For Sale
$400,000
1019 W Laguna Drive
Tempe, Arizona 85282
2 bd
2 ba
1,600 sqft
Homes for Sale in Tempe, AZ
Searching for homes for sale Tempe AZ in one of the Valley's most vibrant cities? Tempe is a dynamic college town anchored by Arizona State University, Tempe Town Lake, and the energy of Mill Avenue. Known for its walkability, light rail access, outdoor recreation, and central location between Phoenix, Scottsdale, and Mesa, Tempe attracts young professionals, investors, and families who want an active, well-connected lifestyle. Maria Perez, REALTOR with Sevilla Realtor AZ, has helped 1,000+ families and brings more than 20 years of Arizona real estate experience to your Tempe home search.
Why Buy a Home in Tempe, Arizona?
Tempe stands out in the Phoenix metro because of its unmatched combination of location, lifestyle, and long-term value. Arizona State University brings world-class education, research, arts, and culture to the city, while Tempe Town Lake offers kayaking, paddleboarding, running and cycling paths, festivals, and waterfront dining. Mill Avenue is the social heart of Tempe with restaurants, shops, bars, live music, and events throughout the year.
The city's light rail access connects residents to downtown Phoenix, Sky Harbor Airport, and Mesa, making Tempe one of the most transit-friendly cities in Arizona. Tempe is also one of the most bikeable cities in the Valley, with dedicated bike lanes, multi-use paths, and a compact urban layout that makes car-free commuting realistic in many neighborhoods.
For investors, Tempe's rental demand is among the strongest in the metro, driven by ASU students, university staff, and young professionals. For families, South Tempe offers established neighborhoods, good schools, and larger lots. And for anyone who values a central Valley location between Phoenix, Scottsdale, and Mesa, Tempe delivers access to everything without the drive times that come with more suburban communities.
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Tempe AZ Neighborhoods to Know
South Tempe
One of the most sought-after areas in Tempe, South Tempe features established single-family homes on larger lots, tree-lined streets, and access to well-regarded Kyrene schools. Many homes here were built in the 1970s through 1990s and offer generous yards, pools, and a quieter residential feel compared with areas closer to ASU. A strong choice for families, move-up buyers, and anyone who wants space and neighborhood stability.
North Tempe / ASU Area
The neighborhoods surrounding Arizona State University are among the most walkable in the Valley. Condos, townhomes, and smaller single-family homes dominate the housing stock, and proximity to campus, Mill Avenue, light rail, and Tempe Town Lake makes this area popular with students, young professionals, and investors looking for strong rental demand. Buyers should be aware of game-day traffic and the urban energy that comes with university neighborhoods.
Papago Park Area
Located near the intersection of Tempe, Scottsdale, and Phoenix, the Papago Park area offers a unique setting with desert views, hiking trails, the Phoenix Zoo, and the Desert Botanical Garden nearby. Homes here range from mid-century properties to newer builds, and the location provides quick access to Loop 202, Sky Harbor Airport, and Scottsdale. A distinctive choice for buyers who want nature and convenience in one place.
Alameda / Baseline Corridor
The area along Baseline Road and the broader Alameda corridor features a mix of older ranch-style homes and newer construction, with solid access to shopping, dining, schools, and major freeways. Buyers can find a variety of price points here, making it a practical option for first-time buyers and families who want central Tempe living without paying South Tempe premiums.
Warner Ranch
A well-established family-friendly community in south-central Tempe known for its parks, community pools, walking paths, and neighborhood events. Homes are primarily single-family residences from the 1980s and 1990s, and the area is served by Kyrene schools. Warner Ranch appeals to buyers who want a suburban neighborhood feel within Tempe's city limits, with easy access to I-10, Loop 101, and Chandler.
The Lakes
A distinctive Tempe community built around a series of man-made lakes, offering townhomes, condos, and single-family homes with waterfront or lake-view settings. Residents enjoy walking paths, fishing, and an active community lifestyle. The Lakes is popular with buyers who want a unique neighborhood character, HOA-maintained common areas, and a central location near Rural Road and Baseline.
Tempe Real Estate Market Overview
The Tempe AZ real estate market tends to be more competitive than many East Valley cities because of its central location, limited land for new construction, and strong demand from both owner-occupants and investors. Recent market data places typical Tempe home prices in the mid-$400,000s to mid-$500,000s, with condos and townhomes offering a more affordable entry point and single-family homes in South Tempe often exceeding the median.
Because Tempe is largely built out, inventory can be tighter than in cities like Mesa, Gilbert, or Chandler, where new master-planned communities continue to add supply. This means well-priced homes in popular Tempe neighborhoods can attract multiple offers, especially if they are updated, well-located, and move-in ready. Buyers should be prepared with strong pre-approval and a clear understanding of their budget.
ASU's presence creates a unique dynamic: rental properties near campus and along the light rail corridor tend to hold value well and attract consistent tenant interest, making Tempe attractive for buy-and-hold investors. A local Tempe AZ realtor can help you evaluate recent comparable sales, days on market, and pricing trends to position your offer competitively.
Currently on the market
Featured Tempe Listings
For Sale
$400,000
1608 S Torre Molinos Circle
Tempe, Arizona 85281
3 bd
2 ba
1,560 sqft
For Sale
$400,000
1901 S Shannon Drive
Tempe, Arizona 85281
3 bd
3 ba
1,655 sqft
For Sale
$399,999
2401 E E Rio Salado Parkway 1040
Tempe, Arizona 85288
2 bd
3 ba
1,100 sqft
For Sale
$399,999
1522 W 7th Street
Tempe, Arizona 85281
4 bd
2 ba
1,474 sqft
For Sale
$399,900
324 W Carmen Street
Tempe, Arizona 85283
2 bd
2 ba
1,330 sqft
What to Know Before Buying in Tempe
Tempe's housing stock varies significantly by area. North Tempe and the ASU corridor feature older homes, many built in the 1950s through 1970s, with smaller lots and character details. Some have been extensively remodeled, while others may need updates to roofing, plumbing, electrical, or HVAC systems. South Tempe homes tend to be newer, with larger lots and more traditional suburban layouts. Understanding the age and condition of a home is essential before making an offer.
ASU game-day traffic is a real factor for buyers near campus. Football Saturdays, large campus events, and graduation weekends can create significant congestion in the Mill Avenue and University Drive corridors. Buyers in north Tempe should plan around this seasonal pattern when evaluating how a home fits their daily routine.
Buyers in western Tempe, particularly near the Loop 202 and Sky Harbor Airport flight paths, should be aware of potential airport noise. Visiting the property at different times of day can help you assess the impact. HOA rules vary widely across Tempe communities, especially regarding rental restrictions, parking, pets, and exterior modifications. Always review the CC&Rs and HOA financials during the inspection period.
School districts in Tempe include Tempe Elementary School District, Kyrene School District (popular in South Tempe), and Tempe Union High School District. Boundaries can vary by address, so families should confirm school assignments directly with the district before purchasing.
Why Work With Maria Perez for Your Tempe Home Search
Buying a home in Tempe is easier when you have a knowledgeable local guide. Maria Perez, REALTOR with Sevilla Realtor AZ, brings more than 20 years of real estate experience and has helped more than 1,000 families throughout Maricopa County. Her credentials include GRI, ABR, SFR, CDPE, and CSSPE certifications, giving buyers access to experienced guidance in traditional purchases, buyer representation, distressed properties, and changing market conditions.
Maria is also bilingual in English and Spanish, helping clients understand each step clearly and confidently. Whether you are relocating to Tempe, buying your first home near ASU, investing in rental property, or looking for a family home in South Tempe, Maria provides practical advice without pressure.
Her approach is friendly, local, and focused on helping you make a smart decision for your family, lifestyle, and long-term goals. As a bilingual Tempe AZ REALTOR, Maria knows Tempe from the ASU campus to South Tempe, Warner Ranch, The Lakes, Papago Park, and beyond.
Frequently Asked Questions About Tempe AZ Real Estate
Is Tempe, AZ a good place to live?
Yes. Tempe is one of the most desirable cities in the Phoenix metro thanks to its central location, walkable neighborhoods, proximity to Arizona State University, Tempe Town Lake, Mill Avenue dining and entertainment, light rail access, and strong sense of community. It appeals to young professionals, families, investors, and anyone who wants an active, well-connected lifestyle in the Valley.
What is the average home price in Tempe, AZ?
Recent market data places typical Tempe home prices in the mid-$400,000s to mid-$500,000s range, depending on the neighborhood, property type, size, and condition. Condos and townhomes near ASU or Tempe Town Lake can offer a more affordable entry point, while single-family homes in South Tempe and established neighborhoods tend to be priced higher. A local market analysis is the best way to understand current value.
What are the best neighborhoods in Tempe for families?
Families often look at South Tempe for its established homes, larger lots, and access to well-regarded Kyrene schools. Warner Ranch is another popular family-friendly area with parks, community pools, and a neighborhood feel. Parts of the Alameda/Baseline corridor also offer a good mix of convenience, schools, and home styles. The best fit depends on your budget, school preferences, and commute.
Is Tempe a good city for real estate investment?
Tempe is considered one of the stronger investment markets in the Phoenix metro because of steady rental demand driven by ASU students, university employees, and young professionals. Condos and townhomes near campus and along the light rail corridor tend to attract consistent tenant interest. Investors should research HOA rental restrictions, city regulations, and neighborhood-level vacancy rates before purchasing.
How far is Tempe from Scottsdale and Phoenix?
Tempe sits between Phoenix and Scottsdale, making it one of the most centrally located cities in the Valley. Downtown Phoenix is roughly 10 to 15 minutes west, and Old Town Scottsdale is about 10 to 15 minutes north. Sky Harbor International Airport is just minutes away, and the Loop 101, Loop 202, I-10, and US 60 freeways all provide quick access to surrounding cities including Mesa, Chandler, and Gilbert.
Ready to Find Your Home in Tempe?
Whether you are just starting to explore homes for sale in Tempe AZ or you are ready to schedule showings, Maria Perez is here to help you move forward with clarity. With 20+ years of experience, 1,000+ families helped, and bilingual service in English and Spanish, Maria can guide you through Tempe AZ real estate with local knowledge and steady support.
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