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Our Tempe, AZ real estate website provides a wealth of information for home buyers and home sellers. Below, you will find information on the history and culture of Tempe as well as links to more detailed information such as demographics and schools. You may view a virtual tour, search homes for sale, and access information on different types of properties such as condos, farms, foreclosures, and vacation homes. This website will give you everything you need to buy or sell a home in Tempe, AZ.
Virtual Homes is a full-service residential real estate company dedicated to providing a wealth of real estate and local community information to home buyers and home sellers. Our agents are ready to assist you with all of your real estate needs.
Tempe AZ Community Profile & History
Tempe, Arizona is a major suburb of Phoenix and the home of Arizona State University. An economic hub of the region, Tempe is also home to the corporate hearquarters of Insight Computers, Edward Jones, Medtronic, Motorola, JPMorgan Chase Bank and Wells Fargo among others.
Originally inhabited by the Hohokam Indians, the land along the Salt River that now comprises Tempe was first explored by the California Volunteers in the mid-19th century. They established Fort McDowell as a base for future settlement in 1865. Tempe was created in 1879 by combining the settlements of "Hayden's Ferry" and "San Pablo," located west and east of Hayden Butte, respectively. The two settlements benefited from the newly established Tempe Irrigating Canal Company, which provided the water for alfalfa, wheat, barley, oats and cotton. In 1885, Arizona Territorial Legislature chose Tempe for the site of the Territorial Normal School, which became Arizona Normal School, Arizona State Teachers College, Arizona State College and finally Arizona State University.
The Maricopa and Phoenix Railroad, built in 1887, crossed the Salt River at Tempe, linking the town to the nation's growing transportation system. The Tempe Land and Improvement Company was formed to sell lots in the booming town. By the early 20th century, Tempe had emerged as one of the most important business and shipping centers for the surrounding agricultural area. The completion of Roosevelt Dam in 1911 guaranteed enough water to meet the growing needs of Valley farmers from the early 20th century to the present. On his way to dedicate the dam, former President Theodore Roosevelt applauded the accomplishments of the people of central Arizona and predicted that their towns would grow to become prosperous cities. Less than a year later, Arizona became the 48th state, and the Salt River Valley was well on its way to becoming the new population center of the Southwest.
Today, Tempe is a burgeoning industrial, cultural and transportation center for the greater Phoenix region. On New Year's Eve, the city hosts the Insight Fiesta Bowl Block Party, one of the nation's largest New Year's Eve parties. Located at the heart of Arizona's Valley of the Sun, Tempe offers gorgeous natural surroundings, a thriving economy, top-notch recreational facilities, and a matchless quality of life.
Tempe Arizona Community Information
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Different financing alternatives are available depending on whether you are purchasing a single family, condo, multi-family, or investment property. Understanding the pros and cons of each may help you decide which option is the best for you. Speak to our buyer agent professionals and mortgage partners to understand and evaluate your options.