ASU Homes For Sale In Tempe
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Arizona State University (ASU) is one of the nation’s largest and most respected public universities, making the surrounding neighborhoods some of the most sought-after real estate markets in the Phoenix metropolitan area. Homes near the ASU Tempe Campus appeal to students, professors, healthcare professionals, investors, and homeowners who want to enjoy a walkable lifestyle with easy access to employment, entertainment, and transportation.
The neighborhoods surrounding ASU include Maple-Ash, University Park, Mitchell Park, Alameda-Campus, Tempe Gardens, Broadmor, Riverside, and Downtown Tempe, each offering a unique mix of historic homes, newer townhomes, luxury condominiums, and investment properties. Residents enjoy quick access to Mill Avenue, Tempe Town Lake, Mountain America Stadium, Desert Financial Arena, Valley Metro Light Rail, and numerous parks and recreational amenities. The area continues to attract strong buyer demand because of ASU’s ongoing growth, expanding technology employers, and vibrant downtown environment.
| Quick Fact | Homes Near Arizona State University |
|---|---|
| Location | Neighborhoods surrounding the ASU Tempe campus in Tempe |
| Neighborhoods | Maple-Ash, University Park, Mitchell Park, Alameda-Campus, Tempe Gardens, Broadmor, Riverside, Downtown Tempe |
| Home Types | Condominiums, townhomes, patio homes, duplexes and single-family homes, one to six bedrooms |
| Resident Amenities | Tempe Town Lake, Mill Avenue District, Valley Metro Light Rail, Tempe Streetcar, parks and trails |
| Shopping & Dining | Tempe Marketplace, Arizona Mills, Mesa Riverview, Culinary Dropout, House of Tricks, Four Peaks Brewing |
| School District | Tempe Elementary School District and Tempe Union High School District |
| Real Estate | Approximately $300,000 to over $1.5 million; median listing price about $485,000 |
| Home Sizes | Approximately 600 to over 4,000 square feet |
| Nearby Areas | Papago Park, Desert Botanical Garden, Phoenix Zoo, Hayden Butte Preserve |
Homes Near Arizona State University at a Glance: This page covers the neighborhoods surrounding the ASU Tempe campus, including Maple-Ash, University Park, Mitchell Park, Broadmor and Downtown Tempe, with housing ranging from condominiums to luxury custom homes.
ASU Area Real Estate Market Overview
The neighborhoods surrounding Arizona State University remain among the strongest real estate markets in Tempe due to consistent demand from owner-occupants and investors.
Current home prices generally range from approximately $300,000 for condominiums and townhomes to more than $1.5 million for luxury custom homes, while many detached single-family homes near campus fall between $475,000 and $850,000, depending on location, size, and updates. Condominiums popular with students and investors often range from 600 to 1,500 square feet, while single-family homes typically range from 1,200 to over 4,000 square feet. The median listing price for homes near ASU is approximately $485,000, reflecting continued buyer demand.
Homes Near Arizona State University
Buyers will find an outstanding variety of housing options surrounding the ASU Tempe campus.
Typical property features include:
- Approximately 600 to over 4,000 square feet
- Condominiums, townhomes, patio homes, duplexes, and single-family homes
- One- to six-bedroom floor plans
- Historic homes dating to the 1940s and 1950s
- Modern infill construction
- Luxury townhomes
- Investment properties
- Short-term and long-term rental opportunities (subject to local regulations)
- Updated kitchens and open-concept floor plans
- Private pools on many single-family homes
- Walkability to campus and downtown amenities
Many homes have been renovated with quartz countertops, luxury vinyl flooring, energy-efficient windows, smart-home technology, and contemporary finishes.
Builders and Development
The neighborhoods surrounding ASU have developed over many decades, resulting in a diverse mix of architecture and builders.
In addition to historic homes, recent redevelopment has included projects from builders such as:
- Toll Brothers
- DR Horton
- Lennar
- Local custom builders
- Boutique infill developers
Architectural styles include:
- Ranch
- Mid-Century Modern
- Contemporary
- Craftsman
- Spanish Revival
- Modern Urban Townhomes
- Luxury Condominiums
Community Amenities
Living near ASU provides access to one of the Valley’s most walkable urban environments.
Residents enjoy:
- Arizona State University campus
- Tempe Town Lake
- Mill Avenue District
- Valley Metro Light Rail
- Tempe Streetcar
- Extensive biking and walking trails
- Public parks
- Community events and festivals
- Performing arts venues
- Professional sporting events nearby
The combination of educational, recreational, and cultural amenities makes this one of the most dynamic places to live in Arizona.
Things to Do Near Arizona State University
Recreation
Nearby attractions include:
- Tempe Town Lake
- Tempe Beach Park
- Papago Park
- Desert Botanical Garden
- Phoenix Zoo
- “A” Mountain (Hayden Butte Preserve)
Entertainment
Residents enjoy:
- Mill Avenue restaurants and nightlife
- Mountain America Stadium
- Desert Financial Arena
- ASU Gammage
- Tempe Center for the Arts
- Tempe Marketplace
Shopping
Nearby shopping includes:
- Tempe Marketplace
- Arizona Mills
- Scottsdale Fashion Square
- Mesa Riverview
- Downtown Tempe boutiques
Dining
Popular restaurants include:
- Culinary Dropout
- House of Tricks
- Postino Annex
- The Chuckbox
- Four Peaks Brewing Company
- Pedal Haus Brewery
- Alter Ego
- Snakes & Lattes
Nearby Schools
The area surrounding ASU is served primarily by the Tempe Union High School District and Tempe Elementary School District, with nearby schools including:
- Broadmor Elementary School
- Scales Technology Academy
- McKemy Academy
- Tempe High School
Arizona State University itself is one of the nation’s largest public research universities and continues to be a major economic driver for the region.
Why Buyers Choose Homes Near ASU
Buyers continue to choose the ASU area because it offers:
- Walkability to campus
- Strong rental demand
- Excellent investment potential
- Vibrant downtown lifestyle
- Light Rail and Streetcar access
- Diverse housing options
- Major employment centers nearby
- Year-round entertainment
- Excellent restaurants
- Long-term appreciation potential
Frequently Asked Questions About Homes Near Arizona State University
1. What types of homes are available near ASU?
Buyers can choose from condominiums, townhomes, historic homes, new construction, luxury residences, and investment properties.
2. What is the average price of a home near Arizona State University?
Homes generally range from $300,000 to over $1.5 million, depending on the property type, size, and location.
3. Are homes near ASU good investment properties?
Yes. The consistent demand from students, faculty, university staff, and nearby employers has historically made this one of Tempe’s strongest rental markets.
4. How close are these neighborhoods to downtown Tempe?
Many neighborhoods are within walking or biking distance of Mill Avenue, Tempe Town Lake, and the ASU campus.
5. Can I walk to Arizona State University?
Many homes and condominiums are within a short walk, bike ride, or Streetcar ride of the Tempe campus.
6. Is public transportation available?
Yes. Valley Metro Light Rail and the Tempe Streetcar provide convenient transportation throughout Tempe, Mesa, Phoenix, and surrounding communities.
7. Are there luxury homes near ASU?
Yes. Several nearby neighborhoods offer custom homes and luxury properties priced above $1 million.
8. What employers are located near ASU?
Major employers include Arizona State University, Banner Health, State Farm, Amazon, SRP, and numerous technology companies in the Tempe and Scottsdale employment corridors.
9. What recreational opportunities are nearby?
Residents enjoy Tempe Town Lake, Papago Park, biking trails, kayaking, hiking, sporting events, concerts, museums, and year-round community festivals.
10. Why do buyers choose homes near Arizona State University?
Buyers appreciate the area’s walkability, strong investment potential, convenient transportation, vibrant lifestyle, employment opportunities, and long-term appreciation.
Learn More About Homes Near Arizona State University
Explore the latest listings, neighborhood information, and market updates on our Homes for Sale Near Arizona State University page.
Internal Link:
https://www.theholmgroupaz.com/asu-homes-for-sale-2
You can also browse additional Tempe neighborhoods and East Valley communities throughout our website.
For information about admissions, campus events, athletics, and university resources, visit the official Arizona State University website.
External Link:
https://www.asu.edu
Work With Andrew & The Holm Group
If you’re considering buying, selling, or investing in real estate near Arizona State University, Andrew & The Holm Group have more than 26 years of experience helping buyers and sellers throughout Tempe, Scottsdale, Phoenix, and the East Valley. Whether you’re purchasing a primary residence, an investment property, or a home for an ASU student or faculty member, our team provides expert local market knowledge, strategic marketing, and skilled negotiation to help you achieve your real estate goals.
Let The Holm Group Help You Sell or Find Your Next ASU, AZ Home.
Call Andrew @ The Holm Group Today at 480-206-4265.
Arizona State University Homes For Sale
Last Updated: October 2026
