Surprise, AZ
Maricopa County · Pop. 152,939
Ranked #122 of 243 cities
40Moderate
Median Home Price
🏠$380K
4.0% YoY
Median Rent
🔑$1,500
3.0% YoY
Median Income
💰$65K
Rent Burden
📊30.0%
% of income to rent
Income to Buy
🏦$109K
annual income needed
Income to Rent
📝$60K
annual income needed
Price-to-Income
⚖️5.8x
Homeownership
🏡72.0%
Rent vs. Buy
Buy
$2,023/mo
Est. mortgage (7%, 20% down)
Need $109K/yr income
Rent
$1,500/mo
Median rent
Need $60K/yr income
How Surprise Compares
| Metric | Surprise | Arizona | National |
|---|---|---|---|
| Home Price | $380K | $411K | $410K |
| Rent | $1,500 | $1,608 | $1,500 |
| Income | $65K | $77K | $75K |
| Rent Burden | 30.0% | 34.1% | 30.0% |
Key Takeaways
- • Home prices in Surprise are 7% lower than the national average.
- • Rent is about average than the national average.
- • You need an income of $109K to comfortably buy a home here.
- • The homeownership rate is 72.0%, compared to 65.0% nationally.