Home Insurance in Tempe, Arizona
Homes in Tempe carry a median value of $455,400 - close to the Maricopa County median.
Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Tempe was built around 1984. About 5% of homes were built before 1960, about 2 points below Maricopa County's 7%.
The housing stock in Tempe is 48% single-family homes, 42% apartments in buildings with 5+ units and 2% mobile or manufactured homes.
In Tempe, about 63% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
About 42% of occupied homes in Tempe are owner-occupied. The vacancy rate is 9%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
78% of homes in Tempe are primarily heated with electricity.
Maricopa County had 12,101 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is inland flooding (Very High). See the full Maricopa County home insurance overview for all FEMA hazard ratings and flood coverage details. Flood damage is excluded from a standard homeowners policy.
In Arizona, the statewide average premium for a standard HO-3 homeowners policy is $1,194 per year (NAIC, 2023 data).
Key figures
| Median home value | $455,400 |
|---|---|
| Median year built | 1984 |
| Owner-occupied share | 42% |
| Share of owner-occupied homes with a mortgage | 63% |
| Top county hazard | Inland Flooding (Very High) |
| Active NFIP policies in Maricopa County | 12,101 |
| Home insurance premium | $1,194 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)