Surprise, AZ—85387
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Surprise, AZ
As of Oct '25, the median home price in Surprise, AZ is $457,000, with a year-over-year change of -2.7%. This indicates that home prices in Surprise, AZ are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $457,000 | -2.7% |
| Single Family | $457,000 | -2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $435,000 | -4.6% |
3 Bed | $427,000 | -2.1% |
4 Bed | $468,000 | -2.1% |
| 5 Bed | $497,000 | -3.7% |
% of Housing Stock
Rental Trends — Surprise, AZ
As of July '25, Rentcast reports the average rent in Surprise, AZ is $2,340, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Surprise, AZ is 1-bedrooms: $1,550, 2-bedrooms: $2,420, 3-bedrooms: $2,180, 4-bedrooms: $2,450. The most common rental property sizes in Surprise, AZ are 3-bedroom and 4-bedroom, accounting for 55.2% and 22.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,340 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,540 | $1,550 |
| 2 Bed Rent | $1,800 | $2,420 |
| 3 Bed Rent | $2,040 | $2,180 |
| 4 Bed Rent | $2,300 | $2,450 |
% of Rental Stock
Property Listings — Surprise, AZ
As of Oct '25, Realtor.com reports that the median days on market for a home in Surprise, AZ is 62. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $470,000 | -2.0% |
Listing Count | 480 | 22.0% |
| Listings as % of Homes | 3.5% | 22.0% |
Days on Market | 62 | 14.0% |
Demographics — Surprise, AZ
As of the latest ACS Survey released in 2023, Surprise, AZ has a population of 19,100, which has increased by 79.7% over the past 5 years. Surprise, AZ is a moderately popular place for families, as children make up 15.7% of the population. The area has a moderately educated workforce, with 35.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,100 | 79.7% |
% Under 18 | 15.7% | 86.9% |
% Seniors | 34.6% | -24.8% |
% WFH | 20.2% | 162.3% |
% w/ College Degree | 35.3% | 5.7% |
As of the latest ACS Survey released in 2023, Surprise, AZ is a predominantly white area, with 77.9% of the population identifying as white. The white population has grown by 4.0% in the last 5 years. The second most common race or ethnicity in Surprise, AZ is hispanic, making up 12.3% of the population. Foreign-born residents account for 4.2% of the population in Surprise, AZ, and this percentage has decreased by 53.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 77.9% | 4.0% |
% Black | 3.1% | 14.8% |
% Hispanic | 12.3% | -39.1% |
% Asian | 2.6% | 100.0% |
% Foreign Born | 4.2% | -53.3% |
Mortgage and Risk — Surprise, AZ
Surprise, AZ lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Surprise, AZ
As of 2024, the percent of homes in Surprise, AZ under the Section 8 program is 1.0%. This is considered low, suggesting that the neighborhood is sparsely 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 | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $420 | $1,540 | $1,960 |
| 2 Bedroom | $480 | $1,800 | $2,280 |
| 3 Bedroom | $1,030 | $2,040 | $3,070 |
| 4 Bedroom | $1,130 | $2,300 | $3,430 |
Affordability — Surprise, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $457,000 |
| Median Household Income | $95,500 |