TEMPE
Tempe is home to Arizona State University and is the only city in the metro area that has all 5 freeways running through it. Located in the northernmost part of the southeast valley, Tempe is convenient to everything. Homes around the university are typically 1950’s and 60’s ranches while homes in south Tempe are typically 1980’s and 90’s with larger lots.
QUICK STATS
AVG. PRICE: $444,100
POPULATION: 188,800
HOUSEHOLDS: 76,669
PROS
- Very diverse, progressive population
- Partly urban and partly suburban, Tempe offers the best of both worlds
- Quick commute to anywhere in town
- The city is landlocked, so property values hold their value
CONS
- Many North Tempe communities have a large quantity of rental properties due to their proximity to ASU
- Homelessness can be an issue near downtown Tempe
- Higher home prices for older homes on smaller lots