Home to ASU, Mill Avenue, and Town Lake, Tempe is one of the Valley's most walkable, rental-heavy markets. I help buyers and investors move with strategy.
The index fell 18.8 points from last month. At 4.3 months of supply, well-priced homes sell and overpriced ones sit.
Buyer's market. 100 is balanced.
Last 12 months, single-family.
Near 4 is balanced.
Median price, year over year.
Updated 1 Oct 2026, data through 30 Sep 2026. Full report: Phoenix metro market update.
Source: The Cromford Report, data through 30 Sep 2026.
ASU and a dense job core drive year-round rental demand, a core factor for investors and house-hackers.
Tempe is landlocked and largely built out, which keeps supply constrained and supports long-run value.
Mill Avenue, Town Lake, light rail, and Sky Harbor next door make Tempe one of the metro's most connected addresses.
State Farm, GoDaddy, Honeywell, Carvana, and ASU concentrate tens of thousands of jobs in a small footprint.
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Built around Arizona State University, Tempe is the most walkable, urban corner of the metro. Mill Avenue and Tempe Town Lake anchor a downtown where more than 40,000 people work within a mile, and employers like State Farm, GoDaddy, Honeywell, and Carvana sit alongside the university.
Tempe is also essentially built out, landlocked by its neighbors, which keeps supply tight and demand, especially rental demand from students and young professionals, consistently deep. For investors, that scarcity is the story.
In a supply-constrained market like Tempe, the numbers matter even more, whether you are buying a home or a rental. I bring an investor's eye to rentability and resale, run the real math, and tell you honestly what a property is worth.
Whether it is a first home near campus, a walkable condo, or a rental you plan to hold, I will represent your interests with discipline and run a clean process from the first conversation to the keys.
"Doug has been there for us at every turn! Going above and beyond to meet our needs! If you are looking for that special home, reach out to Doug Palmer, he is your man!"
Let's talk about the neighborhood, the numbers, and the long game before you make a move. No pressure, no obligation.
Prefer to talk? Call or text 480-485-4261