Housing in Tempe, AZ
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$497,500
Median List Price
$499,995
Price Per Sq Ft
$293
Days on Market
70
Active Inventory
398
Months of Supply
5.1
Balanced market
Zillow Home Value
$460,179
ZHVI — January 2026
Zillow Rent Index
$1,639
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
9.0%
Off Market in 2 Weeks
27.1%
Sale-to-List Ratio
97.3%
Buyer's market
Market Activity
Source: RedfinHomes Sold
78
New Listings
174
Pending Sales
144
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$293
Median List $/SF
$314
Tempe vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 100,000 - 250,000 residents. Tempe is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$421,900
Median Rent
$1,623
Total Housing Units
84,664
Vacancy Rate
9.0%
Owner Occupied
41.6%
Renter Occupied
58.4%
Median Property Tax
$2,179
per year
Monthly Cost (w/ Mortgage)
$1,392
Housing Types
The current median sale price in Tempe, AZ is $497,500 according to Redfin data. Homes spend a median of 70 days on the market. 9.0% of homes sold above asking price. The market has 5.1 months of supply. The median price per square foot is $293. Zillow's observed rent index is $1,639/month. About 41.6% of housing units are owner-occupied. The median year homes were built is 1983. There are 84,664 total housing units.