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.
Popular Streets in Tempe, Arizona
5th St74322$429,7194,298 Sq.Ft.5/13/20256th St65522$548,0763,924 Sq.Ft.5/23/2025Baseline Rd58022$361,60813,393 Sq.Ft.5/1/2025Broadway Rd48823$347,61811,807 Sq.Ft.5/21/2025Grove Pkwy45321$270,6124,595 Sq.Ft.3/14/2025La Jolla Dr46832$511,6962,702 Sq.Ft.5/29/2025Manhatton Dr44542$529,1131,798 Sq.Ft.4/25/2025Rio Salado Pkwy59222$589,55419,012 Sq.Ft.6/11/2025Southern Ave86722$299,4007,048 Sq.Ft.5/21/2025University Dr91122$352,70414,064 Sq.Ft.6/10/2025All Streets in Tempe, Arizona
Windjammer Way2632$636,5002,036 Sq.Ft.4/27/2023Woodman Dr11432$580,6492,015 Sq.Ft.2/19/2025Yale Dr16632$487,6511,568 Sq.Ft.4/4/2025Yvonne Ln4043$689,5252,219 Sq.Ft.2/3/202310442 N Highway 191Elfrida, AZ 85610
Estimated Value $129,000
Living Area 1,253 SqFt
Beds 2
Baths 2
Year Built 1961
Property Type Single Family
Ownership Type Individual
APN 403-70-001
Subdivision Sherman Oaks
School District Elfrida Elementary District
7280 N Central HwyMc Neal, AZ 85617
Estimated Value $402,000
Living Area 5,030 SqFt
Beds 3
Baths 2
Year Built 1998
Property Type Farm land
Ownership Type Related
APN 405-30-001B
Municipality DOUBLE ADOBE
School District Double Adobe Elementary District
7298 N Frontier RdMc Neal, AZ 85617
Estimated Value $79,000
Living Area 525 SqFt
Beds 1
Baths 1
Year Built 1987
Property Type Single Family
Ownership Type Related
APN 103-30-002B
Municipality BISBEE
School District Bisbee Unified District
7189 N Central HwyMc Neal, AZ 85617
Estimated Value $208,000
Living Area 1,519 SqFt
Beds 3
Baths 1.5
Year Built 1964
Property Type Single Family
Ownership Type Individual
APN 405-32-002A
Municipality DOUBLE ADOBE
School District Double Adobe Elementary District
10501 N Harris BlvdElfrida, AZ 85610
Estimated Value $220,000
Living Area 1,335 SqFt
Beds 2
Baths 1
Year Built 1942
Property Type Single Family
Ownership Type Related
APN 403-27-010
Municipality ELFRIDA VUHS
School District Elfrida Elementary District
3840 W Whitewater School RdElfrida, AZ 85610
Estimated Value $248,000
Living Area 1,800 SqFt
Beds 4
Baths 2
Year Built 1941
Property Type Single Family
Ownership Type Individual
APN 403-37-008
Municipality ELFRIDA VUHS ELFRIDA FIRE ELFR
School District Elfrida Elementary District
4947 W Prince RdMc Neal, AZ 85617
Estimated Value $199,000
Living Area 2,605 SqFt
Beds 3
Baths 1
Year Built 1974
Property Type Single Family
Ownership Type Related
APN 407-15-003
Subdivision Gila & Salt River Base & Merid
School District Bisbee Unified District
4842 W Gleeson RdElfrida, AZ 85610
Estimated Value $680,000
Living Area 1,612 SqFt
Beds 3
Baths 2
Year Built 1962
Property Type Farm land
Ownership Type Trust
APN 403-09-002
Municipality ELFRIDA VUHS
School District Elfrida Elementary District
3994 W Trails EndElfrida, AZ 85610
Estimated Value $232,000
Living Area 1,792 SqFt
Beds 3
Baths 2
Year Built 2000
Property Type Manufactured Homes
Ownership Type Related
APN 403-33-002E
Municipality ELFRIDA VUHS ELFRIDA FIRE ELFR
School District Elfrida Elementary District
3870 W Packer PlMc Neal, AZ 85617
Estimated Value $227,000
Living Area 2,400 SqFt
Beds 4
Baths 3
Year Built 2006
Property Type Manufactured Homes
Ownership Type Trust
APN 404-19-001N
Subdivision Mcneal Townsite
School District McNeal Elementary District
4049 W Sweet Dreams RdMc Neal, AZ 85617
Estimated Value $134,000
Living Area 980 SqFt
Beds 3
Baths 2
Year Built 1980
Property Type Manufactured Homes
Ownership Type Individual
APN 407-05-002K
Municipality DOUBLE ADOBE
School District Double Adobe Elementary District
8759 N Highway 191Mc Neal, AZ 85617
Estimated Value $258,000
Living Area 3,150 SqFt
Beds 24
Baths 2
Year Built 2006
Property Type Manufactured Homes
Ownership Type Multiple
APN 404-11-102B
Municipality MCNEAL
School District McNeal Elementary District
4415 W Gleeson RdElfrida, AZ 85610
Estimated Value $244,000
Living Area 1,540 SqFt
Beds 3
Baths 2
Year Built 1981
Property Type Single Family
Ownership Type Related
APN 403-27-004
Municipality ELFRIDA VUHS ELFRIDA FIRE
School District Elfrida Elementary District
3276 W White Feather RdMc Neal, AZ 85617
Estimated Value $94,000
Living Area 1,280 SqFt
Beds 4
Baths 2
Year Built 2000
Property Type Manufactured Homes
Ownership Type Related
APN 404-32-119
Subdivision Double E Ranch
School District McNeal Elementary District
6872 N Brooks RdMc Neal, AZ 85617
Estimated Value $139,000
Living Area 1,250 SqFt
Beds 3
Baths 2
Year Built 1982
Property Type Manufactured Homes
Ownership Type Corporate
APN 407-05-001A
Municipality DOUBLE ADOBE
School District McNeal Elementary District
4255 W Swisshelm TrlElfrida, AZ 85610
Estimated Value $149,000
Living Area 1,727 SqFt
Beds 3
Baths 2
Year Built 1986
Property Type Single Family
Ownership Type Corporate
APN 403-70-018
Subdivision Sherman Oaks
School District Elfrida Elementary District