Welcome to our 85281 real estate data hub, tailored for investors in Tempe, AZ. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 85281 in Tempe, AZ. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MARICOPA COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Tempe, AZ real estate investing. Uncover the wealth of information available, and position yourself for success in the Tempe property market.
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Location Overview
- Zip Code: 85281
- City: Tempe
- State: AZ
- Metro Area: Phoenix-Mesa-Chandler, AZ
- County Name: MARICOPA COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $401,885
- Average Home Price (Single Family Homes): $422,012
- Average Monthly Rental Price (All Types): $1,843
- Price-to-Rent Ratio: 18
- Zillow Projected % appreciation from 4/2023-4/2024: 1.5%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,920
- Average 3 Bedroom Section 8 Rental Rates: $2,630
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 17.44
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 12.73
- Number of Units Offered in Section 8 in the County: 8542
- Number of Occupied Units in Section 8 in the County: 8071
- Percentage of Section 8 Units Occupied in the County: 94.5%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 614.68
- Total % Appreciation since 2000 (Government Data): 273.12
- YTD Appreciation (Backwards from 4/2023, Realtor Data): -1.68%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 0.79%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 39.91%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 67.51%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 173.78%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 87.56%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 200.63%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 2.11%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 1.26%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 28.83%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 47.04%