Housing character
Tempe is Arizona State’s college town: 100,000 students drive a dense rental market of apartments, condos and older single-family homes near campus, plus the Mill Avenue district and Tempe Town Lake. New high-rises continue reshaping the skyline.
Price character
Mid-market overall, with investor math driven by rents rather than appreciation.
Zip codes
- 85281
- 85282
Financing here
Conventional Loans
A conventional loan is a mortgage not insured by the government that follows Fannie Mae or Freddie Mac guidelines.
Jumbo Loans
A jumbo loan is a mortgage larger than the FHFA conforming loan limit for your county, used for higher-priced homes.
DSCR Loans
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
Condo Loans
A condo loan is a mortgage on a unit in a condominium project, and approval depends on the building as well as the buyer.
FAQ
What is Tempe known for?
Tempe is Arizona State’s college town: 100,000 students drive a dense rental market of apartments, condos and older single-family homes near campus, plus the Mill Avenue district and Tempe Town Lake. New high-rises continue reshaping the skyline.
Who buys in Tempe?
Investors are the dominant buyers, targeting student rental demand with some of the metro’s strongest rent-to-price ratios. Parents of ASU students also buy condos as an alternative to dorm costs.
What do homes cost in Tempe?
Mid-market overall, with investor math driven by rents rather than appreciation. Get a quote based on the actual property, every block prices differently.