$473,194Average Value$376Average 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 72 days on the market compared to the national average of 55 days. The median sale price for homes in Downtown Tempe, Tempe over the last 12 months is $452,500, down 7% 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.
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 &
Stunning ground-floor unit. Breathtaking upgrades include quartz countertops in kitchen & granite in both baths, crown moldings & premium trim throughout plus en-suite rain shower. This split floor plan is nestled in a gated community featuring private parking & a one car garage with overhead storage. Former model is only unit with walkout access from its private gated patio to nearby pool/hot
Located within a mile of Arizona State University, Tempe Town Lake, Phoenix Sky Harbor International Airport, and the Mill Avenue District, this condo offers unbeatable convenience.This 3-bed, 2.5-bath home features a rare 3.5-car garage with secure, gated underground access--perfect for storage, bikes, or a long-bed truck. The main level includes the kitchen, laundry, half bath, and private
Cozy townhome nestled in a quiet and unique neighborhood, 5 mins drive to ASU. It has 3 bedrooms and 3 baths, spacious living room with balcony, brand new kitchen cabinets with self closing draws and counter top, new dishwasher. Laminated and tile floor, new interior paint, EV charger in garage. This home has everything you need, perfect for family and college students.
Seize the chance to own this charming 2-bedroom apartment unit in River Park Villas Condominiums! You're welcomed into an inviting living room with a soothing palette and wood-look flooring that exude timeless appeal. The well-appointed kitchen comes with solid surface counters, white shaker cabinets, recessed lighting, stainless steel appliances, and a peninsula with a breakfast bar for casual
Great opportunity for a 1 BR upstairs unit with its own laundry. Balcony views, easy pool access, laminate and tile floors. All appliances included. Stone's throw from ASU campus, Tempe Town Lake and Marketplace, shopping, freeway access, bike and bus paths. One covered parking spot.
Urban living at its finest! Enjoy Tempe Beach Park & the Mill Ave Bridge Firework Show directly from your balcony. In a gated community, this 3rd Fl, Corner Unit has lots of windows and expansive views. New flooring/paint/light fixtures and more in March 2026. This 2 BR / 2 BA condo is filled with natural light and has a functional flow. The bedrooms are on opposite sides of the living area
Positioned in the heart of Tempe, this rare 3-bedroom townhome offers the ideal balance of location, comfort, and everyday convenience. Just minutes from ASU, Mill Avenue, and some of the area's best dining, shopping, and entertainment, you're right where you want to be. Inside, the thoughtfully designed layout creates flexibility for a variety of living situations, with two primary suites
HIGH-DEMAND TEMPE LOCATION WITH STRONG RENTAL APPEAL! Charming impeccably maintained 2 bed, 2 bath condo at the end of a desirable tree-lined street--just minutes from ASU, Tempe Town Lake, Tempe Marketplace and Freeway access. Major updates already done: NEW A/C, NEW roof, NEW flooring, NEW interior paint, and NEW refrigerator--reducing future expenses and increasing value. Ideal for
Spring Opportunity! Just the right size 4 bedroom + 2 bath home on a beautiful, park-like, irrigated cul-de-sac lot. Feel cooler with grass and trees. Wood laminate flooring and custom concrete floors. Kitchen with quartz countertops, stainless appliances - gas range, refrigerator, dishwasher, breakfast bar, RO system. Two Full Baths. Office/Den overlooking backyard. Fabulous backyard with
Mary Ann KinsmanRealty Executives Arizona Territory
A world of comfort and convenience is yours when you make Salado Springs your home. This spacious two-bedroom unit is Ideally situated near Mill Ave, ASU, Sky Harbor, and minutes from downtown Phoenix. We have excellent freeway access and located right off the Rio Salado Parkway. You'll be impressed with Salado Springs and happy to make this community your home. Our amenities provide our
A world of comfort and convenience is yours when you make Salado Springs your home. This spacious two-bedroom unit is Ideally situated near Mill Ave, ASU, Sky Harbor, and minutes from downtown Phoenix. We have excellent freeway access and located right off the Rio Salado Parkway. You'll be impressed with Salado Springs and happy to make this community your home. Our amenities provide our
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
Experience elevated student living just moments from Arizona State University. This beautifully appointed 5-bedroom, 3.5-bath residence on S Newberry Lane offers the perfect balance of space, functionality, and location. Designed with modern living in mind, the home features two expansive primary suites, ideal for maximizing comfort and privacy among roommates. The partially furnished interior
Live Brilliantly! Skyglass Apartments captures Seattle's ever-changing light in unique ways, offering residents a new perspective of South Lake Union and the cityscape from our studio, one, two, and three-bedroom apartment homes. Inside, the tower's airy, bright spaces are infused with style and design, and its amenities invite socializing and relaxation. Say hello to your future in the sky today!
Location! Location! Location! This condo's location, just off of Mill Avenue in between 3rd and 5th St, makes it ideal for families, ASU students, young professionals and anyone who likes to be within walking distance of shops, restaurants, businesses, Tempe Town Lake, hiking trails, the Light Rail, ASU and other fun activities. It is a spacious unit with 3 bedrooms, 2 full baths, 1 fireplace, 3
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 plans
Arizona State University 1.5 miles away! Tempe condo - 2 bedrooms and 2 full baths. Rare to come on the market for sale. Covered parking, includes water and trash fee. Black kitchen appliances, white washer/dryer all included (indoor laundry). Granite kitchen counter tops. Tile flooring in main areas, carpet in bedrooms. Community pool. Walking distance to bus stop and the light rail. Close to
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
Stunning former model home in the heart of Downtown Tempe! This beautifully upgraded 3-bedroom, 3-bath tri-level townhouse offers modern design, functional living space, and an unbeatable location. Thoughtfully designed with high-end finishes, custom touches, and abundant natural light throughout, this home truly stands out. The open-concept main living area features a spacious layout perfect for
We offer a variety of spacious 1, 2, and 3-bedroom floor plans with convenience and comfort in mind. Our pet-friendly community features amenities that you can enjoy with ease. When youre ready to explore the city youll have easy access to shopping centers, entertainment, and plenty of restaurants. Light Rail access, ASU campus, Mill Avenue, Tempe Town Lake, and 202 freeway access are all just a
Bridgeview at Tempe Town Lake 2 Bedroom and 2 Bathroom, This amazing unit features views of the Pool and Camelback Mountain. This updated 2-bed, 2-bath split plan offers privacy with the primary and guest suites on opposite sides of a grand open great room. A stunning kitchen open to the living room. There is a new AC Unit, new carpeting, new built-in Jennair refrigerator & dishwasher, custom
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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