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Tempe Communities

Getting to know Tempe

Tempe is a city of 40.2 square miles in the EastValley section of MaricopaCounty and borders Phoenix. The population in 2010 was 161,719. It is particularly known as the home of the main campus of ArizonaStateUniversity.Its development followed the establishment of FortMcDowell in 1865 about 25 miles northeast of today’s downtown Tempe on the upper Salt River. The ferry service operated by Charles Hayden was the main river crossing for the area and facilitated local settlement and agricultural development. The precursor to ASU was established in 1885. This was followed by the Maricopa and Phoenix Railroad and the completion of Roosevelt Dam, which facilitated further growth.

Tempe contains one of Arizona’s largest shopping malls as well as Tempe Marketplace near TempeTownLake. Mill Avenue is also a shopping and entertainment center. Each New Year’s Eve the city hosts the Fiesta Bowl Block Party, one of the nation’s biggest New Year’s Eve parties. The northern portion of Tempe near ASU is more densely populated and has a growing skyline. The southern portion of the city consists of more single family homes and less density.

The median list price in Tempe is $374,450, with a price per square foot of $190. Housing prices have risen over 5% during the past year.

Market Stats for Tempe

by Price Range

General Stats

Highest Price Listing

$2,399,000

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Average Listing Price

$365,533

Total Market Listings

411

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Average Price Per Sq Ft

$194.00