Home prices
The median home in Tempe costs $272,900. In comparison to nearby areas it is approximately $221,560 (44%) lower.Compared to the entire country it is approximately $55,400 (25%) higher, and is about $37,500 (15%) higher compared to the city of Phoenix.
Rents
In Tempe the median monthly rent is $1,164. Compared to other places in this area this is roughly $248 (17%) lower.It is roughly $102 (9%) higher compared to the country as a whole, and is roughly $111 (10%) higher compared to the city of Phoenix.
Nearby places
Guadalupe
Guadalupe is Tempe's neighbor to the southwest. Housing prices there are substantially less expensive. The cost of the median home in Guadalupe is $100,100, which works out to $172,800 (172%) lower than Tempe. Rents there are a lot less expensive. Guadalupe's median monthly rent is $640, which comes out to $524 (81%) lower than Tempe.
Chandler
Chandler is Tempe's neighbor to the southeast. Housing prices there are a little more expensive. The median home in Chandler costs $300,800, which works out to $27,900 (9%) higher than Tempe. Rent there is a little more expensive. In Chandler the median rent is $1,312 a month, which is $148 (11%) higher than Tempe.
Mesa
Mesa is Tempe's neighbor to the east. Real estate prices there are a little less expensive. The median home price in Mesa is $226,500, which works out to $46,400 (20%) lower than Tempe. The rent there is a little less expensive. Mesa's median monthly rent is $1,044, which is $120 (11%) lower than Tempe.
Gilbert
Gilbert is roughly 11 miles southeast from Tempe. Its real estate prices are a bit more expensive. The median home in Gilbert costs $328,700, which works out to $55,800 (16%) higher than Tempe. Its rents are somewhat more expensive. Gilbert's median monthly rent is $1,518, which comes out to $354 (23%) higher than Tempe.
Paradise Valley
Paradise Valley is approximately 11 miles north from Tempe. Housing prices there are significantly more expensive. The median home in Paradise Valley costs $1,516,200, which comes out to $1,243,300 (82%) higher than Tempe. The rent there is a lot more expensive. The median rent in Paradise Valley is $2,547 a month, which is $1,383 (54%) higher than Tempe.
