Tempe

Getting to know Tempe

Tempe borders Phoenix and lies in the East Valley section of Maricopa County. It is 40.2 miles in area and has a population of about 185,000. Tempe is the home of the main campus of Arizona State University. Local development began where ferry service provided a river crossing, which enabled local settlement and farming. The precursor to ASU began in 1885. Railroad development and the Roosevelt Dam also helped further growth.

Shopping venues include a large shopping mall, Tempe Marketplace near Tempe Town Lake, and the Mill Avenue shopping and entertainment center. On New Year’s Eve the city of Tempe has a Fiesta Bowl Block Party, one of the largest in the country. North Tempe has denser development and some high-rise development, while South Tempe consists mostly of single-family homes.

The median home value in Tempe is $290400, and the list price per square foot is $183. The median age of residents is 29.8, and the median household income is estimated at $56,365.

Market Stats for Tempe

by Price Range

General Stats

Highest Price Listing

$1,695,000

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Average Listing Price

$404,397

Total Market Listings

271

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Average Price Per Sq Ft

$203.00