Explore Tempe, AZ - Market Insights, Demographics, Crime, Trends & Hotspots

Pulse Score
C+
Cap Rate
1.51%
Investor Friendly Score
49.00%
Median Price
$485,000

Market Insights

With only 2.4 months of inventory, Tempe remains a seller's market. Home prices have decreased 2.4% in the past month. With 2.4 months of supply, Tempe's inventory levels remain relatively tight. Homes are taking about 56 days to sell, which is 15 days longer than this time last year. A significant 23.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 11.4% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Tempe market with the affordability index at 12.7. Looking ahead, the Tempe market is expected to maintain its current trajectory with relatively stable conditions.

Demographics market for - Tempe, AZ

Total Population -

196,934

White Population

63.14%

Black Population

8.12%

Mexican89.47% (17.70% of total population)
Puerto Rican3.27% (0.65% of total population)
Cuban0.93% (0.18% of total population)
Dominican0.85% (0.17% of total population)
Salvadoran0.78% (0.15% of total population)
Costa Rican0.34% (0.07% of total population)
Gautemalan0.44% (0.09% of total population)
Honduran0.23% (0.05% of total population)
Nicaraguan0.33% (0.06% of total population)
Panamanian0.18% (0.04% of total population)
Argentinean0.02% (0.00% of total population)
Bolivian0.13% (0.03% of total population)
Chilean0.19% (0.04% of total population)
Colombian1.48% (0.29% of total population)
Ecuadorian0.39% (0.08% of total population)
Peruvian0.73% (0.14% of total population)
Uruguyan0%
Venezuelan0.25% (0.05% of total population)

Indian 17.79% (3.52% of total population)
Bangladeshi 0.57% (0.11% of total population)
Chinese 11.64% (2.30% of total population)
Bhutanese 0%
Burmese 0%
Filipino 4.69% (0.93% of total population)
Hmong 0%
Indonesian 0.39% (0.08% of total population)
Japanese 1.72% (0.34% of total population)
Korean 1.54% (0.30% of total population)
Laotian 0.12% (0.02% of total population)
Malaysian 0.18% (0.04% of total population)
Mongolian 0.01% (0.00% of total population)
Nepalese 0.14% (0.03% of total population)
Pakistani 0.71% (0.14% of total population)
Srilankan 0.12% (0.02% of total population)
Taiwanese 0.56% (0.11% of total population)
Pakistani 0.71% (0.14% of total population)
Srilankan 0.12% (0.02% of total population)
Taiwanese 0.56% (0.11% of total population)
Thai 0.42% (0.08% of total population)
Vietnamese 2.21% (0.44% of total population)

Hawaiian0.15% (0.03% of total population)
Samoan0.29% (0.06% of total population)
Chamorro0.38% (0.08% of total population)
Fijian0.31% (0.06% of total population)
Marshallese0%

Crime for - Tempe, AZ

Kidnapping/Abduction17.50%
Sex Offenses, Non-forcible0.42%
Sex Offenses82.08%

Robbery100.00%

Arson1.72%
Extortion/Blackmail3.26%
Embezzlement3.07%
Counterfeiting/Forgery7.95%
Fraud Offenses83.72%
Human Trafficking0.29%

Burglary/Breaking & Entering8.05%
Larceny/Theft Offenses58.76%
Destruction/Damage/Vandalism of Property25.35%
Motor Vehicle Theft7.74%
Stolen Property Offenses0.10%

Assault Offenses100.00%

Homicide Offenses100.00%

Real Estate Market Prediction for - Tempe, AZ

City Hotspots

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