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Surprise, AZ—85378

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$334,000
1.4% YoY Growth
Household Income
$62,900
N/A
Days on Market
60
23.0% Shorter YoY
Home Price Forecast
-1.7%
Median Rent
$1,800
1.6% YoY Growth
1-Bed Rent
$1,120
9.0% YoY Growth
2-Bed Rent
$1,580
8.1% YoY Growth
3-Bed Rent
$1,850
7.2% YoY Growth

Other Zip Codes in Surprise, AZ

85374853798538785388
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Surprise, AZ

As of May '26, the median home price in Surprise, AZ is $334,000, with a year-over-year change of -1.4%. This indicates that home prices in Surprise, AZ are decreasing. According to Zillow, the 1-year price projection is -1.7%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$334,000-1.4%
Single Family $344,000-1.4%
Condos $129,000-12.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$339,000-2.9%
    3 Bed
    		$341,000-1.4%
    4 Bed
    		$374,000-1.6%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    2.7%
    1 Bedroom
    25.8%
    2 Bedrooms
    22.6%
    3 Bedrooms
    32.6%
    4 Bedrooms
    15.2%
    5+ Bedrooms
    1.0%

    Rental Trends — Surprise, AZ

    As of July '25, Rentcast reports the average rent in Surprise, AZ is $1,840, with a year-over-year rent change of -1.6%. Per bedroom, the median rent as of July '25 in Surprise, AZ is 1-bedrooms: $1,450, 2-bedrooms: $1,590, 3-bedrooms: $2,060, 4-bedrooms: $1,990. The most common rental property sizes in Surprise, AZ are 3-bedroom and 1-bedroom, accounting for 46.2% and 19.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,800$1,840
    Studio Rent N/AN/A
    1 Bed Rent $1,120$1,450
    2 Bed Rent $1,580$1,590
    3 Bed Rent $1,850$2,060
    4 Bed Rent $1,950$1,990
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    % of Rental Stock

    Studio
    2.3%
    1 Bedroom
    19.8%
    2 Bedrooms
    18.9%
    3 Bedrooms
    46.2%
    4 Bedrooms
    12.7%

    Property Listings — Surprise, AZ

    As of May '26, Realtor.com reports that the median days on market for a home in Surprise, AZ is 60. This is a decrease of -23.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$350,000-7.0%
    Listing Count
    		405.0%
    Listings as % of Homes0.6%5.0%
    Days on Market
    		60-23.0%
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    Demographics — Surprise, AZ

    Surprise, AZ lacks sufficient demographic data for analysis.

    MetricLatest CensusYoY % Change
    Population
    		9,400N/A
    % Under 18
    		23.6%N/A
    % Seniors
    		19.6%N/A
    % WFH
    		19.7%N/A
    % w/ College Degree
    		16.6%N/A
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    Surprise, AZ lacks sufficient race and ethnicity data for analysis.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		54.5%N/A
    % Black
    		5.0%N/A
    % Hispanic
    		37.7%N/A
    % Asian
    		0.6%N/A
    % Foreign Born
    		8.6%N/A
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    Mortgage and Risk — Surprise, AZ

    According to HUD data as of 2023, there were 33 mortgage originations in Surprise, AZ, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Surprise, AZ. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		33
    % Conventional Loans
    		79.0%
    % Government Loans
    		21.0%
    % Investor Loans
    		0.0%
    % Second Loans
    		3.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Surprise, AZ

    As of 2024, the percent of homes in Surprise, AZ under the Section 8 program is 16.1%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Surprise, AZ, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		223
    Total Units Section 8
    		223
    % Rentals under Section 8
    		16.1%
    % Occupied Section 8
    		78.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$360$1,120$1,480
    2 Bedroom$140$1,580$1,720
    3 Bedroom$460$1,850$2,310
    4 Bedroom$660$1,950$2,610

    Affordability — Surprise, AZ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.5
    Median Home Price$334,000
    Median Household Income$62,900

    Surprise, AZ — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions