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What to Know Before Moving to Tempe, AZ: A Local Real Estate Knowledgeable's Perspective
Tempe, Arizona, located in the heart of the Valley of the Sun, is a vibrant city known for its energetic environment, sturdy sense of community, and proximity to Phoenix. Whether you’re drawn to the city for its proximity to Arizona State University, its active lifestyle, or its growing job market, Tempe gives something for everyone. As a local real estate knowledgeable, I’ve had the opportunity to witness firsthand the changes and growth within the area. In case you’re considering moving to Tempe, right here’s everything you need to know before making the leap.
1. Understanding the Neighborhoods
Tempe is a city that gives a wide range of housing options, from trendy apartments in the downtown space to family-friendly suburban neighborhoods. Understanding the layout of the city and its different neighborhoods will be key to finding the suitable place for you.
- Downtown Tempe: Known for its bustling environment, downtown Tempe is home to Arizona State University (ASU) and offers quite a lot of condos, apartments, and townhomes. For those who enjoy being in the center of the motion, with quick access to eating places, shops, and cultural events, this is the realm for you. However, it can get noisy, particularly on weekends when ASU students are out and about.
- South Tempe: In the event you’re looking for a more suburban environment, South Tempe might be a better fit. With tree-lined streets, larger properties, and a quieter vibe, this area is popular among households and those seeking more space. South Tempe also boasts excellent public schools, making it a perfect place for households with young children.
- North Tempe: Known for its various real estate options and proximity to the one hundred and one Freeway, North Tempe is perfect for people who want a balance of urban residing and suburban comfort. It’s a rising space with several new housing developments, so it’s price keeping an eye on for investment opportunities.
2. Real Estate Market Trends
Over the past decade, Tempe’s real estate market has seen significant growth. Home prices have steadily increased, particularly close to the university and downtown areas. Should you’re planning to buy a home, be prepared for competitive bidding, particularly for properties near ASU. On the rental side, demand for apartments has been high due to the influx of students and professionals moving to the area.
The current market is still comparatively robust, but potential buyers must be aware of fluctuations in interest rates and housing inventory. If you're looking for a home in Tempe, it’s greatest to work with a local real estate agent who can guide you through the process and enable you to find properties that suit your wants and budget.
3. Cost of Living
Compared to other major metropolitan areas within the U.S., Tempe is comparatively affordable. The cost of living is beneath the nationwide average, which makes it an attractive option for individuals and households looking to settle in a city with a great quality of life but without the steep costs of places like Los Angeles or New York.
That being said, house prices in Tempe have risen significantly in recent times, so it’s vital to be realistic about your budget. While South Tempe offers more affordable single-family houses, downtown Tempe and areas close to ASU could also be more expensive. Lease prices within the city have additionally elevated, particularly in newer apartment complexes, so it’s clever to start your search early.
4. Climate and Climate
Tempe’s desert climate is something to consider before making the move. The city experiences hot summers, with temperatures repeatedly exceeding a hundred°F, which could be a shock to those coming from cooler climates. Nonetheless, the dry heat is less oppressive than humid climates, and most properties come with air conditioning to keep things comfortable inside.
Winter months, alternatively, are gentle and nice, making Tempe a great place for outdoor activities 12 months-round. In case you enjoy hiking, biking, or simply walking round, you’ll love the abundance of trails and parks throughout the city.
5. Transportation and Accessibility
Tempe is well-connected to the rest of the Phoenix metro area. The city sits just just a few miles southeast of downtown Phoenix, with straightforward access to major highways such as the I-10 and the Loop 101. This makes commuting to different parts of the valley comparatively easy.
Public transportation in Tempe can also be convenient, with the Valley Metro Light Rail running through the city, connecting Tempe to Phoenix and Mesa. The city can be bike-friendly, with many residents opting to cycle to work or school. Additionally, with the expanding number of rideshare services like Uber and Lyft, getting around without a car has turn out to be easier.
6. Things to Do in Tempe
Tempe is a city filled with activities for all ages. If you’re an out of doors enthusiast, you’ll love the proximity to Arizona’s natural beauty. Tempe Town Lake provides boating, fishing, and walking trails, while close by South Mountain Park provides hiking and biking opportunities.
For individuals who enjoy cultural activities, Tempe boasts a lively arts scene, with venues like the Tempe Center for the Arts and numerous galleries showcasing local talent. Sports fans can cheer for the Arizona Cardinals or the Phoenix Suns, or catch an ASU Sun Devils game. Tempe additionally has an exciting restaurant scene, offering everything from casual eateries to fine dining options.
7. Final Thoughts
Moving to Tempe offers a dynamic lifestyle in a city that balances city living with suburban tranquility. Whether you are drawn to the thriving university atmosphere, the family-friendly neighborhoods, or the job opportunities within the tech and schooling sectors, Tempe has something for everyone. By understanding the local real estate market, considering your lifestyle preferences, and working with a local skilled, you’ll be well in your way to making Tempe your new home.
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