Tempe arizona real estate
Tempe Arizona real estate represents a slice of interests that range from academic to big business. The largest school in the state, Arizona State University, sits in the middle of Tempe's 160,000-strong head count. Surrounding the school is a town with a higher concentration of tech businesses than most other places in Arizona. Along with these two strong factors, there are many other reasons why Tempe Arizona real estate is in such high demand.
For one, Tempe shares the eastern border of Phoenix with Scottsdale, which sits directly north of Tempe. The proximity to Phoenix's city center is perfect for commuters or other people who need to access the city often.
Unlike many large cities on the east coast and in the Midwest, one of the primary driving factors in the development of cities around Tempe was Arizona residential real estate. Whereas most cities out east started as either trading posts or industrial centers, Tempe began as farmland.
Since then, the beauty of the surroundings and the availability of Tempe Arizona residential real estate have attracted people of many professions, from IT to architecture. Tempe, home to ASU, is also home to 15 percent of Arizona's high tech companies. In fact, the University has its own research park to help bridge the gap between academic study and modern application.
Tempe is equally close to Arizona's Sky Harbour Airport, an international hub that seems to be constantly growing in both usage and convenience. Twenty-three different airlines now stop at Sky Harbor, including JetBlue and WestJet, two new additions. The airport has also recently expanded to include a new, fourth terminal that is filled with shops, restaurants, and other conveniences.
Many surveys from the last ten years show that most people who are looking for Tempe Arizona real estate are young homebuyers who have a median age of around 29. About half of the homes in Tempe are owner-occupied; the other half is a renter-occupied dwelling. Tempe's large concentration of students is a likely factor in explaining those statistics.
Though real estate in Arizona is widely varied, many people move to the area to obtain just one thing: space. Most people find that they can buy or build houses that are many times larger, with great desert and mountain views, for a fraction of what they would pay back east. The attractiveness of the agreeable climate, interesting history, and quick pace of development often reinforces their impulses to settle in the Tempe Arizona area.
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