Tempe Real Estate

Tempe Homes & Lifestyle
A Town Known For Delivering Higher Education And an Even Higher Quality Of Life

Just east of Phoenix lays Tempe, Arizona, home of Arizona State University. Bordered by Scottsdale, Phoenix, Chandler, and Mesa, Tempe is Arizona’s 7th largest city. With ASU faculty members from around the world, over 50,000 ASU students, and about 160,000 diverse residents making Tempe their home, this college town offers a lifestyle far from the typical college town experience.

Tempe, Arizona has over 750 high-tech firms that employ a workforce of more than 6,000 highly trained people. Resort guests are drawn to vacation in the Tempe area. Families have found Tempe provides a wide range of housing and a well-rounded environment for children. ASU students live in Tempe during the school year and often stay around for the summer. All these groups add to the unique mix of history, culture, retail shopping, dining, entertainment, sports and annual festival events that make Tempe, Arizona a town alive with excitement and vitality.

Regardless of what draws you to Tempe, you’ll find endless outlets for your passion in this community. Football fans show their true colors at the Sun Devil Stadium, home of the Fiesta Bowl, on ASU Sun Devil and Arizona Cardinals game days. Many Tempe homes are decorated with art and treasures found while spending the day shopping on Mill Avenue. Hang around the Avenue for dinner and hip nightlife. And forget New York. You can take in a Broadway show at Grady Gammage. If you’re up for a hike, there’s no better place than Tempe’s Papago Park and then cooling down at Tempe Town Lake.

Every year Tempe hosts their Spring and Fall Festival of the Arts that draws over 200,000 people to the city to stroll among the works of world renowned and local favorite artists and artisans. Tempe also hosts the famous Annual Block Party on New Year’s Eve when more than 100,000 revelers ring in the New Year. Tempe’s New Year’s Block Party rivals the celebration in Times Square.

Tempe Homes Range From Stylish Condos To Horse Ranches

Like many areas surrounding a major university, ASU and its students who rent their college “home away from homes” from savvy real estate investors affect Tempe’s real estate market. Tempe’s home prices fluctuate with ASU’s enrollment. A decrease lowers the average home cost. Likewise an increase bumps up the cost of Tempe homes. Lately, the enrollment has been on the downslide. That means you can find a great buy in Tempe real estate right now. But student rental housing is just one aspect of the Tempe market.

With affordable Tempe housing costs and Phoenix’s lower cost of living compared to the rest of the nation, buying a home anywhere in the Phoenix area is a great real estate investment, but Tempe is a prime location with its reasonable housing prices and community spirit.

Tempe offers a variety of homes to suit every lifestyle. You can find a home on the lake, a ranch-style home where you can keep your horses, and even trendy loft-style condos. The majority of multi-family homes are located in north Tempe; while families tend to head to south Tempe to purchase their single-family homes in subdivisions brimming with amenities.

Tempe is always all the rage with students, but retirees, “snowbirds”, and Phoenix urbanites wanting an escape from the big city are buying Tempe homes. If you’re looking for the exception to “you get what you pay for,” then buying a Tempe home may be your best bet.

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