Compared to other major cities, not so expensive. And when I was there in March, every other house/townhouse was in foreclosure. Values there have gone down about 50%. Not sure if you are looking to rent or buy, but there are some nice condos near the airport. And you are close enough to the Carefree/ Cave Creek area, where it's rural, beautiful, and lots of country roads and hills for riding. Scottsdale is crowded and there's a traffic light every square mile. The example i can give is that the house I sold in 1990 (in south Tempe) for 132,000 was valued at about 600,000 in 2008. It's now worth about 300,000.
2015 Trek Silque SSL
Specialized Oura
2011 Guru Praemio
Specialized Oura
2017 Specialized Ariel Sport