The Most Affordable Neighborhoods in Tempe Royal Estates, Tempe, AZ by Home Value

 

Tempe Royal Estates, Tempe, AZ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Tempe Royal Estates area can be challenging. Home prices in Tempe Royal Estates are now at a median cost of $270,236, lower than the Tempe average of $308,971.

The average cost of rent is $1,397/mo in Tempe Royal Estates, primarily driven by the current value of real estate in the Tempe Royal Estates area. While nearly 47.36% of residents own their homes outright in Tempe Royal Estates, 77.74% rent.

Housing affordability isn’t just about home prices, though. The average household income in Tempe Royal Estates is $5,250 per month. Households that rent pay about 26.61% of their income on rent here. Tempe Royal Estates's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the neighborhood.


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