$543,198Average Value$416Average Price per Sq Ft20Homes For Sale
Tempe grows up around university campus
Downtown Tempe has seen explosive growth since the 19th century, now ranking as the ninth-largest city in Arizona by population. University Drive and Mill Avenue intersect to form a crossroads at the community’s center, around Arizona State University’s campus. “ASU is the biggest draw for Downtown Tempe,” says associate broker Theresa Jones of Weirick Jones Group. “There are lots of rental properties available to students.” Downtown Tempe is known for its student population, but this is one of many demographics. “Downtown Tempe has all ages,” says former resident and Broker Joshua Carlson of Gentry Real Estate. “You still have retirees and some people that have lived here since the '60s because they love that young vibe.” Major employers such as Honeywell and Carvana offer potential career paths. Commuters can take Downtown Tempe’s public transportation to and from work, stopping at a locally owned restaurant or one of the city’s half -dozen parks to end the work week. Community events such as the Tempe Festival of the Arts bring people together.
Valley Art Harkins Theatre in Downtown Tempe plays blockbusters as well as independent films.
ASU's vibrant campus in Downtown Tempe fuels intellectual curiosity.
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Parks emphasize a variety of activities, and a mountain is a short drive away
Residents of Downtown Tempe can get outdoors to enjoy the waterfront and landlocked parks alike. Tempe Town Lake, an artificial reservoir, offers flood protection and makes for a great weekend afternoon with its walking paths and boating areas. Folks can rent canoes or ride scooters at Tempe Beach Park. The park has one of the best views for cyclists, who can bike along the bridge from one shore to the other. “A” Mountain, named for the giant “A” embedded into the mountainside, is a popular hiking area. The highest point provides a panoramic view of ASU’s campus. Although it sounds like the kind of destination that requires a short drive, the mountain is actually on the north side of town and immediately south of the river.
Embrace wellness and vitality in the heart of Downtown Tempe.
Those wanting something to do indoors aren’t left out. Two significant institutions serve as landmarks showcasing Tempe’s artistic influence and culture. The first is the Tempe Center for the Arts, which has featured works from 2,500 local and national artists over the years and continues to offer free admission to its gallery. Aspiring professionals can showcase their talent in various ways through the center by displaying their work as one of 250 artists rotating annually or by giving talks and workshops. The second is the ASU Art Museum, another weekend favorite. Many of its seasonal exhibitions focus on cultural appreciation. Its featured collection of Latinx works contains contemporary art from the 1980s to the 2000s and historic Latin American prints.
Dining options are varied
Mill Avenue is a hub of entertainment and development. Hayden Station was recently renovated into The Arbor, an experimental office space emphasizing wellness. The local Valley Art Theater is a staple of Downtown Tempe entertainment with an attached restaurant, Mr. Mesquite Taqueria. The Low Key Piano Bar offers an equally chill evening. As the name suggests, live music is its forte, with pianists taking requests and “battling” one another. Folks can start their day at Snooze, a breakfast spot serving classics such as pancakes and eggs Benedict. Locals choose from a wide range of craft beers at Four Peaks Brewing Company for something more potent than coffee. Weekly groceries are available at the Whole Foods Market on University Drive.
Savor craft brews and great times at Four Peaks Brewing Company in Downtown Tempe.
Stroll down Mill Ave and immerse yourself in Downtown Tempe's charm.
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Spanish, Pueblo influences aren't hard to find
Downtown Tempe’s sun-baked, grid-like residential streets wrap around and exclude campus buildings. Single-family homes and apartments mix on streets wide enough for parking. Prospective buyers will find ranch-style homes with small front yards and single-car driveways. These sell between $330,000 and $650,000. Condo units are also available for buyers who want to live the mid-rise lifestyle. Smaller, two-story buildings with Pueblo and Spanish eclectic elements sell for between $220,000 and $450,000, while luxury, two-bed, high-rise units with views of Tempe's Salt River can reach $1 million or more. Off-campus housing rentals are ideal for ASU students, varying in price and style like their condominium counterparts.
Downtown Tempe's diverse homes cater to every lifestyle and taste.
Experience the allure of ranch-style living in the heart of Downtown Tempe.
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Light rail system gives commuters another option
Commuters deal with the typical downside to city living. “Traffic is brutal, and it’s been brutal forever, mostly because ASU is so big and still expanding,” Carlson says. Metro Valley Rail is an option with a light-rail system that stretches more than 25 miles, making nine stops in Tempe. “I do think Downtown Tempe is a great place to be if you’re OK with a young crowd,” says Carlson. “You’re two minutes from the airport, it’s a fantastic place to be.” Sky Harbor International Airport is 4 miles away, and it’s only another 4miles to Phoenix.
Alameda's proximity to major businesses creates excellent job opportunities for residents.
Experience seamless travel in Downtown Tempe with the light rail system.
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Local schools include a 75,000 student university
Students can attend the Cecil Shamley School for kindergarten through eighth grade. Niche gives the school a C-plus overall. Tempe High rounds out the list with a C-plus and various extracurriculars like a wrestling club and a mock trial club. About 75,000 students attend ASU, less than a mile away.
The expansive entrance of Laird Elementary School in North Tempe welcomes students daily.
Tempe High School has earned numerous academic, artistic, and athletic awards over the years.
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Crime in Downtown Tempe
Crime in Downtown Tempe is higher than the national average. According to the CAP Index’s predictive score algorithm, Downtown Tempe reaches an 8 on a 10-point scale. This is compared to the national average of a 4 out of 10.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Gabriel Santellano,
an experienced agent in this neighborhood.
Parks in this Area
Jaycee Park
Baseball/Softball
Basketball
Grills
Birchett Park
Trails
Multi-Purpose Field
Creamery Park
Basketball
Grills
Pickleball
Rio Salado Park
Baseball/Softball
Bike Trails
Boating
Creamery Park
Basketball
Dog Park
Grills
Daley Park
Baseball/Softball
Basketball
Grills
Clark Park
Baseball/Softball
Basketball
Dog Park
Hayden Butte Preserve
Trails
Ragsdale-MLK Park
Trails
Multi-Purpose Field
Transit
Airport
Phoenix Sky Harbor International
12 min drive
Subway
Mill Ave/3Rd St
Subway
Tempe Transportation Center
Subway
University Dr/Rural Rd
Subway
Dorsey Ln/Apache Blvd
Bus
Dorsey Ln & 8th St
Bus
5th St & Beck Av (Flag Zone)
Bus
University Dr & Roosevelt St
Bus
University & Rural Tc
Bus
Forest Av & Gammage Pkwy
Bus
Dorsey Ln & Lemon St
Bus
1st St & Hardy Dr
Crime and Safety
1 - Low Crime, 10 - High Crime
Downtown Tempe
US
Homicide
5
4
Sexual Assault
9
4
Assault with Weapon
5
4
Robbery
8
4
Burglary
10
4
Motor Vehicle Theft
8
4
Larceny
9
4
Crime Score
8
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Downtown Tempe, Tempe sell after 48 days on the market compared to the national average of 47 days. The average sale price for homes in Downtown Tempe, Tempe over the last 12 months is $606,091, up 25% from the average home sale price over the previous 12 months.
Nestled in one of the most sought-after and unique pockets of Tempe, this fully remodeled 3-bedroom home offers a rare blend of tranquility, charm, and modern elegance. Surrounded by mature, massive trees and lush greenery, the property features sprawling front and back yards that create a serene oasis just minutes from Arizona State University, Tempe Town Lake, and downtown Scottsdale. As you
Spacious condo all on 1 level except for laundry room basement which has direct entry from garage* No interior steps once you enter the living area* New A/C in 2023 w/10 year parts warranty & lifetime warranty on compressor* Dual-pane windows* Newer luxury vinyl floors* New light fixtures & ceiling fans* Open kitchen with big breakfast bar* Washer, dryer, refrig incl* Private covered patio with
Incredible investor opportunity in the heart of Tempe—just ONE BLOCK from ASU Campus and a short walk to Mill Ave. This 7 BED, 7 BATH turn-key property requires NO TLC and is fully leased through July with strong cash flow. Owner is working on 12-month lease extensions to July 2026 as we speak. Parking for 6 cars in driveway. Located near Rural & Broadway with unbeatable access to shopping,
Rob SullivanBerkshire Hathaway HomeServices Arizona Properties
Prime dirt location on the doorstep to ASU, the 5th largest university in the US. All 1 bedroom unit mix with $1398 rents & a 7/28/2025 lease exp.Located in an opportunity zone with 1000's of new units in process. Stabilized 6+ CAP with room to raise rents. Student housing. Very low expenses w/ separate, tenant-paid electric/gas. Available individually or as part of a package of 15 units (see MLS
James StephensBetter Homes & Gardens Real Estate SJ Fowler
This Complex, next to ASU, is a modern community in Tempe, AZ where residents can take advantage of everything the city has to offer. We're located in the heart of Tempe, so you'll be close to all the action. Our luxurious units come complete with high-end finishes and amenities, making your life easier and more comfortable. We offer one, two, and three-bedroom floor plans with spacious bedrooms
This Complex near ASU is a modern community in Tempe, AZ where residents can take advantage of everything the city has to offer. We're located in the heart of Tempe, so you'll be close to all the action. Our luxurious units come complete with high-end finishes and amenities, making your life easier and more comfortable. We offer one, two, and three-bedroom floor plans with spacious bedrooms and
AVAILABLE 8/1/2025! Newly RENOVATED home in Tempe in phenomenal location! This home boasts 6 bedrooms, 4 bathrooms, and over 2,000 sq ft providing plenty of room for all. This home is currently receiving a FULL MAKEOVER with new flooring, new kitchen cabinets, stainless steel appliances, new countertops, new tile and stone flooring in the bathrooms, and a new W/D. Some other features include an
Interested in learning more about homes in this area?
Reach out to
Gabriel Santellano,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
27,108
Median Age
26
Population Density
9 ppl/acre
Population under 18
21.7%
On par with the national average
23.8%
Population over 65
2.8%
Below the national average
19.1%
Finances
Median Household Income
$39,256
Significantly below the national average
$71,702
Average Household Income
$59,751
Education and Workforce
High School Graduates
96%
College Graduates
61.7%
Significantly above the national average
34.1%
Advanced Degrees
33.3%
Above the national average
13.3%
% Population in Labor Force
62.5%
Weather
Annual Precipitation
7''
Average Winter Low Temperature
45°F
Average Summer High Temperature
107°F
Annual Snowfall
0''
Area Factors
Biker's Paradise
Bike Score®
99/ 100
Very Walkable
Walk Score®
88/ 100
Good Transit
Transit Score®
68/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
