent are rising in Mesquite, up about 22.2% and 5.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mesquite, Texas?
59.6% of households in Mesquite, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Mesquite, Texas?
The housing vacancy rate in Mesquite, Texas is 6.5%, lower than the Texas average of 9.4%.
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