Tempe, AZ
Landlord insurance in Tempe, Arizona
Coverage for rental homes and 2–4 unit buildings in Tempe, with local Census housing data. A quote is not a binder.
Owners who rent out property in Tempe, Maricopa County, are working in a market where 58% of occupied homes are rentals. The city counts about 189,834 residents; Arizona as a whole has a renter share of 33%.
Tempe at a glance for landlords
| Measure | Tempe | Arizona |
|---|---|---|
| Renter-occupied homes | 58% (45,152) | 33% |
| Median owner-occupied home value | $455,400 | $394,500 |
| Median gross rent | $1,743/mo | $1,543/mo |
| Median year structure built | 1984 | 1992 |
| Homes in 2–4 unit buildings | 8% | 5% |
| Single-family homes (detached or attached) | 48% | 69% |
Figures from the U.S. Census Bureau (ACS 2020–2024 five-year estimates; 2024 population estimates).
Dwelling limits for Tempe landlords
Tempe's median home value, roughly $455,400, gives a rough sense of what rentals here are worth; the state median is $394,500. For insurance, ask for a replacement-cost estimate on your specific building.
For context, the NAIC reported that Arizona dwelling-fire policies insuring $450,000 to $499,999 averaged $947 a year in 2023, against a statewide dwelling-fire average of $636. Those are owner-occupied dwelling-form figures, not landlord quotes.
Fair rental value coverage for Tempe units
Median gross rent in Tempe is about $1,743 a month. A year of lost rent at that level is roughly $20,916 per unit, a useful yardstick when you choose fair rental value coverage.
Building age and underwriting in Tempe
With a median year built of 1984, many Tempe rentals are reaching the age where original roofs, water heaters, and HVAC units are replaced. Note those dates on your request.
Tempe's mix of rental buildings
Tempe's housing is mixed: about 48% single-family, 8% in 2–4 unit buildings, and 42% in buildings of five or more units. Dwelling forms fit up to four units; larger buildings need commercial apartment coverage.
Comparing Tempe to neighboring cities
Nearby Phoenix reports 43% renter households and a $420,700 median home value, so proportionally fewer renters than Tempe. Mesa has a renter share of 36% with homes valued around $408,000 at the median. Chandler has a renter share of 35% with homes valued around $507,800 at the median. Among the 25 largest Arizona cities we profile, Tempe ranks 2 for renter share. Roughly 42% of homes in Tempe are in buildings of five or more units, the point where most owners move to commercial apartment policies.
Tempe weather exposures that affect landlord claims
In Tempe, think about wildfire in higher-elevation communities first, then monsoon wind and dust storms. Both appear frequently in Arizona property claims and can change which policy form and deductible make sense.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
What to have ready for a Tempe quote
- The Tempe address and how many units it has
- Construction year plus the age of the roof
- Lease type and whether the unit is ever empty
- Any system updates, with years
- Prior carrier, expiration date, and five-year loss history
- Who holds the loan, for the mortgagee clause
- How much liability and lost rent you want covered
Request a Tempe landlord quote
Questions from Tempe rental owners
How many renters live in Tempe?
About 58% of occupied homes in Tempe, roughly 45,152 households, are renter-occupied according to the 2020–2024 American Community Survey.
Do Tempe landlords have to carry insurance?
No Arizona law mandates it for Tempe owners, though lenders, HOAs, and property managers commonly require it.
What is a typical landlord premium in Tempe?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Arizona dwelling-fire average of $636; see our Arizona page for the full table.
Other Arizona cities
Landlord insurance in Arizona · Cost by state
Last updated October 15, 2026. Sources and method: how we research.