Real Estate Investing in Tempe, Arizona (85283)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 85283 (Tempe, AZ)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Tempe, AZ (85283)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 85283 Tempe
ZIP 85283 in Tempe, AZ carries a significant set of headwinds. Home values near $453K and rents of $1,567/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $453K asset, 85283 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 85283's metrics run below Maricopa County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 85283 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Tempe:
Property Strategy for 85283
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $302,881 | $2,080 | 4.9% | +6.4% | $151,440 |
| 3BR | $457,528 | $2,770 | 4.4% | +6.7% | $152,509 |
| 4BR | $574,281 | $3,080 | 3.9% | +6.9% | $143,570 |
| 5BR | $689,603 | — | — | +7.2% | $137,921 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 85283 Compare?
| Metric | 85283 | Tempe | Phoenix-Mesa-Chandler, AZ | Arizona |
|---|---|---|---|---|
| Home Value | $452,842 | $507,710 | N/A | $419,643 |
| 5-Year CAGR | 2.4% | 2.6% | N/A | 6.5% |
| Avg Rent | $1,567 | $1,907 | N/A | - |
| Cap Rate | 2.7% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 85283 (Tempe, AZ). Anonymous, moderated, never written by AI.
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Property managers serving Maricopa County
Manage rentals here? List your business →Active Renter Property Management offers rental property management services in Phoenix, Arizona, including a 6-month tenant guarantee. summary from their website
Arête Realty and Property Management, LLC offers property management services and real estate expertise in Glendale, Avondale, Chandler, Mesa, Gilbert, Sun City, Paradise Valley, Scottsdale, and Peori summary from their website
Arizona Community Management Services offers a comprehensive suite of services for Association leaders, including board training, financial management, and covenants enforcement, with decades of exper summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $452,842 |
| Monthly Rent | $1,567 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 5.1% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +2.4% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | -4.9% ▼ |
| 3-Year CAGR | -2.7% ▼ |
| 5-Year CAGR | -0.8% ▼ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 85283
Population: 46,789
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 85283
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 12,676 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Tempe, AZ?
Investors in Tempe, AZ typically see rents near $1,567/mo per month against $453K home values - a solid setup for rental cash flow.
Should investors worry about vacancy in Tempe, AZ?
Tempe, AZ sees elevated vacancy, which is reasonable relative to the broader AZ rental market.
Is Tempe, AZ a smart market for rental property?
With a 3.0/5 investability score, Tempe, AZ ranks as a solid market for rental property investors. Median prices of $453K and rents of $1,567/mo drive the underlying numbers.
How strong is the working-renter base in Tempe, AZ?
The renter base in Tempe, AZ is reasonable for the $1,567/mo price point. Screening well and pricing to market typically yields predictable tenants.
What strategy should investors use in Tempe, AZ?
Investors usually favor careful cash-flow rentals with hands-on management in Tempe, AZ. With home values at $453K and rents near $1,567/mo, other strategies can work but produce even-keeled rather than outsized returns.
You know 85283 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 85283 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 85283 ranks in Phoenix-Mesa-Chandler, AZ
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