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Study Puts Tempe, Arizona In The Top-10 American ‘Boomtown’ List!

SmartAsset Study Puts Tempe & Mesa In The Spotlight

Recently, both the Tempe and Mesa, Arizona real estate markets received good news. In the latest study by SmartAsset, the two cities ranked in the Top 50 Boomtowns of America. While we’re doing a separate blog on Mesa’s housing market soon, today’s LUXE BLOG is on Tempe. Go Sun Devils! However, there’s MUCH more to this then ASU.

The study, which ranked on growth factors such as: GDP, population, household income, and the housing market, found Tempe was 7th in the country. Changes in most of the study’s categories were analyzed over a 5-year period.

Reported Statistics:

  • 11.88% – 5-Year Population Growth
  • 40.7% – 5-Year Median Household Income
  • 3.77% – Average GDP Growth

One of the most exciting aspects of the latest study is that NO ARIZONA cities ranked in 2019. Having two state cities rank is good news for Arizonans. Mesa came in at 42nd.

Photo of Tempe Town Lake. at night

How Strong Is The Tempe, Arizona Real Estate Market?

The Silicon Desert & Affordable Housing

As more technology companies such as Peloton, Amazon, and Deloitte build offices in Tempe, Arizona, housing prices grow. At the Nov. 5, 2021 State of the City address, Mayor Corey Woods and members of City Council announced the city has begun taking measures to address that very issue.

If you’re looking to invest in real estate in Tempe, Arizona, Williams Luxury Homes would LOVE to help. For now, enjoy some of Tempe’s latest listing for sale!

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Search Results: 139 Properties

Sold Price Last 3 mo.
Median
$430,000
Sale Price Today
Median
$495,000
Days on Market Last 3 mo.
Average
53

821 E Redondo Drive Tempe 85282

For Sale
$325,000
Bedrooms: 2
Baths: 2.5
Sqft: 1,310
MLS: #6327881
Broker: Hague Partners
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2035 S Elm Street 229 Tempe 85282

New Listing
$305,000
Bedrooms: 2
Baths: 2
Sqft: 1,004
MLS: #6329241
Broker: Opendoor Brokerage, LLC
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4411 S Mcallister Avenue Tempe 85282

New Listing
$540,000
Bedrooms: 3
Baths: 3
Sqft: 2,116
MLS: #6329402
Broker: Venture REI, LLC
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20 E Ellis Drive Tempe 85282

For Sale
$351,000
Bedrooms: 4
Baths: 2
Sqft: 1,536
MLS: #6302499
Broker: Venture REI, LLC
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7450 S Kenwood Lane Tempe 85283

For Sale
$849,900
Bedrooms: 5
Baths: 3.5
Sqft: 4,154
MLS: #6311282
Broker: My Home Group Real Estate
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420 W 1st Street 223 Tempe 85281

New Listing
$425,000
Bedrooms: 2
Baths: 2
Sqft: 1,055
MLS: #6329368
Broker: Opendoor Brokerage, LLC
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1726 E Dunbar Drive Tempe 85282

For Sale
$350,000
Bedrooms: 2
Baths: 2
Sqft: 1,313
MLS: #6326901
Broker: Bevco Properties, LLC
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1920 E Meadow Drive Tempe 85282

For Sale
$375,000
Bedrooms: 4
Baths: 2
Sqft: 1,867
MLS: #6328285
Broker: eXp Realty
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1517 S River Drive Tempe 85281

New Listing
$325,000
Bedrooms: 2
Baths: 2
Sqft: 1,080
MLS: #6329328
Broker: Coldwell Banker Realty
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302 E Fairmont Drive Tempe 85282

For Sale
$575,000
Bedrooms: 4
Baths: 2
Sqft: 2,050
MLS: #6324642
Broker: My Home Group Real Estate
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