Explore Surprise, AZ - Market Insights, Demographics, Crime, Trends & Hotspots

Pulse Score
B+
Cap Rate
10.58%
Investor Friendly Score
59.00%
Median Price
$425,000

Market Insights

The Surprise housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Surprise currently stands at $425,000. With 3.6 months of supply, Surprise's inventory levels remain relatively tight. Homes are taking about 69 days to sell, which is 16 days longer than this time last year. A significant 40.2% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 14.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Surprise market with the affordability index at 16.9. Based on current market indicators, home prices in Surprise are projected to decrease by approximately 14.4% over the next month.

Demographics market for - Surprise, AZ

Total Population -

152,822

White Population

75.54%

Black Population

4.89%

Mexican87.11% (14.95% of total population)
Puerto Rican3.15% (0.54% of total population)
Cuban2.18% (0.37% of total population)
Dominican0.02% (0.00% of total population)
Salvadoran3.49% (0.60% of total population)
Costa Rican0.43% (0.07% of total population)
Gautemalan0.47% (0.08% of total population)
Honduran0.14% (0.02% of total population)
Nicaraguan0.21% (0.04% of total population)
Panamanian0.08% (0.01% of total population)
Argentinean0.70% (0.12% of total population)
Bolivian0.08% (0.01% of total population)
Chilean0.33% (0.06% of total population)
Colombian1.01% (0.17% of total population)
Ecuadorian0.10% (0.02% of total population)
Peruvian0.48% (0.08% of total population)
Uruguyan0%
Venezuelan0%

Indian 0.18% (0.03% of total population)
Bangladeshi 0%
Chinese 0.74% (0.13% of total population)
Bhutanese 0%
Burmese 0%
Filipino 7.96% (1.37% of total population)
Hmong 0.07% (0.01% of total population)
Indonesian 0.06% (0.01% of total population)
Japanese 0.63% (0.11% of total population)
Korean 0.84% (0.14% of total population)
Laotian 0.05% (0.01% of total population)
Malaysian 0%
Mongolian 0%
Nepalese 0%
Pakistani 0.08% (0.01% of total population)
Srilankan 0%
Taiwanese 0.25% (0.04% of total population)
Pakistani 0.08% (0.01% of total population)
Srilankan 0%
Taiwanese 0.25% (0.04% of total population)
Thai 0.03% (0.00% of total population)
Vietnamese 2.18% (0.37% of total population)

Hawaiian0.26% (0.04% of total population)
Samoan0.09% (0.02% of total population)
Chamorro0.29% (0.05% of total population)
Fijian0%
Marshallese0%

Crime for - Surprise, AZ

Homicide Offenses100.00%

Assault Offenses100.00%

Sex Offenses89.19%
Kidnapping/Abduction8.11%
Sex Offenses, Non-forcible2.70%

Arson0.96%
Human Trafficking1.53%
Fraud Offenses85.66%
Extortion/Blackmail7.65%
Counterfeiting/Forgery4.21%

Destruction/Damage/Vandalism of Property9.89%
Burglary/Breaking & Entering8.69%
Motor Vehicle Theft8.43%
Larceny/Theft Offenses72.11%
Stolen Property Offenses0.89%

Robbery100.00%

Real Estate Market Prediction for - Surprise, AZ

City Hotspots

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