Performance indicators for the Tempe short-term rental market based on reliable data.
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The highest-performing listings in Tempe.
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Generally Investor friendly
Tempe explicitly allows STRs citywide and provides a clear, four‑step registration path (state TPT license, neighbor notice, county rental registration, city STR permit) without hard caps. Compliance costs are moderate: a $1,000 county registration penalty exists, monthly TPT filings are required, and typical occupancy/code rules apply, but licensing is straightforward and the process is predictable.
Local STR Agent
STR specialist · Tempe, AZ
Tempe, Arizona, is a bustling city located in Maricopa County with an estimated population of approximately 200,000 residents. It is situated about 10 miles east of Phoenix, the closest major city, making it an urban hub with a mix of residential, commercial, and recreational areas. Its proximity to Phoenix Sky Harbor International Airport, just over 6 miles away, adds to its accessibility and appeal for short-term rentals.
Tempe is well-known for being home to Arizona State University (ASU), one of the largest and most prominent public research universities in the United States. The university significantly impacts the local economy and culture, drawing visitors for academic, sporting, and cultural events. ASU
The city is also renowned for its outdoor and recreational amenities. Tempe Town Lake, a man-made reservoir in the heart of the city, offers opportunities for boating, fishing, and various water sports, as well as hosting numerous annual events and concerts. Tempe Town Lake
Mill Avenue District is another significant attraction featuring a lively array of shops, restaurants, and entertainment venues, making it a popular destination for both locals and tourists. The district is particularly known for its vibrant nightlife and cultural events, including the annual Tempe Festival of the Arts. Mill Avenue District
Moreover, Tempe's strategic location offers easy access to other regional attractions. Visitors can explore the Desert Botanical Garden in nearby Phoenix or take a short drive to the stunning hiking trails of Papago Park. Desert Botanical Garden Papago Park
Overall, Tempe's mix of educational institutions, recreational facilities, cultural amenities, and its proximity to Phoenix make it an attractive destination for short-term rentals, appealing to a diverse range of visitors from students and faculty to vacationers and business travelers.