The story of this market
The typical home in ZIP 85282 sells for about $499,000, or $335 per square foot.
Prices are down 3% from a year ago, which gives buyers more room to negotiate. Homes take about 54 days to sell. HUD's fair market rent for a two-bedroom is $1,600 a month.
ZIP 85282 — Tempe
The 85282 housing market shows a median listing price of $499,000 with a stable inventory of 173 active listings. While year-over-year prices have seen a slight decline of 3.0%, the area maintains steady demand driven by its central location and proximity to major employment hubs. Renters continue to represent a significant portion of the market, supporting a healthy rental environment.
This ZIP is ideal for young professionals, university students, and commuters who prioritize proximity to employment hubs and urban amenities over large-lot suburban living.
Median prices moved down 3.0% year over year.
Homes spend a median of 54 days on market with 4.2 months of supply — a fast-moving market.
35% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 14.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 85282, Maricopa County AZ
Crime trends in Tempe are generally consistent with regional urban averages for the Phoenix metropolitan area, with property crime being the primary concern.
Schools serving the area are part of the Tempe Elementary and Tempe Union High School districts, which maintain a mix of ratings reflecting the diverse urban student population.
The area faces typical desert climate risks, primarily extreme heat and occasional flash flooding during monsoon season; property insurance premiums are influenced by regional wildfire and heat-related risk assessments.
The area benefits from proximity to Arizona State University and major corporate hubs in Tempe, driving consistent demand for housing and mixed-use redevelopment.
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.
Residents benefit from central access to the Loop 101 and 202 freeways, with significant transit connectivity via the Valley Metro light rail system toward downtown Phoenix and Scottsdale.
The area is anchored by Tempe Town Lake and features extensive park systems, including the Kiwanis Park complex, with abundant shopping and dining options along the Mill Avenue corridor.
The rental market is highly active due to the large student population and proximity to major employers, with steady demand and moderate vacancy pressure.
The economy is heavily influenced by Arizona State University, technology firms, and corporate regional headquarters, creating a robust employment base.
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Ongoing redevelopment of older commercial sites into high-density residential and mixed-use projects is the primary development trend.
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Parcels are subject to standard municipal and county taxes, with some areas potentially falling under specific improvement districts for infrastructure maintenance.
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Data retrieved from US Census Bureau ZCTA 85282 profiles.
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.
- Great Wolf Lodge | Arizona4.211 mi
- Arizona Grand Resort & Spa4.32.3 mi
- Castles N' Coasters4.316.5 mi
- Andretti Indoor Karting and Games Chandler4.310.4 mi
- Golfland Sunsplash4.25.6 mi
- Desert Botanical Garden4.85 mi
- Chase Field4.68.5 mi
- Mortgage Matchup Center4.68.8 mi
- Casino Arizona4.15.3 mi
- Phoenix Convention Center4.58.7 mi
- Desert Botanical Garden4.85 mi
- Phoenix Zoo4.54.2 mi
- Casino Arizona4.15.3 mi
- OdySea Aquarium4.511.9 mi
- Great Wolf Lodge | Arizona4.211 mi
- Desert Botanical Garden4.85 mi
- Hole in the Rock4.74.7 mi
- Musical Instrument Museum4.919.4 mi
- McCormick-Stillman Railroad Park4.810.2 mi
- Phoenix Art Museum4.79.6 mi
- Desert Botanical Garden4.85 mi
- Papago Park4.74.5 mi
- Hole in the Rock4.74.7 mi
- Dobbins Lookout4.87.8 mi
- McCormick-Stillman Railroad Park4.810.2 mi
- Arizona Grand Resort & Spa4.32.3 mi
- Topgolf Scottsdale4.511 mi
- Topgolf Gilbert4.512.1 mi
- Papago Golf Club4.35.2 mi
- Dobson Ranch Golf Course4.63.4 mi
- Arizona Mills4.41.8 mi
- Scottsdale Fashion Square4.67.8 mi
- Chandler Fashion Center4.56.4 mi
- Tempe Marketplace4.63.6 mi
- Phoenix Premium Outlets4.57.4 mi
- Phoenix Sky Harbor International Airport4.35.4 mi
- Mesa Gateway Airport4.417 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major recreational hub for boating, walking, and community events.
Large municipal park featuring a recreation center, lake, and sports fields.
The historic and commercial heart of Tempe with high density of retail and nightlife.
Key-figure check: median price corroborated by the published ten-year series (2024) (within 12.5%).