$476,260Average Value$372Average Price per Sq Ft59Homes 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 71 days on the market compared to the national average of 56 days. The median sale price for homes in Downtown Tempe, Tempe over the last 12 months is $450,000, down 6% from the median home sale price over the previous 12 months.
2-bedroom, 2-bath condo on the 2nd floor near ASU! Features include new carpet, fresh interior paint, and a new hot water heater. Conveniently located near shopping, dining, and major freeways.
Experience the best of Tempe living in this stylish townhome just minutes from ASU, Tempe Town Lake, Mill Ave, and the city's most vibrant dining, culture, and outdoor spaces. Thoughtfully designed for comfort and convenience, the open great-room layout creates an inviting flow from the living area to the dining space and kitchen, with natural light enhancing the home's warm, modern feel. Sliding
Fully remodeled 2-bedroom, 2-bath single-level unit in a prime Tempe location. This light and bright home features an open layout with 9' ceilings and a cozy fireplace anchoring the living room. The updated interior offers modern finishes throughout, creating a clean and inviting space perfect for everyday living or entertaining. Enjoy the convenience of a spacious 2-car garage and easy,
Welcome to Tempe—where lifestyle meets location.This light-filled condo serves up an open, airy layout with tall ceilings, clean tile flooring, crown molding, and a vibe that's equal parts chill and functional.The kitchen keeps it sleek with granite counters and backsplash, matching appliances, and plenty of cabinet space. The primary suite features a spacious ensuite with dual vanities and
''Skye 15 Lofts'' is an architectural gem nestled in the Riverside-Sunset neighborhood just west of Mill Avenue in vibrant Downtown Tempe. Designed by Baldinger Studio, this spacious 2-bedroom, 2.5-bath loft showcases a distinctive modern aesthetic with open and inviting floor plans, exposed block construction, an open-riser steel staircase, and sleek European-style cabinetry of wood &
Incredible investor opportunity in the heart of Tempe's Waterfront District at River Run Condos. This unit features stacked laundry machines and an updated, peaceful back yard that does not border a busy road. Both bathroom vanities have been re-done within the past 3 years. Walking distance to Tempe Town Lake, Tempe Beach Park, the Center for the Arts and much more, this is a location that every
This stylish loft at Orchidhouse features soaring 11-ft ceilings and abundant natural light from its third-floor windows. The gourmet kitchen includes a large island and ample cabinetry, ideal for cooking and entertaining. Custom low-voltage lighting and built-in cabinetry run throughout the loft, including a convenient Murphy bed.Currently configured as a spacious 1-bedroom, 2-bath, the
Conveniently located Townhouse in the heart of Tempe, gated community features; tandem 2 car garage, balconies are pool view orientation, 2 bed 2.5 bath with tile floors, laminated hardwood in the rest of the property. Surround sound and security systems are prewired, open kitchen with granite countertop, master bedroom. The property has been freshly painted, ready to be enjoyed. Excellent
Seize an exceptional opportunity to own a versatile 4-bedroom, 2-bath home w/ brand new AC UNIT, in a highly desirable location just minutes from Arizona State University—making it ideal for owner-occupants, student housing, or long-term rental income.A charming curb appeal welcomes you with a 2-car garage, fenced front yard with natural grass, and a fragrant citrus tree that adds a touch of
Location, Location, Location. Light, bright, and well-maintained 2BD/2BA condo with a private entrance from the unit's 1-car garage. The first level features a convenient laundry room just inside the garage entry. Upstairs, the spacious great room offers large windows and access to a private balcony, with custom shutters in the living room and primary bedroom. The kitchen includes abundant
Luxury waterfront condominium located along Tempe Town Lake with mountain and city views. This spacious residence features an open concept floor plan with floor-to-ceiling windows, abundant natural light, and a seamless flow for entertaining. The kitchen offers granite countertops, rich cabinetry, modern appliances, and a large center island. The primary suite includes a spa-style bathroom with
High Demand Investor Opportunity at Hayden Square, steps from ASU's Tempe campus. This 2-bed, 2-bath condo offers a proven rental location in the heart of Downtown Tempe, ideal for steady student, faculty demand or corporate use. Bright open layout with vaulted ceilings, fireplace, stainless steel appliances, in-unit laundry, updated baths, and private patio. Easy walk to Mill Ave, light rail,
At The Local Apartments, our amenity-rich apartment community offers you a next-level lifestyle in our studio, 1, 2 & 3 bedroom apartments. Lavish extras combine with a sleek design to offer you a breathtaking living experience.Upscale benefits continue out your front door and into the community amenities. Take advantage of our top-notch offerings with endless opportunities to stay active or
Modern Townhomes near ASU. Located in the heart of downtown Tempe, The Roosevelt is within walking distance to Tempe Beach Park/Tempe Town Lake, Mill Avenue, Tempe Center for the Arts, Marquee Theater, and so much more! Beautiful pet-friendly townhomes that offer absolute privacy and the latest modern finishes. All units are 3-stories with modern & upgraded finishes throughout. 2-car garage has
Smith & Rio is surrounded by everyday conveniences and luxuries that draw you to the downtown scene. An unbeatable locale between Mill Avenues vibrant nightlife and Tempe Marketplaces ample collection of shopping and dining, Smith & Rio provides front row seating to all the hotspots including Tempe Town Lake, Papago Park, and Old Town Scottsdale.
Enjoy the best of downtown Tempe living in this inviting 2/2 condo at Hayden Square. The bright, open floor plan features soaring vaulted ceilings, a cozy fireplace, and a modern kitchen with stainless steel appliances-perfect for everyday living or entertaining. The spacious private primary suite offers an enclosed bath for added comfort, along with an additional bedroom, updated bathroom, and
Now Open! Experience elevated living at Shorehaven, a luxury high-rise apartment community overlooking the shoreline of Tempe Town Lake. Offering studio, 1, 2, and 3-bedroom residences, Shorehaven delivers modern, vertical living with breathtaking lakefront views, mountain backdrops, and skyline scenery from private balconies.Inside, homes feature smart-home finishes, premium materials, and floor
Step into a peaceful Tempe hideaway just minutes from ASU, where comfort meets charm. This inviting studio showcases easy-care tile flooring and elevated ceilings that enhance the sense of space and light. Start your mornings with scenic mountain views, surrounded by leafy trees and well-kept green spaces that create a calming atmosphere. Enjoy the added convenience of off-street parking and
Grandes Cortes is an apartment community designed especially for active lifestyles. And, you’ll find everything you want and need – including paid utilities – at an affordable price. That means no surprise expenses to worry about and no other fees! This 151-unit, pet-friendly Tiempo community offers studio and one-bedroom apartments in a park-like atmosphere with well-landscaped, spacious
Steps away from Mill Avenue and walking distance to ASU campus! Great Downtown Tempe location close to Loop 202 & 101, to I-10, to the light rail and to Phoenix Sky Harbor. Fabulous 3 bed/2 bath, courtyard facing, end-unit condo near Downtown Tempe at Hayden Square Condominiums. Open floor plan with high vaulted ceiling in great room with fireplace and balcony complete with storage room. Fresh
At Hudson on Farmer, you’ll find elegance with an edge. Our brand-new studio, one, and two bedroom apartments in Tempe, Arizona, bring you a private home full of personality. With hand-selected details and convenient amenities, your new, pet-friendly home in downtown Tempe seamlessly blends with your urban lifestyle. When you're not lounging at our resort-inspired swimming pool, explore all that
Welcome to this 1 bedroom, 1 bathroom garage apartment located at 1111 E University Dr Unit 237, Tempe, AZ. This well-located home is close to ASU and offers easy access to shopping, dining, entertainment, and major commuter routes. This home includes water, sewer, and trash, along with essential appliances including a refrigerator, dishwasher, washer, and dryer for added convenience. Enjoy
At our Arizona State University townhomes, you'll experience luxury lifestyle. From private garages to designer furniture, our community offers you the space and comfort to thrive. Lofts on 8th is a 4 Bedroom Townhome Community less than a mile from the ASU campus. Each townhome has a private, rooftop deck; attached 2-car garage, plus space for 2 more cars to park on your driveway; patio with
Studio style one bedroom at Freight Tempe Complex. gated setting -Custom build with Stacked washer/dryer in the unit. Lacquered hard wood flooring. Unique built in eating area as well as closets in the bedroom area. Stainless fridge with ice maker, dishwasher, oven stove. Floor to ceiling windows in the living area. water included with rent.
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