Property Value

The graphs illustrate the distribution of property values across different locations: the United States, Arizona, Maricopa County, Tempe, and the Phoenix-Mesa-Chandler Metro Area:

·  Higher-Value Properties: Tempe and the Phoenix-Mesa-Chandler Metro Area stand out with a significantly higher proportion of properties valued between $300,000 to $499,999, exceeding the national average. Tempe also shows a notable share of properties in the $500,000 to $749,999 range, indicating a concentration of higher-value real estate compared to the broader regions.

·    Mid-Range Properties: Arizona, Maricopa County, and the broader United States have a more evenly distributed range of property values, with considerable shares in the $100,000 to $299,999 categories.

·   Luxury Market: Properties valued at $1,000,000 or more are not prevalent in Tempe, and Tempe has the lowest rate in this segment of property compared to nationwide, statewide, and Phoenix Metro area data. and the Phoenix-Mesa-Chandler Metro Area compared to the national level, highlighting these areas as hotspots for luxury real estate.

·     Lower-Value Properties: There is a smaller share of properties in the lowest price category ($0 to $99,999) across all areas, especially in Tempe, Maricopa County and the Phoenix-Mesa-Chandler Metro Area, which have very few properties valued under $100,000.

·    This data suggests that Tempe, along with the Phoenix-Mesa-Chandler Metro Area, hosts a higher concentration of mid to high-value properties, distinguishing it from the national and state averages, which include a broader spread of property values.