85281 — Tempe, AZ Home Values
Typical home value $398,614 as of June 2026 · 92nd of 149 in Phoenix-Mesa-Chandler, AZ
Blue: typical home value (Zillow ZHVI) in ZIP code 85281, June 2021 to June 2026. This page shows observed data only; no forecast.
How 85281 compares in the Phoenix-Mesa-Chandler, AZ area
ZIP code 85281 (Tempe, AZ) has a typical home value of $398,614 as of June 2026, ranking 92nd of 149 ZIP codes tracked in the Phoenix-Mesa-Chandler, AZ area, more expensive than about 39% of ZIP codes in the metro. Prices here have moved -3.1% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +12.0%, from $356,031 in June 2021 to $398,614 in June 2026. Against observed rent, the typical home here sells for 19.7× the annual rent ($1,687/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Phoenix-Mesa-Chandler, AZ forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Phoenix.
Population and demographics
ZIP code 85281 has a population of 70,726, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 49% White, 24.9% Hispanic or Latino, 11.8% Asian, 6.4% Black or African American, 5.5% two or more races, 1.5% American Indian or Alaska Native, 0.5% another race, and 0.4% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| ASU Preparatory Academy Digital | 1130 E University Dr STE 230, Tempe, AZ | 0.8 mi |
| Ombudsman - Charter Northeast | 1290 N. Scottsdale Road STE 13, Tempe, AZ | 1.1 mi |
| New School for the Arts Middle School | 1216 E APACHE BLVD, TEMPE, AZ | 1.2 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 85281?
$398,614 as of June 2026, the latest month Zillow has published observed data for.
Is 85281 an expensive ZIP code in the Phoenix-Mesa-Chandler, AZ area?
85281 ranks 92nd of 149 ZIP codes in the Phoenix-Mesa-Chandler, AZ area by typical home value, more expensive than about 39% of ZIP codes in the metro.
How much have home values in 85281 changed over the past year?
-3.1% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 85281?
The typical home price is 19.7× the observed annual rent in this ZIP code ($1,687/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 85281?
70,726, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 85281?
ASU Preparatory Academy Digital (0.8 mi), Ombudsman - Charter Northeast (1.1 mi), New School for the Arts Middle School (1.2 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 85281?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Phoenix-Mesa-Chandler, AZ forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.