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Tempe, AZ Real Estate

Tempe is a city in Maricopa County, Arizona with a population of about 186,419. The median home value is near $421,900, and median rent runs around $1,623/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value
$421,900
Median Rent
$1,623/mo
Population
186,419
Median Income
$77,643
Median Age
29.9
Homeownership
41.6%

Monthly payment on a median Tempe home

Example for a $421,900 home: 20% down, 30-yr at ~6.75%, AZ property tax ~0.63%, 0.4% insurance.

Est. monthly (PITI)
$2,551
Principal & interest
$2,189
Property tax / mo
$221
Down payment (20%)
$84,380

Tempe at a glance

  • 28.9% of residents 25+ hold a bachelor's degree or higher.
  • 41.6% of occupied homes are owner-occupied.
  • Median household income is $77,643.
  • Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

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