Tempe, AZ

Population: 172,816
Average annual home appreciation rate: 15.92%
Total of homes for sale in this market: 338
Median home price: $291,320
Median Rent: $1,107 per room
Home price range: 37.86% of homes are between $145,001 – $290,000
Median sales price: $225,000
Number of homes: 366
Median foreclosure sales price: $175,050
Foreclosure discount: 22%
Most common home type: 43.63% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 11.18%
Number of renters: 58.12%
Number of owner occupied: 41.88%
Number people living below poverty level: 22.16%
Unemployment rate: 4.90%
Is this area perfect for real estate deals going on right now? Importantly, this makes Tempe one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength.

Leave a Reply

Your email address will not be published. Required fields are marked *