$472,520Average Value$377Average Price per Sq Ft80Homes 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 61 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 $449,500, down 3% from the median home sale price over the previous 12 months.
1426 E Williams St is a residence with a functional layout and modern finishes throughout. The kitchen features stainless steel appliances, creating an efficient and well-equipped cooking space. A covered patio extends the living space outdoors, with a storage shed adding extra utility for everyday use. This residence combines practical design with comfortable living spaces, delivering functional
Prime Tempe location! Welcome to Millstone, a highly sought-after community just a short walk to Mill Avenue, and only minutes from Arizona State University (ASU), Tempe Town Lake, Downtown Tempe, and Phoenix Sky Harbor International Airport. Whether you're looking for a primary residence, lock-and-leave second home, or investment property, this home offers exceptional value and location. This
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.
A most desirable choice at The Lofts at Orchidhouse in Tempe! This 2 bedroom, 2 bath condo used as a one bedroom, on the fifth-floor is a spacious unit with soaring ceilings & hard wood floors & expansive high windows that frame gorgeous views & provide natural light. Currently configured as a one bedroom but can easily be converted to 2 bedrooms. Included are 2 parking spaces in a secure
Welcome to Tempe--where lifestyle meets location.This LAKEFRONT 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 walk-in
Enjoy the best of Tempe in this upscale contemporary loft in the heart of Mill Ave. This fourth floor unit is the definition of walkable--all of the outdoor activities at Tempe Town Lake, the shops and restaurants on Mill, and ASU are steps away. Featuring 11' ceilings, an open concept living room, modern kitchen and ensuite bedroom, its finishing touches include large windows, red brick, exposed
This absolutely STUNNING, one of a kind, designer Loft at the Orchidhouse shows as well as it did when it was featured in 'Desert Living' Magazine! Offering Downtown Tempe living at it's absolute finest, this 2 bedroom, 1.5 bathroom, modern dwelling places you right in the heart of shopping, dining, theatre, sports, and the cultural center! Completely Move In Ready... wood style flooring and tile
Don't miss this incredible opportunity in the heart of Tempe's Waterfront District at River Run Condos. Equipped with a brand new AC Unit as of July 2026, 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
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
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
This 3-bedroom, 2-bathroom home with a functional carport combines sleek, low-maintenance finishes with an unbeatable, highly accessible location. The interior is defined by a bright open floor plan with tile flooring, ensuring a seamless, carpet-free environment that stays cool in the desert climate. The updated kitchen is both stylish and functional, boasting premium granite countertops and a
Welcome to one of the most exclusive penthouse opportunities in the Valley. Perched atop Bridgeview at Hayden Ferry Lakeside, this rare 12th-floor residence offers 4 bedrooms, 4.5 bathrooms, & 3,783 SF of fully renovated, two-story living. Positioned at one of the highest vantage points on Tempe Town Lake, it captures panoramic views of Hayden Butte (A Mountain), Camelback Mountain, the Papago
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
Prime Tempe location just minutes from ASU! Spacious 3-bedroom, 2.5-bath single-family home with an attached 1-car garage, private covered patio, and no neighbors above or below. The functional floor plan offers generous living space, large bedrooms, and plenty of storage. Recent updates include a remodeled kitchen and bathrooms, new kitchen appliances, new washer and dryer, epoxy garage floor,
Vero captures and amplifies the new spirit of Tempe, blending modern style with comfort and convenience to create a living experience that is equal parts high-tech and high-touch. Our studio, one-bedroom, and two-bedroom homes feature a clean, modern design that reflects their location in the heart of the Innovation Corridor blocks from Downtown Tempe and just across the street from Desert
Smith & Rio is surrounded by everyday conveniences and luxuries that draw you to the downtown scene. An unbeatable locale between Mill Avenue's vibrant nightlife and Tempe Marketplace's 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.
Located just off the University Drive and about a mile from Mill Avenue, Paseo on University is close to the growing Marina Heights and Tempe Town Lake. Here, you will choose your home from a selection of one- and two-bedroom floor plans, all with the finishing touches in place. Each unit at Paseo features contemporary furnishings and modern designs in our common areas. Take a dip in one of our
At Hudson on Farmer, you'll find a perfect blend of elegance and convenience, designed with ASU students in mind. Our brand-new studio, one, and two-bedroom apartments in Tempe, Arizona, offer a private, personalized space that complements your busy student lifestyle. With carefully selected details and top-notch amenities, our pet-friendly community is the ideal home base for students looking to
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
Welcome home to Studio 710, We are located in Tempe, Arizona with easy access to Interstate 10 and the Red Mountain Freeway. Our location is only a short distance from Arizona State University and Sky Harbor Airport. We are in close proximity to many nearby restaurants, entertainment, and shopping venues. You and your family will love Tempe Center for the Arts and the Phoenix Zoo which are both
COMFORTABLE, AFFORDABLE LIVING - WE GET IT! PLUS FREE COX INTERNET on select units! Welcome to University Pointe, just steps from ASU!! University Pointe provides off campus apartment rentals with several communities along Lemon Street just east of Rural Rd. Studio's, One bedrooms and Two bedrooms available for Immediate move in! Come relax poolside at our newly remodeled resort style pool and
Riverside Luxury Living in Tempe, AZ offers the perfect blend of modern comfort, resort-style amenities, and an unbeatable downtown location. Nestled near Tempe Town Lake, Mill Avenue, and Arizona State University, it places you at the center of dining, entertainment, outdoor recreation, and everyday convenience. Residents enjoy stylish apartment homes with contemporary finishes, thoughtfully
Live where comfort meets style just minutes from ASU. At The Hyve, our amenity-rich apartment community is designed for ASU students, offering a next-level lifestyle in our studio, 1, 2 & 3 bedroom apartments. Enjoy sleek design and lavish extras for a truly unique living experience. Step outside and discover a community filled with top-notch amenities, perfect for staying active or unwinding in
Located in the heart of Tempe's Mill Avenue District, West 6th places you within walking distance of dining, recreation, entertainment, and shopping. Immerse yourself in the Tempe lifestyle as you enjoy our upscale and pet-friendly community near ASU, Tempe Town Lake, A Mountain, and so much more.West 6th offers an upscale living experience within a vibrant and inclusive community. Our
Redefine your urban lifestyle with the premium features and resort-style amenities at The Piedmont. Located near Arizona State University, downtown Tempe is less than a mile from your new studio, one, two, or three bedroom home. If you’re looking to hike, bike, or explore the local hot spots of the East Valley, The Piedmont makes the perfect central location. Whether you’re relaxing on the
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
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