There are several pros and cons to consider when it comes to home ownership in Tempe, Arizona. Here are a few:

Pros:
1. Stability: Owning a home in Tempe can provide stability as you can't be evicted by a landlord, and you have more control over your living situation.
2. Building equity: Instead of paying rent and building your landlord's equity, you are building your own equity with a mortgage payment.
3. Tax benefits: Homeowners in Arizona can deduct mortgage interest and property taxes from their federal tax returns.
4. Investment: Owning a home can be a solid investment as home values generally appreciate over time.

Cons:
1. Cost: Owning a home can be more expensive than renting because of the upfront costs of a down payment, closing costs, and ongoing maintenance and repair expenses.
2. Market fluctuations: The housing market can be unpredictable, and homeowners in Tempe may experience fluctuations in property values and property taxes.
3. Responsibility: As a homeowner, you are responsible for all home maintenance and repairs, which can be costly and time-consuming.
4. Less flexibility: Owning a home can make it more difficult to move to another location quickly if necessary.

Keep in mind that these pros and cons can vary depending on your personal circumstances and financial situation.