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Tempe

Tempe

Located in Maricopa County

$517,337 Average Value
$300 Average Price per Sq Ft
366 Homes For Sale

Hub for business and education

Set by the Sonoran Desert and home to Arizona State University, Tempe's main industry is education. “Tempe is definitely a college town, especially the north Tempe area. It’s hip, much younger than Scottsdale,” says Josiah Miller, a Realtor with Josiah Miller Homes and a Phoenix-area local. Many ASU students stay in the area after graduation, so Tempe’s also popular with young families and working professionals. Between 2010 and 2024, the population here grew from 160,000 to 180,000.

Tempe was a 19th-century hub for trade and transportation along the Salt River, but today, major employers include ASU and Fortune 500 companies like GoDaddy and State Farm. Fast-growing business sectors include tech, finance and hospitality, and more than 2,000 jobs were created here between 2022 and 2023. As of late 2024, the city has been investing in lots of new construction, including the South Pier project; this mixed-use space on Tempe Town Lake will add new apartment buildings, hotels and office spaces to the Tempe skyline, and is slated for completion in 2026.

Alameda's proximity to major businesses creates excellent job opportunities for residents.
Alameda's proximity to major businesses creates excellent job opportunities for residents.
ASU's vibrant campus in Downtown Tempe fuels intellectual curiosity.
ASU's vibrant campus in Downtown Tempe fuels intellectual curiosity.
Alameda's Tempe Town Lake stands as a scenic centerpiece.
Alameda's Tempe Town Lake stands as a scenic centerpiece.
Tempe is building new housing and shopping area, making it a hotspot for young residents.
Tempe is building new housing and shopping area, making it a hotspot for young residents.
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Single-family homes and student housing

Tempe's median home price is roughly $522,000, compared to $460,000 in Phoenix (about 10 miles west), $610,500 in Gilbert (about 14 miles southeast), and $910,000 in Scottsdale (about 6 miles northeast). “Gilbert, Tempe and Scottsdale are the hottest Phoenix-area markets right now, in my opinion,” Miller says. Apartment and condo complexes are common close to ASU. “You’ve got a lot of single-family homes in south Tempe, and they’re coming through and renovating the houses and bringing up the value of the entire area," Miller says. Single-family homes are mostly ranch- or Spanish-style from the late 20th century or early 2000s, and they're especially popular with investors who rent their properties to local students. Miller says that two-bedroom homes and apartment complexes geared toward students are currently being developed in the area.

From historic to contemporary, Downtown Tempe offers diverse housing options.
From historic to contemporary, Downtown Tempe offers diverse housing options.
Many lakefront homes in The Lakes have private docks.
Many lakefront homes in The Lakes have private docks.
Condos in Tempe range from high-end lakeside condos to more modest condos.
Condos in Tempe range from high-end lakeside condos to more modest condos.
There are plenty of housing options for students in Downtown Tempe.
There are plenty of housing options for students in Downtown Tempe.
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Tempe school districts receive high marks from Niche

Tempe is served by three public school districts: Tempe Elementary School District and Kyrene School District are both rated A-minus overall by Niche, while Tempe Union High School District earns an overall B-minus. Several elementary schools, including Aguilar Elementary, offer a dual-language immersion program, where students’ days are split evenly between English- and Spanish- or Mandarin-language instruction. Tempe’s public high schools offer dual-enrollment courses through Rio Salado College. Alternative schooling options include the A-plus-rated Tempe Preparatory Academy, a charter school, and the A-rated Grace Christian Academy, a private school. Arizona State University’s Tempe campus is a defining feature of the city, where over 55,000 students attend class.

Welcome to the Tempe Preparatory Academy.
Welcome to the Tempe Preparatory Academy.
Tempe High School prides themselves in their athletic teams and extracurricular programs.
Tempe High School prides themselves in their athletic teams and extracurricular programs.
Grace Christian Academy is a top Christian private school located in Tempe, AZ.
Grace Christian Academy is a top Christian private school located in Tempe, AZ.
Aguilar Elementary in Tempe is home of the Wildcats!
Aguilar Elementary in Tempe is home of the Wildcats!
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Parks with mountain views

Tempe is home to over 50 parks, including the 25-acre Tempe Beach Park, which sits along the scenic Tempe Town Lake—popular for renting boats and fishing for rainbow trout and largemouth bass. At the Tempe Sports Complex, locals practice tricks at the outdoor skate park and play sports like pickleball, baseball and soccer. Community pools and splash pads can be found throughout the city, including a heated wave pool in the indoor rec center at the 27-acre Kiwanis Park. Hayden Butte Preserve is known for its Hohokam petroglyphs, and dirt-packed mountain trails that offer panoramic city views. Hayden Butte itself is nicknamed “A Mountain” for its iconic man-made capital “A,” and serves as the backdrop for ASU’s Mountain America Stadium, where the Sun Devils play.

Alameda's A-Mountain Hiking Trail beckons outdoor enthusiasts.
Alameda's A-Mountain Hiking Trail beckons outdoor enthusiasts.
Tempe Town Lake is a hotspot for rowers in the Tempe and Phoenix area.
Tempe Town Lake is a hotspot for rowers in the Tempe and Phoenix area.
Kiwanis Park in Tempe offers amazing views that you’ll want to share with your loved ones.
Kiwanis Park in Tempe offers amazing views that you’ll want to share with your loved ones.
Trails at Pima Canyon Trailhead can offer easy hikes or an extreme challenge for bikers.
Trails at Pima Canyon Trailhead can offer easy hikes or an extreme challenge for bikers.
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Shopping, dining and entertainment around Mill Avenue

Tempe's busy shopping and dining scene reflects the city’s youthful energy and attracts folks from across the Phoenix metro area. Downtown, Mill Avenue's red brick sidewalks are lined with locally owned boutiques, specialty shops and eateries—from artsy cafes and neighborhood pizza parlors to upscale fine dining. Mill Avenue is also popular for its array of breweries, nightclubs and music venues. The open-air Tempe Marketplace offers a mix of sunbaked small businesses and chain retailers set along palm tree-dotted streets and sidewalks. “We love our outdoor shopping malls here,” Miller says.

Catch a game of free lakeside trivia on Thursdays at Pier 54 in The Lakes.
Catch a game of free lakeside trivia on Thursdays at Pier 54 in The Lakes.
Stroll down Mill Ave and immerse yourself in Downtown Tempe's charm.
Stroll down Mill Ave and immerse yourself in Downtown Tempe's charm.
Tempe Marketplace offers live music that Apache locals enjoy.
Tempe Marketplace offers live music that Apache locals enjoy.
West Tempe is a walkable neighborhood with nearby restaurants and retail stores.
West Tempe is a walkable neighborhood with nearby restaurants and retail stores.
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Annual events and an active arts community

Murals showcasing Tempe’s rich cultural history are a common sight around ASU and along Mill Avenue. ASU has a nationally recognized fine arts program, and its students are a large part of the local arts community. On the campus, the ASU Art Museum focuses on the work of Southwestern and Latin American artists.

Tempe Town Lake is the setting for many of Tempe’s most popular annual events and celebrations, including Four Peaks Oktoberfest, the Tempe 4th of July Celebration and December’s Fantasy of Lights Boat Parade. At the latter, boaters adorn their watercraft with brightly lit holiday-themed decorations, while locals on land watch the firework-capped parade and enjoy live music and food trucks. Also on the lake, Tempe Center for the Arts is a popular venue for visual and performing arts, including plays, concerts and art galleries.

Downtown Tempe's art scene comes alive with creativity and expression.
Downtown Tempe's art scene comes alive with creativity and expression.
North Tempe’s annual Aloha Festival hosts many shows throughout the weekend.
North Tempe’s annual Aloha Festival hosts many shows throughout the weekend.
Tempe Town Lake is a vibrant destination for water lovers seeking adventure close to Alameda.
Tempe Town Lake is a vibrant destination for water lovers seeking adventure close to Alameda.
Unleash your creative side and meet some new friends at Painting With a Twist in The Lakes.
Unleash your creative side and meet some new friends at Painting With a Twist in The Lakes.
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Getting around from Tempe

Tempe is about 10 miles east of Phoenix, a 15- to 35-minute drive during rush hour. Many locals drive, and routes 60 and 101 make navigating the Phoenix metro area a breeze. However, unlike other Phoenix-area cities, locals aren’t car-dependent here. “Tempe has excellent public transportation—they ran the light rail through this area, there’s Uber and the driverless Waymo cars. If you’re a college kid and don’t have a car, you’ll get around just fine,” Miller says. The Valley Metro light rail takes folks to Phoenix and Mesa, and Valley Metro bus stops throughout Tempe connect locals to the Phoenix metro area. “Most students walk, so if you’re driving down there when class is getting out, you’ll see like 10,000 kids on the sidewalk," Miller says. "It’s very pedestrian-friendly, they’ve put a lot of thought into it,” Tempe St. Luke's Hospital is in the city’s north, and Phoenix Sky Harbor International Airport is about 4 miles east.

Crime and extreme heat

According to the FBI’s Crime Data Explorer, the total number of crimes reported in Tempe has decreased from 8,700 to 7,800 between 2013 and 2023. Tempe Police partners with neighborhood watch organizations and Getting Arizona Involved in Neighborhoods (GAIN) to prevent crime and foster community involvement. Overall, Arizona Crime Statistics reports that crime is down 13% from 2022 to 2023.

Tempe's summer temperatures regularly top 100 degrees, and in what's known as the Urban Heat Island effect, asphalt streets and concrete sidewalks absorb this heat, leading to even higher temperatures. Air-conditioned days inside and trips to public pools are popular ways to stay cool. Currently, the city is working toward increasing its shade canopy from 13% to 25% by 2040.

Travis Rocha
Written By
Travis Rocha
Ryan Nelson
Photography Contributed By
Ryan Nelson
Jacob McAllister
Video By
Jacob McAllister

Interested in learning more about homes in this area? Reach out to Brian Duncan, an experienced agent in this area.

Agents Specializing in this Area

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Parks in this Area

Tempe Housing Trends

Housing Trends

Median List Price
$499,250
Median Sale Price
$475,000
Median Single Family Sale Price
$545,000
Median Townhouse Sale Price
$380,000
Median 2 Bedroom Sale Price
$295,900
Median Change From 1st List Price
4%
Last 12 months Home Sales
1,382
Median Home Sale Price YoY Change
2%
Average Price Per Sq Ft
$300

Area Facts

Number of Homes
38,459
Number of Homes for Sale
366
Median Year Built
1977
Months of Supply
3.20
Average Single Family Home Size Sq Ft
1,655
Below the national average
1,929
Average Townhouse Size Sq Ft
1,402
Average 2 Bedroom Size Sq Ft
1,271
Average 1 Bedroom Size Sq Ft
877
Average Studio Size Sq Ft
916
Median Lot Size Sq Ft
3,702

Open Houses

  • Saturday, Nov 1
    Open Sat 2PM - 5PM

    1508 E Carmen St Unit 2, Tempe, AZ 85283

    $595,000

    • 4 Beds
    • 2 Baths
    • 1,956 Sq Ft
    • 1508 E Carmen St
    • Unit 2
    • New 1 day ago

    Welcome to 1508 E. Carmen Street, a beautifully maintained home nestled in the heart of Tempe. This inviting residence blends comfort, convenience, and classic Arizona charm in one of the Valley's most sought-after locations. Situated near shopping, dining, parks, and schools, it offers easy access to everything Tempe has to offer — from the lively Mill Avenue District and ASU campus to Tempe

    Shane Peterlin Century 21 Seago

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  • Saturday, Nov 1
    Open Sat 10AM - 2PM

    8629 S Stanley Place, Tempe, AZ 85284

    $1,550,000

    • 5 Beds
    • 4 Baths
    • 4,158 Sq Ft
    • 8629 S Stanley Place
    • New 5 days ago

    Welcome to 8629 S Stanley Place, a rare Irrigated 1.45 acre estate in the highly sought-after Buena Vista Ranchos community. This expansive 4,158 SF home with a 500SF detached guest house has 5-beds, 4-baths and offers endless potential with spacious living areas, timeless architecture, and incredible outdoor possibilities. Enjoy the privacy and charm of a large, established lot with mature

    Max Dewitt Realty ONE Group

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  • Thursday, Oct 30
    Open Thu 12PM - 2PM

    315 W Riviera Dr, Tempe, AZ 85282

    $600,000

    • 4 Beds
    • 2 Baths
    • 2,008 Sq Ft
    • 315 W Riviera Dr
    • New 6 days ago

    Become the proud owner of this thoughtfully REBUILT 4-bedroom home! You're welcomed by a 2-car garage, stylish pavers, and an inviting front patio. Discover a delightfully upgraded interior showcasing a serene living room with high ceilings, recessed lighting, a soothing palette, and attractive wood-look flooring. You'll also find a dedicated family room for relaxing evenings with loved ones. The

    Edyi Fawcett-Nickola Keller Williams Realty Sonoran Living

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Homes for Sale

Homes for Rent

Condo Buildings

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Tempe

Property Mix - Square Feet

Tempe Has More Renters

Demographics

Total Population
187,770
Median Age
32
Population under 18
21%
On par with the national average
23.8%
Population over 65
11.6%
Below the national average
19.1%

Finances

Median Household Income
$67,701
Below the national average
$71,702
Average Household Income
$89,225

Education and Workforce

High School Graduates
93.6%
College Graduates
48.7%
Above the national average
34.1%
Advanced Degrees
21.6%
Above the national average
13.3%
% Population in Labor Force
70.9%

Weather

Annual Precipitation
7''
Average Winter Low Temperature
45°F
Average Summer High Temperature
107°F
Annual Snowfall
0''

Area Factors

Very Bikeable

Bike Score®®

74 / 100

Very Walkable

Walk Score®®

75 / 100

Some Transit

Transit Score®®

48 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Tempe