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Tempe, Arizona has a population of 169,712 residents and is home to three major universities. The city is located in Maricopa County and took its name from the Grecian Vale of Tempe. Located in the East Valley section of Metro Phoenix area, Tempe is bordered by Phoenix and Guadalupe on the West, Chandler at the South end, May said in the East and Scottsdale to the North.

The city is well known as a college town because many of the state’s educational facilities are located here. Arizona State University, Rios a lot of community college and Maricopa County community college reside here. Career learning institutions such as Brookline College, Southwest Institute of healing arts, Brian University and Lamson Junior-College is also situated in Tempe. The University of Phoenix has a campus in Tempe as well.

Is considered an inner suburb; positioned between Phoenix and Valley area. The town has a fairly dense population in relation to other suburban enclaves. Population density is more impactful in the northern and where the skyscrapers and office buildings are located. Moving out further to the South, the population thins out. This area has a more residential feel; single-family homes, strip malls and suburban shopping centers.

The median family homes in Tempe are currently valued at $206,000 due to a 13 percent rise over the previous year. Industry analysts predict a two percent increase over the next 12 months. The current median home price in town is $219,900 while the median list sale is $211,825. Real estate analysts consider Tempe to be a stable market for homeowners throughout the coming years.

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