Single-family Foreclosures in Tempe, AZ

Current Market Conditions in Tempe, AZ

Tempe's real estate market has seen significant growth over the past year, with an increase in demand driven by the influx of new residents and the vibrant housing market. Home prices have appreciated, reflecting the desirability of the area, and there is a mix of new construction and established homes available.

As more people are drawn to Tempe for its amenities and lifestyle, the rental market has also tightened, resulting in higher rental rates. Investors are increasingly looking at Tempe as a viable market for property investment, given its historical value retention and potential for appreciation.

Rent Prices In Tempe, AZ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tempe, AZ, is on a rollercoaster ride. The average rent price in Tempe, AZ, is $1,588.00. Indeed, when looking to rent in Tempe, AZ, you can expect to pay as little as $600.00 or as much as $5,780.00, with the average rent median estimated to be $1,500.00. The good news is that finding an affordable and desirable property to rent in Tempe, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.