Tempe, AZ has a population of 178,339, while the median age is 29. The household income in Tempe, AZ is around $51,829. The homeownership rate among the residents is 40%. The median residential property value in Tempe, AZ that you should keep in mind is $237,200.
|Number Of Employees||100,469|
|Median Property Value||$237,200|
|Rent Price||Jul||vs Last Month|
|1 bed rentals||$1,091||-22.2%|
|2 bed rentals||$2,018||-10.5%|
|3 bed rentals||$2,686||+12.1%|
|4+ bed rentals||$3,715||+1.3%|
Over the Jul 2022, the average rent for an apartment in/near Tempe, AZ decreased by 17% to $2,050.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 22.2% to $1,091. Pricing for 2-bed apartment also decreased by 10.5% and a place of this size will now cost you $2,018. 3-bed apartment rent pricing starts at $2,686, it increased by 12.1% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 1.3% and made it up to $3,715.
|Rent Type Price||Jul||vs Last Month|
The median rent for an apartment in Tempe, AZ decreased by 29.5% to $1,817. Statistics show that house rent price increased by 2.9% this month making it up to $2,829. Condos faced an upward trend these days. The median rent for a condo increased by 6.7%, it’s now available for $2,200. An average room will now go for $827, the median rent price for a room decreased by 19.8%. The median rent for a townhouse increased by 21.3%, you’ll have to spend around $2,480 to get one.