There are currently 42,983 real estate properties in Tempe, AZ, with a median automated valuation model (AVM) price of $488,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Tempe, AZ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Tempe, AZ, is $533,553.00, with the most expensive house in Tempe, AZ, topping out at $97,984,200.00 and the cheapest home in Tempe, AZ, clocking in at $64,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Tempe, AZ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tempe, AZ, is on a rollercoaster ride. The average rent price in Tempe, AZ, is $1,599.00. Indeed, when looking to rent in Tempe, AZ, you can expect to pay as little as $600.00 or as much as $5,780.00, with the average rent median estimated to be $1,500.00. The good news is that finding an affordable and desirable property to rent in Tempe, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Tempe, AZ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Tempe, AZ and much more. Save thousands at closing with home foreclosure listings in Tempe, AZ — up to 75% off market value!
Tempe is located in Maricopa, Arizona, with an estimated municipal population of 195,805 residents. All of the best foreclosed homes for sale in Tempe are located in the following zip code areas on Foreclosure.com: 85281 85282 85283 85284 85280 85285 85287 85288. The estimated population per square kilometer (.62 miles) in Tempe is 1,891.
So, about how much do homes cost in Tempe? The most recent median value of resident-owned homes in Tempe is 272,077. An estimated 40.6 percent of households in Tempe own their homes, with an average family size of 3.08. The median household income in Tempe is 57,994, with25.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Tempe, the median commute time of resident workers (in minutes) is 21. And last, but certainly not least, are you looking for homes to rent in Tempe? If so, the average rent price paid by renters in Tempe is 1,164, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Tempe, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Tempe is 29.5, split between 52.5 percent male versus 47.5 female. The percentage of residents who report being married in Tempe is 30.8, with an average family size of 3.08.
The percentage of residents who report their race in Tempe is as follows:
|Black / African American||6.9%|
|American Indian / Alaskan Native||2.5%|
|Native Hawaiian / Other Pacifc Islander||0.4%|
Looking for family-friendly neighborhoods in and/or near Tempe? Or maybe you are searching for 55+ active adult communities in and/or near Tempe?
The percentage of residents who report their age in Tempe is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Tempe with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Tempe.
How do you know that living in -- or moving to -- Tempe is right where you need to be? Perhaps you grew up in Tempe or already live nearby; therefore, the decision to buy a home in Tempe is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Tempe for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Tempe:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Tempe.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Tempe can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Tempe, meanwhile, can field multiple offers from more qualified buyers.
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