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Surprise, AZ Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,948
Monthly Cash Flow
-$392
Principal + Equity
$2,840
Annual Total Gain
$29,379
Cash on Cash
-4.45%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$203
Occupancy Rate
66.67%
Monthly Revenue
$2,708
Monthly Cash Flow
-$38
Principal + Equity
$2,840
Annual Total Gain
$33,623
Cash on Cash %
-0.43%
Net ROI %
Market Health & Growth
Median Income
$93,371
Population
149,519
LTR Renter %
21.02%
Forecast (1 yr)
0.5%
Appreciation (1 yr)
-3.87%
Appreciation (5 yr)
36.63%
Appreciation (10 yr)
99.32%
Job Growth
5.81%
LTR Rentability
High
STR Demand
72
STR Rentals
528
Top Public Schools
ABASIS Peoria
AArchway Classical Academy - Glendale
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Suburbs to Live in Arizona
#24out of 57 markets
Best Suburbs to Raise a Family in Arizona
#21out of 55 markets
Best Suburbs for Young Professionals in Arizona
#22out of 57 markets
B
Public School
C
Crime And Safety
C
Housing
C
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Surprise, AZ.
As of September 2021, Surprise, AZ does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations that could affect their ability to operate an STR in the future.
It is recommended that investors thoroughly research the local zoning laws and regulations in Surprise, AZ before purchasing a property for short term rental purposes. Additionally, investors should consider the potential impact of homeowner association (HOA) rules and restrictions on operating an STR in their chosen property.
It is also important for investors to consider the potential impact of taxes and licensing requirements for operating an STR in Surprise, AZ. Some cities and counties may require STR hosts to obtain a business license and pay occupancy taxes on rental income.
Overall, investors should carefully consider all potential regulations and requirements that may affect their ability to operate an STR in Surprise, AZ before making a purchase. It is advisable to consult with a local real estate agent or attorney who is familiar with the area's regulations to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Surprise, AZ, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Surprise, AZ.
The LTR Genie Score of Surprise, AZ is 68 and STR Genie Score is 72, indicating a high potential for both long-term and short-term rental investments in the area. The high LTR Rentability and STR Revenue, along with positive LTR Net ROI and STR Net ROI, contribute to the overall high Genie Scores. The 1-Year Price Appreciation Forecast of 0.5% suggests a stable market with potential for growth.
Surprise, AZ is a growing city located in the Phoenix metropolitan area, known for its affordable housing options and strong job market. The city offers a mix of suburban and urban amenities, making it attractive to a diverse range of renters.
Based on the metrics provided, Surprise, AZ seems to be a promising market for both long-term and short-term rental investments. Investors may consider diversifying their portfolio by exploring opportunities in both rental strategies to maximize returns. Additionally, the positive rental growth rate and occupancy rate indicate a strong demand for rental properties in the area, making it a potentially lucrative investment opportunity for real estate investors.
LTR Genie Score 93
$425,000
🛏 2 Beds🛁 2.0000 Baths🏙 1,870 sqft.🏠 SINGLE FAMILY
