The story of this market
The typical home in Tempe, Arizona sells for about $522,500, or $335 per square foot.
Prices are down 3.2% from a year ago, which gives buyers more room to negotiate. Homes take about 52 days to sell. HUD's fair market rent for a two-bedroom is $1,616 a month.
Monthly price momentum
Home values since 2015
+0.5%
AZ · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Tempe, Arizona
Tempe's housing market shows signs of stabilization with a slight year-over-year decline in median sales prices for single-family homes. The market remains driven by its strong connection to Arizona State University and ongoing development in the tech and innovation sectors. While inventory remains tight, the city continues to attract interest due to its central location and robust amenity base.
No ARED county foreclosure postings attributed to Tempe yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).
Deterministic aggregate of 4 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved down 2.8% year over year.
Homes spend a median of 54 days on market with 3.5 months of supply — a fast-moving market.
30% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 15.8% — a stable, low-distress profile.
- Great Wolf Lodge | Arizona4.28.7 mi
- Arizona Grand Resort & Spa4.34 mi
- Salt River Tubing4.720.7 mi
- Castles N' Coasters4.314.5 mi
- Pecan Lake Entertainment4.222.4 mi
- State Farm Stadium4.619.9 mi
- Desert Botanical Garden4.82.5 mi
- Chase Field4.67.4 mi
- Mortgage Matchup Center4.67.7 mi
- Casino Arizona4.13.7 mi
- Desert Botanical Garden4.82.5 mi
- Phoenix Zoo4.51.7 mi
- Casino Arizona4.13.7 mi
- OdySea Aquarium4.59.6 mi
- Great Wolf Lodge | Arizona4.28.7 mi
- Desert Botanical Garden4.82.5 mi
- Hole in the Rock4.72.2 mi
- Musical Instrument Museum4.916.9 mi
- McCormick-Stillman Railroad Park4.87.8 mi
- Phoenix Art Museum4.78.2 mi
- Desert Botanical Garden4.82.5 mi
- Papago Park4.72 mi
- Hole in the Rock4.72.2 mi
- McCormick-Stillman Railroad Park4.87.8 mi
- Dobbins Lookout4.88.8 mi
- Tempe Town Lake4.70.8 mi
- North Shore Beach4.50.6 mi
- Tempe Town Lake4.70.8 mi
- Arizona Grand Resort & Spa4.34 mi
- Topgolf Scottsdale4.58.8 mi
- Topgolf Gilbert4.513.6 mi
- TPC Scottsdale PGA4.715 mi
- TPC Scottsdale Champions Course4.514.9 mi
- Arizona Mills4.43.3 mi
- Scottsdale Fashion Square4.65.4 mi
- Chandler Fashion Center4.58.9 mi
- Tempe Marketplace4.62.3 mi
- Phoenix Premium Outlets4.59.7 mi
- Phoenix Sky Harbor International Airport4.34.1 mi
- Mesa Gateway Airport4.418.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A massive municipal park offering extensive hiking and equestrian trails with panoramic views of the valley.
A central urban lake providing recreational boating, fishing, and walking paths that serve as a major community anchor.
The historic heart of Tempe featuring a high density of restaurants, nightlife, and retail catering to students and professionals.
A large open-air retail center featuring major national brands, dining, and entertainment venues.
A scenic desert park known for its unique red sandstone formations and proximity to the Desert Botanical Garden.
A large community park featuring a lake, recreation center, and sports facilities that support local family activities.
A major indoor outlet mall and entertainment complex serving the broader region.
The city is served by major highway corridors including I-10 and Loop 202, with extensive public transit connectivity via light rail and bus networks.
Tempe's economy is anchored by Arizona State University and a growing technology sector, supported by a robust mix of retail and service industries.
The city is actively pursuing high-density infill projects and mixed-use developments, particularly along the light rail corridor and near the university.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arizona) — Senior Property Valuation Protection Option (Senior Freeze): Provides a 'freeze' on the valuation of the property for tax purposes, limiting the growth of the property tax burden for eligible seniors. State (Arizona) — Arizona Property Tax Assessment: The tax is calculated by applying an assessment ratio to the property's Limited Property Value (LPV). For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Arizona Property Tax Assessment: Property tax is calculated using the formula: (Full Cash Value or Limited Property Value) x Assessment Ratio = Net Assessed Value. The Net Assessed Value is then multiplied by the local tax rate. For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Delinquent Property Tax Lien Sale and 3-Year Redemption Foreclosure: The county treasurer sells a tax lien certificate via public auction to the investor bidding the lowest annual rate of interest (ranging from 16% down to 0% per annum under A.R.S. § 42-18114). State (Arizona) — Statutory Residential Homestead Exemption: Exempts up to $400,000 of equity in an owner-occupied primary dwelling from attachment, execution, and forced sale arising from unsecured civil judgment liens.
Data retrieved from US Census Bureau ACS estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
applies when — Applies to all development of land conditions that may affect drainage systems and patterns.
Imposes requirements on development projects to manage drainage systems and patterns to prevent flooding and erosion.
Applicable to all development projects impacting drainage.
Requires uniform identification of developed property and improvements for emergency services, record keeping, and postal delivery.
Standardized regulation for all developed property.
applies when — Applies only to parcels located within the boundaries of specific special taxing districts (e.g., Irrigation Water Delivery Districts, SLIDs).
Imposes additional tax levies or per-acreage assessments on top of the primary property tax. For example, some districts charge on a per-acreage basis while others use a rate per $100 of valuation.
Rates and levies are established annually by the specific district.
Controls the use of outdoor artificial illuminating devices to minimize light pollution and protect astronomical observations.
Incorporated into Section 812 of the Maricopa County Zoning Ordinance.
Regulates land use, growth, and development in unincorporated areas to promote public health, safety, and general welfare.
Governs all unincorporated land within the county.
The tax is calculated by multiplying the Limited Property Value (LPV) determined by the County Assessor by the primary tax rate. The rate is derived by dividing the total primary tax levy by the total assessed value of all property within the jurisdiction. For example, a primary tax increase can raise taxes on a $100,000 home from $113.85 to $115.91.
Rates are set annually in August pursuant to A.R.S. § 42-17151.
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.