Property Prices in Tempe, AZ, United States

Index Info
Price to Income Ratio: 3.07
Mortgage as Percentage of Income: 23.17%
Loan Affordability Index: 4.32
Price to Rent Ratio - City Centre: 10.15
Price to Rent Ratio - Outside of Centre: 10.49
Gross Rental Yield (City Centre): 9.85%
Gross Rental Yield (Outside of Centre): 9.54%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,164.29 $ 1,000.00-1,300.00
Apartment (1 bedroom) Outside of Centre 835.00 $ 700.00-1,000.00
Apartment (3 bedrooms) in City Centre 1,828.57 $ 1,600.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 1,421.43 $ 1,200.00-1,650.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 225.78 $ 190.00-323.46
Price per Square Feet to Buy Apartment Outside of Centre 173.17 $ 160.67-186.50
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,497.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.43 3.50-4.54

These data are based on 102 entries in the past 18 months from 26 different contributors.
Last update: June 2021

Sources and References
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