$420,000
Median home price
Tempe USD / Kyrene USD
School district
Arizona State University
Major institution
10 minutes
To Sky Harbor

Overview

Tempe occupies a unique position in the Phoenix metro: it is the most urban, most walkable, and most transit-accessible city in the region. Arizona State University's main campus (65,000+ students) sits at the heart of the city and drives an enormous ecosystem of restaurants, startups, cultural institutions, and young professional energy that differentiates Tempe from every other East Valley city. Tempe Town Lake — a 2-mile reservoir created by inflatable dams on the Salt River — is the city's crown jewel. The lake generates year-round recreational activity (rowing, paddleboarding, running, cycling) and anchors a revitalized lakefront district of apartments, hotels, and restaurants. For buyers who prioritize urban walkability, light rail access, and proximity to Sky Harbor Airport (10 minutes), Tempe is unmatched in the East Valley.

Who chooses Tempe

Tempe attracts a specific buyer profile: young professionals who value walkability and transit; faculty and administrators connected to ASU; tech startup founders drawn to the ASU innovation ecosystem; and buyers who commute to Sky Harbor or downtown Phoenix and want the shortest possible drive. South Tempe is the outlier — more suburban, family-oriented, served by the excellent Kyrene school district, and architecturally distinct from the denser north half of the city. Many buyers who work in Tempe or Chandler choose South Tempe specifically for Kyrene USD schools.

ASU's economic impact on Tempe

Arizona State University is consistently ranked the most innovative university in the United States and has helped generate a significant startup and technology ecosystem in Tempe. Companies like GoDaddy, Axon (formerly TASER), and dozens of tech and semiconductor firms have roots in the ASU-Tempe connection. The university's research park and ongoing construction have kept investment flowing into the city for decades.

Neighborhoods in Tempe

Tempe Town Lake area
$450K – $900K
Urban lakefront premium
Maple-Ash District
$380K – $650K
Historic walkable character
South Tempe
$480K – $750K
Family suburban established
Tempe Diablo / Kyrene
$420K – $680K
Golf community schools
Rural Road Corridor
$350K – $550K
Value access ASU adjacent

✓ Pros

  • Most walkable city in the Phoenix metro
  • 10 minutes to Sky Harbor
  • Light rail to Phoenix and East Valley
  • Tempe Town Lake — unique urban amenity
  • ASU economic energy

✗ Cons

  • Highest density in the east valley
  • Traffic near ASU and Mill Ave
  • Less family-suburban feel than Gilbert/Chandler
  • School quality varies — north vs south Tempe

Frequently Asked Questions

Is Tempe good for families?

South Tempe, served by Kyrene Elementary District, is excellent for families. North Tempe near ASU is more urban/rental-oriented. Many families choose South Tempe specifically for Kyrene schools.

How close is Tempe to Sky Harbor?

Tempe borders Sky Harbor Airport — most Tempe addresses are 10–15 minutes from the terminals. This makes Tempe uniquely convenient for frequent travelers.