Foreclosure Homes in Tempe, AZ

Buyer vs Seller Market in Tempe, AZ

The real estate market in Tempe has been experiencing a continual rise in demand due to its popularity among young professionals and families. As a result, home prices have increased as buyers compete for limited inventory, leading to a competitive market that favors sellers. Nevertheless, Tempe remains a desirable area for those looking to invest in real estate, as the city's growth prospects continue to look positive.

Rental rates in Tempe also reflect the high demand, with many investors seeing solid returns from rental properties, particularly near ASU and in popular neighborhoods.

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 $1,587.00. 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.