Tempe, Maricopa County, AZ

Median Home Price Price

$461,571 $461.6K

Median Monthly Rent Rent

$2,037 $2K

19.0x

Market Snapshot

Tempe, Maricopa County, AZ is a city market with a median home price of $461,571, a median monthly rent of $2,037, a GRM of 19.0x, and a price-to-rent ratio of 18.9.

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01 Youngtown, Maricopa County, AZ
Top recommendation Nearby alternative Lower GRM Lower price Lower rent
High confidence
Price $304.4K
Rent $1.4K
GRM 18.0x
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Phoenix
$407K $1.9K 18.0x
El Mirage
$341K $2.1K 13.0x
Mesa
$432K $1.9K 19.0x

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Monthly rent

GRM = home price / annual rent

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Queen Creek, Pinal County, AZ
$628K $2.5K 21.0x

Home prices

Monthly rent

GRM = home price / annual rent

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Citrus Park, Hillsborough County, FL
$418K $1.9K 19.0x
Rosemont, Sacramento County, CA
$457K $2.0K 19.0x
Pittsburg, Contra Costa County, CA
$563K $2.7K 18.0x

Home prices

Monthly rent

GRM = home price / annual rent

Tempe

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Benchmark comparison

Rent in Tempe, AZ is 7.8% higher than Phoenix, AZ.

Compare to Phoenix, AZ
Tempe, AZ
Phoenix, AZ
Delta
Median rent
$2,037
$1,889
-$148
Median price
$461,571
$407,188
-$54,383
YoY change
+$10
+$3
-$7
Price-to-rent
18.9x
18.0x
-0.9x

Key takeaways

  • Tempe, Maricopa County, AZ has a higher-grm screening profile: At 19.0x GRM, current rent may provide less support for the purchase price.
  • Higher GRM is not automatically negative; it may reflect appreciation expectations, scarcity, or lifestyle premium.
  • Rent momentum is positive, with median rent up about $10 year over year.
  • Rent in Tempe, AZ is 7.8% higher than Phoenix, AZ.