Tempe Cascade median real estate price is $206,522, which is more expensive than 50.4% of the neighborhoods in Arizona and 54.8% of the neighborhoods in the U.S.
The average rental price in Tempe Cascade is currently $1,584, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 78.2% of the neighborhoods in Arizona.
Tempe Cascade is a suburban neighborhood (based on population density) located in Tempe, Arizona.
Tempe Cascade real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Tempe Cascade neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.
Vacant apartments or homes are a major fact of life in Tempe Cascade. The current real estate vacancy rate here is 24.4%. This is higher than the rate of vacancies in 90.4% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.