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Tempe, AZ

Full City Profile · Arizona · Maricopa County County

3.4 /5.0
B Good
186,419 Population 4,663/sq mi density
$77,643 Median Income $42,371 per capita
$421,900 Home Value $466,198 Zillow
$1,623 Median Rent 30.9% income on rent
75°F Avg Temperature 347 sunny days/yr
452 Violent Crime/100K 3,776 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$77,643 median income, 4.0% unemployment
B+
Affordability
3.6 / 5.0
$421,900 home value, $1,623/mo rent
F
Safety
1.0 / 5.0
452 violent crimes/100K (19% above avg)
A+
Education
5.0 / 5.0
49.5% bachelor's degree or higher

Housing Overview

Median Home Value
$421,900
50% above
US avg: $281,900
Median Rent
$1,623/mo
40% above
US avg: $1,163/mo
Homeownership Rate
41.6%
36% below US avg (65.4%)
Total Housing Units
82,696
Median year built: 1983

Home Value by Source

Census Median
$421,900
Zillow (ZHVI)
$466,198
Median Sale Price
$475,000
Median List Price
$499,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

41.6%
Owner-Occupied
58.4%
Renter-Occupied
42%
58%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,053/mo
1 Bedroom
$1,151/mo
2 Bedroom
$1,419/mo
3 Bedroom
$1,889/mo
4 Bedroom
$2,158/mo
Census median rent: $1,623/mo · Zillow rent: $1,679/mo

Market Indicators (Redfin)

Median Days on Market
50 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
106
Price Drops
28.8%
of listings with price reduction
Price Per Sq Ft
$296
Active Inventory
451
homes for sale

Affordability & Housing Stock

Rent Burden
30.9%
of renters spending 30%+ of income on housing
0% below US avg (31.0%)
Median Year Built
1983
Average age of housing stock: 43 years
Homeownership Rate
41.6%

Complete Housing Data

Home Values

Census Median Value$421,900
Zillow Home Value (ZHVI)$466,198
Median Sale Price$475,000
Median List Price$499,000
Price Per Sq Ft$296

Rent

Census Median Rent$1,623
Zillow Rent (ZORI)$1,679
FMR Studio$1,053
FMR 1-Bedroom$1,151
FMR 2-Bedroom$1,419
FMR 3-Bedroom$1,889
FMR 4-Bedroom$2,158

Market

Days on Market50
Sale-to-List Ratio1.0%
Price Drops28.8%
Homes Sold106
Active Inventory451
Price Per Sq Ft$296

Ownership & Stock

Owner-Occupied41.6%
Renter-Occupied58.4%
Homeownership Rate41.6%
Total Housing Units82,696
Median Year Built1983
Rent Burden30.9%