Tempe, AZ Real Estate

According to census data in the year 2000 there were 67,008 housing units in Tempe. This represents a 9% growth from 61,452 in 1990.

Of those housing units, 66,996 were located in either urbanized areas or urban clusters, and 12 were located in what is classified as a rural area.

Homeownership rate in Tempe is about 51%. Tempe's vacancy rate, including seasonal lodging, is about 5.2%. Average household size is 2.41 people.

The majority of houses, apartments or condos in Tempe were built after 1978.


Housing Size

Housing Units by Size
Studio Type3.80%
One Bedroom18.30%
Two Bedrooms30.20%
Three Bedrooms29.10%
Four Bedrooms15.70%
Five Bedrooms or more2.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1976
Median Value of occupied units$132,100
Median Price asked for vacant units$134,800

Rented Homes, Apartments and Condos

Average Household Size2.23
Median year structure was built1980
Median Monthly Rent asked for vacant units$680

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage9.50%
Home Equity Loan9.40%
Simple Mortgage63.60%
Debt Free17.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.2%