Tempe Arizona Living

The City of Tempe, Arizona, has grown from a small college town and bedroom community into a center of learning, culture, and technology. Downtown Tempe, which is centered between the newly developed Tempe Town Lake and Arizona State University, offers a unique urban lifestyle in the metro Phoenix area and many opportunities to "live, work and play" in one location.

The city enjoys a diversified economic base with a strong presence of technology companies. In fact, Tempe has the highest concentration of technology firms in the state and is ground zero for the Tech Oasis in the Metro Phoenix area.

Tempe also has a young, highly educated, skilled workforce that fuels the city's thriving and diverse economy excellent for real estate opportunities.

Not only is Tempe a hotspot for business, but it has flourished into one of valley's meccas for entertainment. Truly, Tempe is a city where life and work connect making purchasing real estate the right choice.

Tempe Median Home Price

The median price of a pre-owned home is about $166,925.

Population, 2004 - 160,820

Growth, 1990-2004 - 13.4%

Total Civilian Labor Force, 2000 - 94,861

Employed 90,791
Unemployed 4,070

Median Age, 2000 - 28.8 years

0 - 17 years 19.8%
18 - 24 years 21.3%
25 - 59 years 49.0%
60 - 74 years 6.6%
75+ above 3.3%

Education, 2000

High school graduate 17.9%
Some college 35.5%
Bachelors degree 25.0%
Graduate or professional degree 14.6%

Median Household Income,2000 - $42,361
Real Estate, 2003

Median home price, resale $166,925
Total housing units 68,365

Sales Tax Rate, 2003 8.1%

Tempe's Population and Workforce

Tempe is the seventh largest city in Arizona with a population of 160,820. Tempe's workforce is comprised of 94,861 energetic, highly educated, and skilled workers. Also, a pool of more than a million workers reside within a 30 minute commute of the city.

Tempe's Principal Industries

For many years, Tempe depended on ASU for its prosperity. While the University certainly qualifies as a major industry on its own, with over 50,000 students and a staff of over 10,000, Tempe has also developed a multi-faceted economic base, including more than 800 manufacturing firms employing over 22,000 workers. In fact, the industrial sector is the largest sector in Tempe, employing 33 percent of Tempe's labor force.

Tempe Education

The Tempe Elementary School District, Tempe Union School District and Kyrene Districts are comprised of 48 elementary and middle schools, and seven high schools. Additionally, there are eight private elementary and high schools.

Tempe is also home to Arizona State University (ASU), which is the third largest University in the country. ASU is a Research I University, designated as one of the top research schools in the nation.

While ASU dominates the halls of higher education in Tempe, the city is also home to a variety of public and private trade schools and colleges, such as: Rio Salado Community College, Al Collins Graphic Design School, and The University of Advancing Computer Technology.

Tempe Real Estate for You

We hope that in reviewing the information on this page and the properties available for sale at this time in the Mesa Arizona area, that you will be interested in real estate in this city.