Surprise, AZ—85379
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 $423,000, with a year-over-year change of -4.0%. This indicates that home prices in Surprise, AZ are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $423,000 | -4.1% |
| Single Family | $424,000 | -4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $312,000 | -5.5% |
3 Bed | $379,000 | -4.3% |
4 Bed | $446,000 | -4.1% |
| 5 Bed | $537,000 | -2.9% |
% of Housing Stock
Rental Trends — Surprise, AZ
As of July '25, Rentcast reports the average rent in Surprise, AZ is $2,390, with a year-over-year rent change of 4.8%. Per bedroom, the median rent as of July '25 in Surprise, AZ is studios: $1,360, 1-bedrooms: $1,290, 2-bedrooms: $2,490, 3-bedrooms: $2,070, 4-bedrooms: $2,700. The most common rental property sizes in Surprise, AZ are 3-bedroom and 4-bedroom, accounting for 55.2% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,110 | $2,390 |
| Studio Rent | $1,350 | $1,360 |
| 1 Bed Rent | $1,330 | $1,290 |
| 2 Bed Rent | $1,980 | $2,490 |
| 3 Bed Rent | $2,000 | $2,070 |
| 4 Bed Rent | $2,200 | $2,700 |
% 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 64. This is a increase of 25.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $464,000 | -6.0% |
Listing Count | 214 | 12.0% |
| Listings as % of Homes | 1.2% | 12.0% |
Days on Market | 64 | 25.0% |
Demographics — Surprise, AZ
As of the latest ACS Survey released in 2023, Surprise, AZ has a population of 49,700, which has increased by 4.1% over the past 5 years. Surprise, AZ is a popular place for families, as children make up 28.9% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,700 | 4.1% |
% Under 18 | 28.9% | -3.3% |
% Seniors | 10.0% | 4.2% |
% WFH | 17.9% | 265.3% |
% w/ College Degree | 32.2% | 30.9% |
As of the latest ACS Survey released in 2023, Surprise, AZ is a predominantly white area, with 61.8% of the population identifying as white. The white population has shrunk by 5.4% in the last 5 years. The second most common race or ethnicity in Surprise, AZ is hispanic, making up 21.7% of the population. Foreign-born residents account for 5.1% of the population in Surprise, AZ, and this percentage has decreased by 45.7% 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 | 61.8% | -5.4% |
% Black | 4.8% | -31.4% |
% Hispanic | 21.7% | 5.3% |
% Asian | 3.8% | 11.8% |
% Foreign Born | 5.1% | -45.7% |
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 | 36 |
Total Units Section 8 | 36 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $880 | $1,330 | $2,210 |
| 2 Bedroom | $590 | $1,980 | $2,570 |
| 3 Bedroom | $1,460 | $2,000 | $3,460 |
| 4 Bedroom | $1,670 | $2,200 | $3,870 |
Affordability — Surprise, AZ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $423,000 |
| Median Household Income | $103,000 |