Tempe, AZ Housing Market & City Data

Explore key insights and real experiences from people who call Tempe home. Use the data below as a starting point to compare and discover what makes this city a great place to live.

5.0
Average City Rating
195,805
Population Estimate
$272,077
Median Home Value
94.9%
Employment Rate
46.6%
Bachelor's Degree+

Tempe City Reviews

Real experiences from people who call Tempe home.

5.0
(1 Reviews)

Juan C

Tempe, Arizona, the city about lifestyle! Tempe has some of the country's best weather, there is nothing like taking in an Arizona State University Football game at Sun Devil Stadium during our hot summer nights. A favorite spot amongst college students and young adults living in Tempe, AZ is the iconic Tempe Downtown District or Mill Ave (as the locals call it). A simple walk through Mill Avenue District one can easily witness the variety of atmosphere in a single block. From Students shopping with mom and dad's money to executives on a quick lunch break, Mill Ave offers something for everyone. With over 100 restaurants, nightclubs and retail shops, Downtown Tempe is also the supplier of more than 20,000 jobs in the area. The entertainment district is the only walk able urban atmosphere in the Valley. Home to retailers only found on Mill Ave, talented street musicians, and exciting mix of interesting people and one of kind restaurants you have never experienced. Downtown Tempe has long earned its frame as a lively atmosphere, a great place to find fun in the sun, and pleasures after dark. Mill Ave offers a variety of things to do beyond the miles of the district. Do not forget to stop by Tempe Town Lake for a walk, run, kayaking, paddle boating, fishing, or a firework show. Tempe is a frequent travel destination for people across Arizona, the Nation, and the world!

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Housing & Demographic Overview

Key insights about the community

Data as of September 2026

HOUSING DATA (September 2026)

Median Price per SqFt$320
Median Listing Price$469,900
Median Days on Market57
Active Listings491
New Listings132
Total Listings (Active + Pending)578
Avg Listing Price$576,839
Avg Listing Price Change MoM-3%
Avg Listing Price Change YoY-13%

HOUSEHOLD OVERVIEW

Family Size3.08
Family Dual Income56.7
Median Household Income$57,994
Median Individual Income$30,221
Home Ownership40.6%
Home Value$272,077
Median Rent$1,164
Rent Burden31.3%
Poverty19.8%

EDUCATION, GENDER & MARITAL STATUS

EDUCATION

  • No Highschool Degree or GED6.8%
  • Highschool Education14.5%
  • Some College32.2%
  • Bachelors Degree27.0%
  • Graduate Degree19.6%
  • Total College or Above46.6%
  • Stem Degree48.6%

GENDER BREAKDOWN

  • Male52.5%
  • Female47.5%

MARITAL STATUS

  • Married30.8%
  • Divorced12.0%
  • Never Married53.9%
  • Widowed3.2%

CITY DATA & AGE BREAKDOWN

CITY DATA

CityTempe
State IDAZ
Population195,805

AGE BREAKDOWN

Age Group% of Population
Under 1821.5%
19–2929.6%
30–3915.0%
40–499.6%
Age Group% of Population
50–599.5%
60–698.6%
70–793.9%
80+2.3%

WORKFORCE, ETHNICITY & OTHER

WORKFORCE

Labor Force Participation69.1%
Unemployment Rate5.1%
Disabled9.4%

ETHNICITY

White68.3%
Black6.9%
Asian9.0%
Native American2.5%
Pacific Islander0.4%
Other8.3%
Multiple4.6%

OTHER

Hispanic22.2%
Limited English4.3%
Health Uninsured8.8%
Veteran5.5%

Local Discussions

Community questions and conversations about living in Tempe, AZ.

  1. Is Tempe, AZ a good place to buy a house?

    Local perspectives on Tempe home prices, buyer demand, neighborhoods, and what to consider before buying a home.

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  2. What are the best neighborhoods in Tempe, AZ for families?

    Local insights on Tempe neighborhoods, schools, parks, commute times, and other factors families may want to consider.

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  3. What should home buyers know about the Tempe, AZ housing market?

    Local insights on Tempe home prices, housing inventory, buyer competition, and current real estate market conditions.

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  4. Is it better to buy or rent a home in Tempe, AZ?

    Compare Tempe home prices, rents, monthly housing costs, and other factors that can affect the decision to buy or rent.

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  5. What are the most affordable neighborhoods in Tempe, AZ?

    Explore Tempe neighborhoods where home buyers may find more affordable housing options and better value for their budget.

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  6. How much income do you need to buy a house in Tempe, AZ?

    Learn how Tempe home prices, down payments, mortgage costs, and other expenses can affect how much income buyers may need.

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  7. How much are property taxes on a home in Tempe, AZ?

    Learn how Tempe property taxes are calculated and how they can affect the overall cost of owning a home.

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  8. What are the best neighborhoods in Tempe, AZ for first-time home buyers?

    Explore Tempe neighborhoods first-time home buyers may consider based on home prices, location, amenities, and lifestyle.

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  9. What is it like to live in Tempe, AZ?

    Local perspectives on Tempe neighborhoods, cost of living, weather, commuting, things to do, and everyday life.

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  10. What should I know before moving to Tempe, AZ?

    What newcomers should know about Tempe housing costs, neighborhoods, transportation, weather, and everyday expenses.

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Top Real Estate Agents in Tempe, AZ

Neighborhoods in Tempe, AZ

Get to know neighborhoods in Tempe, ordered by the number of properties in the provider sample.

  • The Lakes

    The Lakes ↗

    Median asking price
    $662,000
    / sq ft
    $287
    Active listings
    19
    properties in discovery sample
    30
    C

    Nearby schools · estimated

    5.3/10 · 4 schools

  • Peterson Park

    Peterson Park ↗

    Median asking price
    $389,000
    / sq ft
    —
    Active listings
    0
    properties in discovery sample
    27
    D

    Nearby schools · estimated

    3/10 · 3 schools

  • Holdeman

    Holdeman ↗

    Median asking price
    $174,900
    / sq ft
    $307
    Active listings
    3
    properties in discovery sample
    24
    D

    Nearby schools · estimated

    3/10 · 3 schools

  • Regatta Pointe Condominiums

    Regatta Pointe Condominiums ↗

    Median asking price
    $239,900
    / sq ft
    —
    Active listings
    Not available
    properties in discovery sample
    22
    D

    Nearby schools · estimated

    3.7/10 · 3 schools

  • Tempe

    Tempe Villages ↗

    Median asking price
    $175,000
    / sq ft
    —
    Active listings
    Not available
    properties in discovery sample
    21
    D

    Nearby schools · estimated

    3/10 · 3 schools

Data as of . Listing snapshots from Redfin; nearby-school rating estimates.

About these neighborhood estimates

Prices and counts describe active listings returned by the provider, excluding coming-soon and nearby search results. They are asking prices, not sold prices, and may not include every home for sale.

Nearby-school grades are FastExpert estimates from the average available ratings of unique public schools returned for sampled neighborhood properties. A: 8–10; B: 6–under 8; C: 4–under 6; D: 2–under 4; F: 1–under 2. Unrated schools are excluded. Nearby schools may not be assigned to a specific address.

Photos show identified local landmarks. Five neighborhoods are shown, ordered by property count. Median asking price breaks a tie.