Tempe First-Time Homebuyer Report for October

Tempe is a larger than average city in Arizona that has grown at a 10-year growth rate of 0.3%. However, the population of Tempe ranks as the eighth-largest with 161,719 people. The three zip codes with the largest populations are 85281, 85282, and 85283. Tempe is made up of homes that are considered relatively old with a median of 30 years. Leading the list of top schools in the city are Valley Academy, Desert Shadows Middle School, and Tempe Preparatory Academy.

Price Range

Tempe has some of the more expensive homes in the state with a median home value of $133,300 and a current average list price of $299,663.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Tempe:

$190K   $225K   $104K  

Typical Dwelling

A three-bedroom detached home valued around $266,821 is considered a typical dwelling in Tempe. If a buyer was looking for a similar home, they would need good credit and a $53,364 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,158 and the property tax rate is $7.57 per $1,000 of taxable assessed value.

Get started right now by checking out Tempe homes for sale or reviewing Tempe real estate trends.


Data reported through 10/13/2016

Comments:


©2016 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2016 SmartZip Analytics, Inc. and ©2016 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.