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
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.
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.