As one of the fastest-growing cities in the United States, Tempe, AZ benefits from a bustling economy driven by industries like retail trade, educational services, and health care. The presence of Arizona State University, one of the largest universities in the nation, also fuels the demand for housing, and attracts students, faculty, and staff to the area to create a steady stream of renters and homebuyers.
Its proximity to Phoenix (a mere 22 minutes away) make Tempe a prime location for real estate investment. Upscale and safe neighborhoods like Alta Mira, Dava-Lakeshore, and Optimistic Park SE regularly attract professionals and families who are looking to put roots down in this affordable and exciting Southwest city.
With year-round sunshine enhancing its appeal and an abundance of outdoor recreational opportunities to choose from in every season, Tempe attracts a lot of interest in people who are looking for modern condominiums and apartments in the vibrant downtown area, or spacious single-family homes in suburban neighborhoods. The city's thriving rental market presents opportunities for investors interested in income-producing properties, with high demand from both students and young professionals seeking convenient and affordable housing options.