Affordable
Expensive
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These days, finding an affordable place to live in the Downtown Tempe area can be challenging. Home prices in Downtown Tempe are now at a median cost of $584,837, higher than the Tempe average of $449,695.
The average cost of rent is $2,011/mo in Downtown Tempe, primarily driven by the current value of real estate in the Downtown Tempe area. In Downtown Tempe, 84.79% of households rent, and 57.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Tempe is $5,069 per month. Households that rent pay about 39.67% of their income on rent here. Downtown Tempe’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Tempe Junction, Tempe, AZ: less expensive homes
- Riverside, Tempe, AZ: less expensive homes
- Sunset, Tempe, AZ: less expensive homes
- Meyer Park, Tempe, AZ: less expensive homes
- Escalante, Tempe, AZ: less expensive homes
- Baseline-Hardy, Tempe, AZ: less expensive homes
- Peterson, Tempe, AZ: less expensive homes
- Wood Park, Tempe, AZ: less expensive homes
- Tempe Royal Estates, Tempe, AZ: less expensive homes
- Southwest Mesa, Mesa, AZ: less expensive homes
Neighborhoods with Similar Populations
- Barton Hills, Austin, TX: higher priced homes
- Behind The Rocks, Hartford, CT: less expensive homes
- Southwest Detroit, Detroit, MI: less expensive homes
- Reservoir, Newport News, VA: less expensive homes
- South Park, Beaumont, TX: less expensive homes
- Foothills, Fortuna Foothills, AZ: less expensive homes
- Hickory Ridge, Charlotte, NC: less expensive homes
- Hosford-Abernethy, Portland, OR: higher priced homes
- Kempsville Gardens, Virginia Beach, VA: less expensive homes
- Lovejoy, Buffalo, NY: less expensive homes
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