Home Price Key
Affordable
Average
Expensive
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 $552,329, higher than the Tempe average of $308,971.
The average cost of rent is $1,624/mo in Downtown Tempe, primarily driven by the current value of real estate in the Downtown Tempe area. While nearly 54.93% of residents own their homes outright in Downtown Tempe, 82.08% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Tempe is $4,661 per month. Households that rent pay about 34.84% of their income on rent here. Downtown Tempe's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the neighborhood.
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: equally 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
All Local Stats
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