Market Overview
Home Prices in Tempe, AZ
The median home value in Tempe, AZ is $467,863 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.3% compared to a year ago and down 3.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Tempe are priced14% above average. Tempe is part of the Phoenix-Mesa-Chandler, AZ metro area.
Over the past five years, Tempe home values have risen by approximately13.9%, reflecting steady appreciation in this market.
Price History
Tempe Home Price Trend
City Comparison
Tempe vs. National Median
At $467,863, homes in Tempe cost 14% above the national median of $410,000. Buyers in Tempe should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Tempe?
20% Down Payment
$93,573
on $467,863
Monthly P&I
$2,440/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,099/mo
incl. taxes & insurance
Income Needed
$123,960
gross annual (30% rule)
10% Down Option
$46,786
+ PMI applies
Loan Amount (20% dn)
$374,290
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Tempe, AZ?
The median home value in Tempe is $467,863 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.3% year-over-year.
How much have home prices changed in Tempe?
Over the past year, home values in Tempe have decreased by 1.3%. Over five years, prices have risen approximately 13.9%.
How much do I need to earn to buy a home in Tempe?
To comfortably afford the median home price of $467,863 with a 20% down payment ($93,573) at today's rates (6.8%), you'd need a gross annual income of approximately $123,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Tempe compare to the national average home price?
The national median home value is approximately $410,000. At $467,863, homes in Tempe are 14% above the national average.
What metro area is Tempe part of?
Tempe is part of the Phoenix-Mesa-Chandler, AZ metropolitan area. Home prices and market conditions can vary across the broader metro region.