Tempe has made a name for itself in the technology space since the development of Tempe Town Lake.
Tech giants like Opendoor, Amazon, Microsoft and Align Technologies all call the East Valley home, and many have opened new headquarters in Tempe in the last year alone. That boom has benefitted the city’s economy, but it’s also impacting its housing prices in a real estate market that can’t keep up with the demand.
According to data from Zillow, the home value index in Tempe as of April 2022 was $481,590. In April 2021, that number was just $378,000 – an increase of 27.3%.
