Dining & food
Four Peaks Brewing Company
Tempe
Arizona's flagship craft brewery flows from a century-old Tempe creamery, where the Kilt Lifter Scottish ale tastes even better against walls steeped in malt-scented history.
breweryinstitutiontempe
Neighborhood living guide
Tempe
Tempe, Arizona
Tempe is a lively, youthful college town anchored by Arizona State University and the waterfront at Tempe Town Lake. Mill Avenue brims with dining, music and energy, while the Valley Metro light rail and extensive bike routes give it the metro's best transit and pedestrian access. It's walkable, spirited and always in motion.
25Walk
54Transit
69Bike
Safety
66/100
Cost of living
110
🚗
12 min to downtown
☀️
299 sunny days/yr
🌍 For overseas buyers
Property tax
~0.6%
Est. gross yield
~5.5%
Typical HOA
Townhomes $150–250/mo
- •Non-resident buyers can finance with ~30–40% down through portfolio lenders; cash purchases are common and quickest.
- •Full-service property management typically runs 8–10% of monthly rent.
- •Buying US property does not grant residency or a visa.
Schools
- Arizona State University
- Tempe High6/10
- Marcos de Niza6/10
Community
- Median age
- 29
- Median income
- $62,000
- Median home price
- $520,000
- Summer high
- 107°F
- Winter high
- 67°F
What's nearby
Parks & outdoors
Tempe Town Lake
Dining
Mill Avenue District
Transit
Valley Metro Light Rail
Education
ASU campus
Lifestyle highlights
- ✓Arizona State University and campus life
- ✓Tempe Town Lake waterfront recreation
- ✓Mill Avenue dining and nightlife
- ✓Best-in-metro light rail and bike access
Homes in Tempe
Nearby dining & attractions
View the full Mesa & the East Valley guideOutdoors & parks
Tempe Town Lake
Tempe
A two-mile urban lake where rowers train at sunrise and festival crowds gather at dusk—framed by downtown Tempe's skyline and ASU campus.
lakepaddlingurban
Dining & food
1912 Lounge at Crowne Plaza Phoenix-Chandler Golf Resort
1 N. San Marcos Place, Chandler
Settle into 1912 Lounge at the Crowne Plaza for craft cocktails and elevated snacking in a resort setting designed for unwinding.
Dining & food
It’s All Greek to Me Tempe Marketplace
2000 E Rio Salado Pkwy, Tempe
It's All Greek to Me brings the Aegean to Tempe Marketplace with towering gyros and a modern spin on timeless Mediterranean flavors.
Dining & food
Joe's Real BBQ
Gilbert
Joe's Real BBQ has been smoking pecan wood in a 1929 grocery building since 1998—the founding anchor of Gilbert's Heritage District.
barbecuegilbertheritage-district
Dining & food
Lucille's Smokehouse Bar-B-Que Tempe Marketplace
2000 E Rio Salado Pkwy, Tempe
Lucille's brings authentic Southern barbecue to Tempe Marketplace with low-and-slow smoking and award-winning meat that falls clean from the bone.
Frequently asked questions
What is it like to live in Tempe?
Tempe is a lively, youthful college town anchored by Arizona State University and the waterfront at Tempe Town Lake. Mill Avenue brims with dining, music and energy, while the Valley Metro light rail and extensive bike routes give it the metro's best transit and pedestrian access. It's walkable, spirited and always in motion.
How walkable is Tempe?
Tempe has a Walk Score of 78, making it very walkable — most errands can be done on foot.
What are the best-rated schools in Tempe?
Top-rated schools include Tempe High (6/10), Marcos de Niza (6/10) (GreatSchools-style ratings out of 10).
What is the weather like in Tempe?
Phoenix-metro sunshine year-round — about 299 sunny days a year. Summer highs average 107°F and winter highs about 67°F.
What are property taxes and rental yields in Tempe?
Effective property tax is about 0.6% per year; estimated gross rental yield is around 5.5%; typical HOA: Townhomes $150–250/mo.
What is the median home price in Tempe?
The median home price is around $520,000; median household income is about $62,000.