Tempe, AZ Housing Market
$461,342
0.6% 1-yrThe average Tempe, AZ home value is $461,342, down 0.6% over the past year, and homes go to pending in around 32 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Tempe Key Takeaways
Typical Home Values: $461,342
1-Year Value Change: -0.6%
(Data through August 31, 2026)
Tempe Housing Market Overview
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Nearby Neighborhoods
- NameMedian ZHVI
- Corona Del Sol$951,644
- Alta Mira$669,195
- Greater Corona Village$552,319
- Warner Estates$1,482,405
- Windmills West$674,806
- Estate La Colina$746,823
- Corona Village$457,328
- Buena Vista Ranchos$1,098,581
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Tempe Rental Market Trends
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Tempe, AZ?
The median home value in Tempe, AZ is $461,342 as of August 2026. This represents a 0.1% decrease compared to last month and a 0.6% decrease year-over-year.
How have home values changed in Tempe, AZ?
Home values in Tempe, AZ have decreased by 0.1% month-over-month and 0.6% year-over-year.
How do home values in Tempe, AZ compare to Maricopa County, Arizona, and the national average?
The median home value in Tempe, AZ ($461,342) compares to: Maricopa County ($456,252), Arizona ($417,990), and the U.S. national median ($368,697).
