Tempe, Arizona Real Estate

Tempe, AZ Homes for Sale — Town Lake, ASU & Urban East Valley Living

The East Valley's most walkable city — light rail, Tempe Town Lake, Mill Avenue, and 10 minutes to Sky Harbor. Ryan Moxley — top 1% REALTOR® serving Tempe buyers and investors.

Call (480) 227-9143 Start Your Search
$300K–$2M+
Home Prices
Light Rail
Valley Metro
2-Mile
Town Lake Reservoir
10 Min
To Sky Harbor Airport

The East Valley's most urban city — and its best-connected market.

Tempe is the East Valley's most urban city — a dense, walkable community centered on Arizona State University's main campus, Tempe Town Lake (the man-made reservoir on the Salt River that became Tempe's defining amenity in 1999), and Mill Avenue, one of the Phoenix metro's most genuinely active street-level retail and restaurant corridors. In a metro defined by car dependency, Tempe is the exception: neighborhoods near ASU, Town Lake, and Mill Avenue offer a pedestrian experience and public transit connectivity (Valley Metro Light Rail) that no other East Valley city can match.

Home prices in Tempe range from approximately $300K for condominiums and townhomes in the ASU-adjacent areas to $2M+ for custom lakefront properties on Tempe Town Lake. The most active owner-occupant market is $450K–$800K for single-family homes in south Tempe (near the Chandler border, served by Kyrene elementary schools) and the College Park neighborhood. Tempe's rental market is among the strongest in the East Valley, making it the most appealing city for investment buyers as well.

What makes Tempe unlike any other East Valley city.

What you can buy in Tempe.

Tempe's inventory spans investment-grade ASU-adjacent condos to lakefront custom homes — more variety by sub-market than any other East Valley city.

$700K – $2M+

Tempe Town Lake / Hayden Ferry

Lakefront condos and custom homes with waterfront lifestyle, premium finishes, and the Town Lake amenity as a daily backdrop. The most premium and most distinctive real estate in the East Valley.

$500K – $1M+

South Tempe SFR

Larger homes near the Chandler border with Kyrene A+ elementary schools, Ken McDonald Golf Course adjacency, and a more suburban character. The family-oriented Tempe sub-market.

$450K – $750K

College Park / Historic Tempe SFR

Walkable neighborhoods with tree-lined streets, bungalow and ranch character, and organic community feel. The most authentic residential Tempe — character homes at competitive price points.

$300K – $550K

ASU-Adjacent Condos & Townhomes

Investment-friendly product with light rail access, high rental demand from ASU students and young professionals, and walkability to campus. Among the strongest rental fundamentals in the Phoenix metro.

Tempe AZ Real Estate Market Overview

Tempe's market is driven by the dual engines of ASU rental demand and owner-occupant demand for Kyrene schools, walkability, and airport proximity.

$300K–$2M+
Home Price Range
Tempe AZ 2026
Light Rail
Valley Metro Access
PHX, Airport, Mesa
A+
Kyrene District (S. Tempe)
Elementary / Middle
10 Min
Sky Harbor Airport
Best in East Valley

The buyers who choose Tempe — and why.

Tempe attracts a more diverse buyer pool than any other East Valley city — from urban lifestyle seekers to serious investors to remote workers who fly constantly.

Urban Lifestyle Buyers

CA Urban Character Seekers

Buyers from Silver Lake, Echo Park, Culver City, Santa Cruz equivalents who need walkability and city character. Tempe is the only East Valley city that credibly delivers a daily urban experience.

Investors

ASU + Light Rail + Employment

ASU + light rail + employment proximity = perennially strong rental demand and among the best investment fundamentals in the East Valley. Consistent performance through economic cycles.

Remote Tech Workers

Airport & Connectivity First

Remote tech workers who want 10-minute Airport access and the most connected, walkable daily life in the East Valley. Tempe's transit infrastructure is unmatched outside of central Phoenix.

Schools in Tempe

  • Kyrene Elementary District (A+) — serves south Tempe, one of Arizona's top elementary districts
  • Tempe Elementary School District — serves central and north Tempe
  • Tempe Union High School District — Desert Vista, Tempe, and McClintock high schools
  • School zone varies significantly by address — always verify before purchase

Key Sub-Markets

  • South Tempe: Kyrene zone, family-friendly, most owner-occupant demand
  • College Park: historic walkable, bungalow character, organic community
  • Town Lake corridor: urban premium, lakefront lifestyle, highest price per sqft
  • ASU area: investment-grade, light rail access, strong rental demand
Your Tempe Expert

Ryan Moxley — Tempe Real Estate & Investment

Tempe is the East Valley's most investment-friendly market and its most urban community — and it's often overlooked by buyers who've been told to look in Gilbert or Chandler. Light rail, Town Lake, Sky Harbor proximity, Kyrene schools in the south — Tempe gives you more in a denser package. I know which streets and which sub-markets are worth premium and which ones aren't.

Credentials: Top 1% Arizona REALTOR® · My Home Group · 4.9 Stars · 30+ Verified Reviews · ADRE SA643872000 · Licensed in Arizona

RM

What Tempe buyers say about Ryan.

"I hope you are lucky enough to get this guy as your realtor. Ryan is the Real Deal and I have no doubt he will get you exactly what you are looking for."

— Verified Zillow Client · 4.9★ across 30+ reviews · Read all reviews

Tempe AZ Real Estate, answered.

What are home prices in Tempe AZ?
Tempe home prices range from approximately $300K for ASU-adjacent condos and townhomes to $2M+ for Tempe Town Lake lakefront custom homes. Single-family home prices in south Tempe (Kyrene school zone, near Chandler border) typically run $500K–$900K. College Park and historic Tempe SFR runs $450K–$750K. Investment condos near ASU: $300K–$500K.
Is Tempe AZ walkable?
By East Valley standards, Tempe is the most walkable community in the region. Mill Avenue, the ASU campus area, the Town Lake corridor, and several College Park neighborhoods have genuine pedestrian infrastructure and walkable daily services — a notable distinction in a metro where most cities require driving for every errand. Valley Metro Light Rail provides public transit access to downtown Phoenix, Sky Harbor Airport (1 stop), and Mesa.
Is Tempe AZ good for investment properties?
Yes — Tempe has among the strongest investment property fundamentals in the Phoenix metro: perennial rental demand from ASU students and young professionals, light rail connectivity, proximity to major employers, and a low vacancy rate relative to most East Valley markets. Short-term rental (Airbnb/VRBO) is permitted with city registration. Long-term rental demand is consistently strong throughout economic cycles.
What schools are in Tempe AZ?
South Tempe (roughly south of US-60) is served by Kyrene Elementary District (A+) — one of Arizona's top-rated elementary districts. Central and north Tempe is served by Tempe Elementary School District and Tempe Union High School District. School assignment varies significantly by address within Tempe — verify the specific school zone for any property you're considering.

Looking for Tempe Homes? Urban Living, Town Lake, or Investment?

Whether you're buying a primary residence in the Kyrene school zone, a lakefront condo on Town Lake, or an ASU-adjacent investment property, Tempe requires sub-market precision. The right street matters.

  • Investment property analysis — ASU and light rail corridors
  • South Tempe school zone verification by address
  • Town Lake / Hayden Ferry lakefront inventory
  • Remote buying support — tours, due diligence, coordinated closing

Start Your Tempe Search

Confidential, no pressure — a real conversation about the Tempe market.

Prefer to call? Reach Ryan directly at (480) 227-9143

Homes for Sale in Tempe

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