Market Snapshot
- Median listing price
- $430K
- Median rent
- $1,495/mo
- Days on market
- 395 days
- Gross rental yield
- 4.17%
- STR vs LTR
- $2,078/mo STR · $1,495/mo LTR
The median listing price in Tempe, AZ ZIP 85281 is $430,000 as of June 2026.
The median market rent in Tempe, AZ ZIP 85281 is $1,495/month as of June 2026.
The median days on market in Tempe, AZ ZIP 85281 is 395 days as of June 2026. The market is currently neutral.
At a median list price of $430,000 and a median rent of $1,495/month, the gross rental yield in Tempe, AZ ZIP 85281 is 4.17% as of June 2026.
In Tempe, AZ ZIP 85281, median Airbnb revenue is $2,078/month compared to median long-term rent of $1,495/month as of June 2026.
Tempe, AZ 85281 Real Estate Market Report
ZIP Code: 85281
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Tempe AZ 85281 average 6.6%, reflecting a stable market environment compared to the 6.0% to 6.5% range seen earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The primary indicator, median sold price, is $406,000, which anchors recent transaction values and suggests realized market value is below asking expectations given the median listing price of $430,000; this gap may indicate pricing friction between sellers and buyers.
- Sales liquidity appears slow given the median days on market of 395, which points to extended marketing periods and slower sales velocity that may increase buyer negotiation leverage.
- Price direction is positive with the price year-over-year trend marked up, while the market temperature is neutral, implying pricing is appreciating but the competitive balance remains stable rather than overheated.
- Interest rate pressure is elevated (current local 30-year fixed average ~6.6%), combined with rents trending down, and a median price per square foot of $292 and median market rent of $1,495; elevated interest rate pressure may constrain buyer demand and favor more cautious pricing strategies by sellers.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Sold above market average
Sold at market average
Sold below market average
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 0.4% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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