The story of this market
The typical home in ZIP 85284 sells for about $742,000, or $310 per square foot.
Prices are up +6.86% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,899 a month.
ZIP 85284 — Tempe
The 85284 housing market remains resilient, characterized by high median home values and steady demand from affluent buyers. While listing velocity has shifted slightly, the area's strong school districts and proximity to major employment hubs continue to support pricing. Current data reflects a stable market environment with limited inventory.
This ZIP is ideal for established families and professionals who prioritize access to top-rated schools, proximity to major employment hubs, and a suburban lifestyle with convenient urban connectivity.
Median prices moved up 6.9% year over year.
Homes spend a median of 44 days on market with 3.2 months of supply — a fast-moving market.
15% 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 3.1% · poverty 4.2% — 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 7.6%/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 7.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 85284, Maricopa County, AZ
Tempe generally experiences crime rates consistent with other mid-sized urban centers in the Phoenix metro area, with property crime being the primary concern. Local law enforcement maintains active community policing initiatives to address safety in residential neighborhoods.
The area is served by highly-rated public schools within the Kyrene Elementary School District and Tempe Union High School District, which are frequently cited as a primary draw for families.
The region faces risks primarily from extreme heat and occasional flash flooding during monsoon season, necessitating standard home insurance coverage for wind and hail damage.
The area benefits from its proximity to the Arizona State University research corridor and major corporate hubs in Tempe and Chandler, driving steady demand for housing.
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 enjoy excellent access to the I-10 and Loop 101 freeways, providing efficient transit to major employment centers in Downtown Phoenix, Tempe, and the Chandler tech corridor.
The ZIP features proximity to the South Mountain Park and Preserve for hiking, as well as numerous local community parks, golf courses, and the shopping and dining amenities of the nearby Chandler Fashion Center.
The rental market is characterized by stable demand from professionals and families, with limited vacancy pressure and a mix of single-family home rentals and upscale apartment communities.
The local economy is anchored by the technology, education, and financial services sectors, with significant employment provided by Arizona State University and major corporate campuses in the surrounding Tempe-Chandler area.
The area is well-served by a network of major arterial roads and freeway access, with public transit options provided by Valley Metro bus routes connecting to the light rail system.
Development is focused on high-density mixed-use projects near transit corridors and the revitalization of existing commercial centers.
The Maricopa County Assessor's office manages property valuations, utilizing a mass appraisal system that is updated annually based on market sales data.
Parcels are subject to various special districts, including the Kyrene Elementary School District, Tempe Union High School District, and local utility and flood control districts.
Property insurance premiums in the area are influenced by regional wildfire and heat-related risks, with most homes remaining insurable through standard carriers.
Arizona continues to see positive net domestic migration, driven by job growth and a relatively lower cost of living compared to coastal markets.
Arizona is primarily a non-judicial foreclosure state, allowing for a streamlined process under the deed of trust framework.
Sellers are required to provide a comprehensive Residential Seller's Property Disclosure Statement (SPDS) detailing the condition of the property.
Data retrieved from data.census.gov using ZCTA 85284 profile.
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 | Arizona4.214.6 mi
- Arizona Grand Resort & Spa4.33.3 mi
- Castles N' Coasters4.319.5 mi
- Pecan Lake Entertainment4.218.8 mi
- Andretti Indoor Karting and Games Chandler4.38.2 mi
- Desert Botanical Garden4.88.7 mi
- Chase Field4.610.7 mi
- Mortgage Matchup Center4.610.9 mi
- Casino Arizona4.18.6 mi
- Phoenix Convention Center4.510.9 mi
- Desert Botanical Garden4.88.7 mi
- Phoenix Zoo4.57.9 mi
- Casino Arizona4.18.6 mi
- Hole in the Rock4.78.3 mi
- Dobbins Lookout4.87.2 mi
- Desert Botanical Garden4.88.7 mi
- Hole in the Rock4.78.3 mi
- McCormick-Stillman Railroad Park4.813.9 mi
- Phoenix Art Museum4.712.1 mi
- Japanese Friendship Garden of Phoenix4.411.9 mi
- Desert Botanical Garden4.88.7 mi
- Papago Park4.78.1 mi
- Hole in the Rock4.78.3 mi
- Dobbins Lookout4.87.2 mi
- Japanese Friendship Garden of Phoenix4.411.9 mi
- Arizona Grand Resort & Spa4.33.3 mi
- Topgolf Gilbert4.511.2 mi
- Papago Golf Club4.38.8 mi
- Dobson Ranch Golf Course4.64.2 mi
- Grass Clippings Rolling Hills4.27.5 mi
- Arizona Mills4.43.7 mi
- Scottsdale Fashion Square4.611.5 mi
- Chandler Fashion Center4.53.2 mi
- Tempe Marketplace4.67 mi
- Phoenix Premium Outlets4.54 mi
- Phoenix Sky Harbor International Airport4.38.1 mi
- Mesa Gateway Airport4.416.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
One of the largest municipal parks in the country, offering extensive hiking and mountain biking trails.
A well-maintained residential area known for its greenbelts and walking paths.
A major regional shopping destination located just outside the ZIP boundary.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.