$481,265Average Value$379Average Price per Sq Ft42Homes For Sale
Tempe grows up around university campus
Downtown Tempe has seen explosive growth since the 19th century, now ranking as the ninth-largest city in Arizona by population. University Drive and Mill Avenue intersect to form a crossroads at the community’s center, around Arizona State University’s campus. “ASU is the biggest draw for Downtown Tempe,” says associate broker Theresa Jones of Weirick Jones Group. “There are lots of rental properties available to students.” Downtown Tempe is known for its student population, but this is one of many demographics. “Downtown Tempe has all ages,” says former resident and Broker Joshua Carlson of Gentry Real Estate. “You still have retirees and some people that have lived here since the '60s because they love that young vibe.” Major employers such as Honeywell and Carvana offer potential career paths. Commuters can take Downtown Tempe’s public transportation to and from work, stopping at a locally owned restaurant or one of the city’s half -dozen parks to end the work week. Community events such as the Tempe Festival of the Arts bring people together.
Valley Art Harkins Theatre in Downtown Tempe plays blockbusters as well as independent films.
ASU's vibrant campus in Downtown Tempe fuels intellectual curiosity.
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Parks emphasize a variety of activities, and a mountain is a short drive away
Residents of Downtown Tempe can get outdoors to enjoy the waterfront and landlocked parks alike. Tempe Town Lake, an artificial reservoir, offers flood protection and makes for a great weekend afternoon with its walking paths and boating areas. Folks can rent canoes or ride scooters at Tempe Beach Park. The park has one of the best views for cyclists, who can bike along the bridge from one shore to the other. “A” Mountain, named for the giant “A” embedded into the mountainside, is a popular hiking area. The highest point provides a panoramic view of ASU’s campus. Although it sounds like the kind of destination that requires a short drive, the mountain is actually on the north side of town and immediately south of the river.
Embrace wellness and vitality in the heart of Downtown Tempe.
Those wanting something to do indoors aren’t left out. Two significant institutions serve as landmarks showcasing Tempe’s artistic influence and culture. The first is the Tempe Center for the Arts, which has featured works from 2,500 local and national artists over the years and continues to offer free admission to its gallery. Aspiring professionals can showcase their talent in various ways through the center by displaying their work as one of 250 artists rotating annually or by giving talks and workshops. The second is the ASU Art Museum, another weekend favorite. Many of its seasonal exhibitions focus on cultural appreciation. Its featured collection of Latinx works contains contemporary art from the 1980s to the 2000s and historic Latin American prints.
Dining options are varied
Mill Avenue is a hub of entertainment and development. Hayden Station was recently renovated into The Arbor, an experimental office space emphasizing wellness. The local Valley Art Theater is a staple of Downtown Tempe entertainment with an attached restaurant, Mr. Mesquite Taqueria. The Low Key Piano Bar offers an equally chill evening. As the name suggests, live music is its forte, with pianists taking requests and “battling” one another. Folks can start their day at Snooze, a breakfast spot serving classics such as pancakes and eggs Benedict. Locals choose from a wide range of craft beers at Four Peaks Brewing Company for something more potent than coffee. Weekly groceries are available at the Whole Foods Market on University Drive.
Savor craft brews and great times at Four Peaks Brewing Company in Downtown Tempe.
Stroll down Mill Ave and immerse yourself in Downtown Tempe's charm.
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Spanish, Pueblo influences aren't hard to find
Downtown Tempe’s sun-baked, grid-like residential streets wrap around and exclude campus buildings. Single-family homes and apartments mix on streets wide enough for parking. Prospective buyers will find ranch-style homes with small front yards and single-car driveways. These sell between $330,000 and $650,000. Condo units are also available for buyers who want to live the mid-rise lifestyle. Smaller, two-story buildings with Pueblo and Spanish eclectic elements sell for between $220,000 and $450,000, while luxury, two-bed, high-rise units with views of Tempe's Salt River can reach $1 million or more. Off-campus housing rentals are ideal for ASU students, varying in price and style like their condominium counterparts.
Downtown Tempe's diverse homes cater to every lifestyle and taste.
Experience the allure of ranch-style living in the heart of Downtown Tempe.
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Light rail system gives commuters another option
Commuters deal with the typical downside to city living. “Traffic is brutal, and it’s been brutal forever, mostly because ASU is so big and still expanding,” Carlson says. Metro Valley Rail is an option with a light-rail system that stretches more than 25 miles, making nine stops in Tempe. “I do think Downtown Tempe is a great place to be if you’re OK with a young crowd,” says Carlson. “You’re two minutes from the airport, it’s a fantastic place to be.” Sky Harbor International Airport is 4 miles away, and it’s only another 4miles to Phoenix.
Alameda's proximity to major businesses creates excellent job opportunities for residents.
Experience seamless travel in Downtown Tempe with the light rail system.
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Local schools include a 75,000 student university
Students can attend the Cecil Shamley School for kindergarten through eighth grade. Niche gives the school a C-plus overall. Tempe High rounds out the list with a C-plus and various extracurriculars like a wrestling club and a mock trial club. About 75,000 students attend ASU, less than a mile away.
The expansive entrance of Laird Elementary School in North Tempe welcomes students daily.
Tempe High School has earned numerous academic, artistic, and athletic awards over the years.
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Crime in Downtown Tempe
Crime in Downtown Tempe is higher than the national average. According to the CAP Index’s predictive score algorithm, Downtown Tempe reaches an 8 on a 10-point scale. This is compared to the national average of a 4 out of 10.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Are you familiar with the Downtown Tempe neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
Downtown Tempe
US
Homicide
7
4
Sexual Assault
7
4
Assault with Weapon
6
4
Robbery
5
4
Burglary
8
4
Motor Vehicle Theft
8
4
Larceny
6
4
Crime Score
6
4
Source: WhatIsMyCrimeRisk.com
Downtown Tempe Demographics and Home Trends
On average, homes in Downtown Tempe, Tempe sell after 69 days on the market compared to the national average of 53 days. The median sale price for homes in Downtown Tempe, Tempe over the last 12 months is $450,000, down 8% from the median home sale price over the previous 12 months.
Discover urban living at its finest in this 882 sq. ft., one-bath loft at The Lofts at Orchidhouse. Perfectly blending walkability, sustainability, and vibrant community, this stylish space boasts warm wood floors, soaring 11 foot ceilings, large operable windows, exposed ductwork and unique ''live/work'' zoning. With luxury finishes and a modern industrial-urban flair, this remodeled space is
INVESTOR ALERT - 1031 READY - TENANT IN PLACE! This exceptional Tempe townhome also qualifies for a RARE $7,282 FREE lender credit through the Federal Reinvestment Act, giving buyers a valuable opportunity to reduce closing costs or secure a rate buy down. This impressive 3-story corner-unit Brownstone offers 2 beds, 2 baths, and 1,218 sq ft of light-filled living with BRAND-NEW AC, NEW WINDOWS,
***QUALIFIED BUYERS MAY RECEIVE UP TO AN ADDITIONAL $35,000 IN DOWN-PAYMENT ASSISTANCE*** incredible home and opportunity is only available to first-time home-buyers (have not owned a home in the last 3 years or ever) who meet income criteria based on household size (less than) 1-$94,250 2 -$107,700 3 - $121,200 4 -$134,650 5 - $145,400 6 - $156,200 7 - $166,950
Live in the heart of Downtown Tempe in this stunning 1,932 sf, 3rd Floor, corner loft at the iconic Orchidhouse. Soaring 11 foot ceilings frame this stylish unit, featuring expansive operable windows and rich wood flooring. The sleek, modern kitchen boasts a stainless steel island and top-tier appliances -- creating an inviting space perfect for calling home. With 2 bedrooms and 2 bathrooms, and
Westmount at Downtown Tempe is where comfort and convenience come together effortlessly - just 15 minutes from Phoenix. Picture yourself enjoying thoughtful amenities and renovated interiors while enjoying a bikeable location. Whether it's quick commutes, breezy rides, or the vibrant energy of the surroundings, everything you need to feel inspired is right here. Life within our community is all
Westmount at Downtown Tempe is where comfort and convenience come together effortlessly - just 15 minutes from Phoenix. Picture yourself enjoying thoughtful amenities and renovated interiors while enjoying a bikeable location. Whether it's quick commutes, breezy rides, or the vibrant energy of the surroundings, everything you need to feel inspired is right here. Life within our community is all
Available January 1, 2026 Luxury Living in the Heart of Tempe!Experience upscale living at 525 Town Lake. This elegant residence features a spacious open floor plan and abundant natural light throughout. Step just outside your door to the sparkling community pool, offering a true resort-style experience right at home. Perfectly situated near Tempe Town Lake, Mill Avenue, ASU, and premier
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