The Lakes market snapshot
Source: [MLS/IDX feed], pulled [date]
$450K–$650KMedian price rangeEstimate — verify
$330–$400Price / sq ftEstimate — verify
40–60Days on marketEstimate — verify
$200–$450HOA / moEstimate — verify
The essentials
Housing stock
1970s–80s waterfront mid-century
New vs. resale
Mostly resale
Commute
~10 min to ASU / downtown Tempe
Schools
This area is associated with Tempe Elem; Tempe Union HS. I don't rate schools in my own voice — fit depends on your family and the specific assigned campus for an address. Review current ratings and report cards from neutral sources:
Lifestyle & amenities
Dining
Lakeside neighborhood dining
Recreation
Private lake, pools, tennis
Things to do
Private lake, sailing and paddling
Short-term rentals
Short-term rental status here: Restricted — Tempe limits short-term rentals. These rules change and can vary by property and city, so confirm current requirements for a specific address before counting on rental income.
The honest trade-offs
Every area has them, and naming them up front saves everyone time:
- Older homes and systems; review condition.
- HOA dues apply.
- Established mid-century stock.
Frequently asked
What's the median home price in The Lakes?
Based on early-2026 market reports, prices run roughly $450K–$650K, with price per square foot around $330–$400. These figures move with the market — verify against current MLS listings before relying on them.
What kind of homes are in The Lakes?
The housing stock is largely 1970s–80s waterfront mid-century (mostly resale).
Are short-term rentals allowed in The Lakes?
Short-term rental status here: restricted — tempe limits short-term rentals. These rules change and can vary by property — confirm current requirements for the specific address before buying.
Which schools serve The Lakes?
The area is associated with Tempe Elem; Tempe Union HS. Review current ratings and report cards through the Arizona Department of Education and GreatSchools, and confirm the assigned campus for a specific address.
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