Mortgages in Tempe, AZ

ASU's college-town energy meets Fortune-500 corporate footprint at Marina Heights, anchored by walkable Mill Avenue and the Tempe Town Lake / Rio Salado redevelopment corridor.

Median list price
$507,500
Apr 2026
Days on market
55
median
Year over year
-5.0%
list price

The Tempe market right now

Aggregated across 4 Tempe ZIP codes, as of Apr 2026.

Median list price
$507,500
Median days on market
55 days
Active inventory
303
New listings this month
136
% with price drops
56.1%
Median $/sqft (list)
$308

Data: Realtor.com Research. List prices are down 5.0% year-over-year — a softer market favoring buyers willing to negotiate.

What it costs to buy in Tempe

2026 conforming loan limit
$832,750
Maricopa County
Median list vs limit
61%
Median fits conforming
Median property tax paid
$2,179
Annual, owner-occupied (ACS)
Owner-occupancy rate
41.6%
of occupied housing units

Loan limits from FHFA. Property tax and owner-occupancy from U.S. Census ACS 5-year (2023).

Neighborhoods we serve in Tempe

Mill Avenue District (Downtown Tempe)

mid

Walkable urban core anchored by ASU; mid- and high-rise condos, lofts

ASU campus adjacency, nightlife, light rail

Tempe Town Lake / Rio Salado

luxury

Waterfront high-rise condos and apartments along the lake

Marina Heights, waterfront views, Town Lake redevelopment

Maple-Ash

mid

Historic bungalow district adjacent to downtown and ASU

ASU faculty/staff favorite, walkable, historic charm

Borden Homes

mid

Mid-century single-family neighborhood north of US-60

established central Tempe, mature trees

The Lakes

mid

1970s master-planned waterfront community with private lakes

lakefront single-family homes, established

Lakeshore

mid

Waterfront subdivision within The Lakes area

lakefront lots, mature landscaping

Warner Ranch

mid

South Tempe master-planned family neighborhood near I-10

Kyrene/Tempe Union schools, family-oriented

Cyprus Village

mid

South Tempe established single-family subdivision

Corona del Sol HS feeder, quiet residential

Schools that Tempe buyers ask about

Primary public district: Tempe Elementary School District (TESD).

  • Corona del Sol High SchoolA
    high · public · TUHSD
    TUHSD flagship south Tempe high school
  • Marcos de Niza High School
    high · public · TUHSD
  • Tempe High School
    high · public · TUHSD
    Historic downtown Tempe high school
  • McClintock High School
    high · public · TUHSD
  • BASIS Tempe
    k-12 · charter
    Nationally ranked charter (verify current US News rank before citing specifics)
  • Arizona State University (Tempe campus)
    k-12 · public
    Dominant higher-ed anchor; 80,000+ students at the Tempe campus drive housing demand (note: not a K-12 school, listed for context)

School letter grades from Arizona Department of Education.

Why people move to Tempe

Climate

3,872 sunshine hours per year~300 sunny days86% of possible sunshineAvg July high: 106°F · Jan low: 45°F

Source: NOAA / NWS Phoenix climate normals.

Cactus League impact (2025)

$764.0M total economic impact1,695,480 fans6,182 jobs supportedStadiums in Tempe: Tempe Diablo Stadium

Tempe Diablo Stadium hosts the Los Angeles Angels for Cactus League spring training, driving February-March hospitality and short-term rental demand.

Source: ASU W.P. Carey Cactus League Economic Impact Study.

The Phoenix-area mortgage market by the numbers

HMDA 2023 county-level data for Maricopa County.

Mortgages originated
148,325
in 2023
Total dollar volume
$49.8B
Conventional share
74.5%
FHA share
17.0%
VA share
8.2%
Denial rate
25.7%
denied vs originated

Source: Consumer Financial Protection Bureau HMDA Data Browser. Maricopa County aggregate; Tempe-specific tract data available on request.

Major employers headquartered in Tempe

Arizona State University
Higher education
Carvana
Online used-car retail
First Solar
Solar panel manufacturing
Insight Enterprises
Fortune 500 IT solutions and services
State Farm
Insurance (regional hub at Marina Heights; corporate HQ remains Bloomington, IL)

Latest from around Tempe

Headlines aggregated from local news feeds, refreshed May 28.

Working with a local lender matters in Tempe

We close mortgages across the Phoenix area in 14 days on average from our Scottsdale office. We know what underwriters look for on a Tempe property — from HOA disclosures and short-term rental rules to local taxes and conforming-loan-limit thresholds.

Also serving the Phoenix metro

Other Phoenix-metro cities we serve from our Scottsdale office:

  • Phoenix
  • Scottsdale
  • Mesa
  • Chandler
  • Guadalupe

About this page

Market and demographic data on this page is sourced from federal datasets and public research. Numbers refresh on the cadence shown.

  • Consumer Financial Protection Bureau, Home Mortgage Disclosure Act data — refreshed annual · source
  • U.S. Census Bureau, American Community Survey (5-year) — refreshed annual · source
  • NOAA / National Weather Service climate normals — refreshed static · source
  • Local news (Scottsdale Progress, KTAR, 12 News, ABC15, Rose Law Group Reporter) — refreshed weekly
  • Federal Housing Finance Agency Conforming Loan Limits — refreshed annual · source
  • Realtor.com Research — refreshed monthly · source
  • ASU W.P. Carey School of Business, Cactus League Economic Impact Study — refreshed annual · source

Snapshot generated May 28, 2026.