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What to Know Earlier than Moving to Tempe, AZ: A Local Real Estate Expert's Perspective
Tempe, Arizona, situated in the heart of the Valley of the Sun, is a vibrant city known for its energetic ambiance, sturdy sense of community, and proximity to Phoenix. Whether or not you’re drawn to the city for its proximity to Arizona State University, its active lifestyle, or its rising job market, Tempe provides something for everyone. As a local real estate professional, I’ve had the opportunity to witness firsthand the adjustments and growth in the area. Should you’re considering moving to Tempe, here’s everything you should know earlier than making the leap.
1. Understanding the Neighborhoods
Tempe is a city that provides a wide range of housing options, from trendy apartments in the downtown space to family-friendly suburban neighborhoods. Understanding the format of the city and its totally different neighborhoods will be key to finding the appropriate place for you.
- Downtown Tempe: Known for its bustling environment, downtown Tempe is residence to Arizona State University (ASU) and provides a variety of condos, apartments, and townhomes. In case you enjoy being in the center of the motion, with quick access to eating places, shops, and cultural occasions, this is the area for you. However, it can get noisy, particularly on weekends when ASU students are out and about.
- South Tempe: Should you’re looking for a more suburban environment, South Tempe might be a better fit. With tree-lined streets, bigger homes, and a quieter vibe, this space is popular among families and people seeking more space. South Tempe additionally boasts glorious public schools, making it a super place for families with young children.
- North Tempe: Known for its diverse real estate options and proximity to the one zero one Freeway, North Tempe is ideal for people who want a balance of urban living and suburban comfort. It’s a growing space with a number of new housing developments, so it’s value keeping an eye on for investment opportunities.
2. Real Estate Market Trends
Over the previous decade, Tempe’s real estate market has seen significant growth. Home prices have steadily increased, particularly near the university and downtown areas. Should you’re planning to purchase 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 inflow of students and professionals moving to the area.
The present market is still relatively sturdy, however potential buyers should be aware of fluctuations in interest rates and housing inventory. When you're looking for a home in Tempe, it’s best to work with a local real estate agent who can guide you through the process and allow you to discover properties that suit your wants and budget.
3. Cost of Living
Compared to different major metropolitan areas in the U.S., Tempe is comparatively affordable. The cost of living is under 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 years, so it’s important to be realistic about your budget. While South Tempe presents more affordable single-family properties, downtown Tempe and areas close to ASU could also be more expensive. Rent prices within the city have additionally increased, particularly in newer apartment complexes, so it’s wise to start your search early.
4. Climate and Climate
Tempe’s desert climate is something to consider earlier than making the move. The city experiences hot summers, with temperatures usually exceeding 100°F, which generally is a shock to these 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 an awesome place for outside activities year-round. If 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 a couple of miles southeast of downtown Phoenix, with simple access to major highways such as the I-10 and the Loop 101. This makes commuting to other parts of the valley comparatively easy.
Public transportation in Tempe can also be handy, with the Valley Metro Light Rail running through the city, connecting Tempe to Phoenix and Mesa. The city is also 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 round 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. Should you’re an outside fanatic, you’ll love the proximity to Arizona’s natural beauty. Tempe Town Lake affords boating, fishing, and walking trails, while close by South Mountain Park provides hiking and biking opportunities.
For those who enjoy cultural activities, Tempe boasts a lively arts scene, with venues like the Tempe Center for the Arts and quite a few 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, providing everything from casual eateries to fine dining options.
7. Final Ideas
Moving to Tempe presents a dynamic lifestyle in a city that balances city dwelling with suburban tranquility. Whether or not you're drawn to the thriving university environment, the family-friendly neighborhoods, or the job opportunities within the tech and training sectors, Tempe has something for everyone. By understanding the local real estate market, considering your lifestyle preferences, and working with a local knowledgeable, you’ll be well in your way to making Tempe your new home.
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