Surprise, AZ

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Surprise short-term rental market based on reliable data.

Listings

255 / 618

Reliable / Active

Cap Rate

8%

Middle-Earners Gross Yield

Revenue

$34,276

Middle-Earners Revenue

Occupancy

69%

Middle-Earners Occupancy

Home Value

$420,978

Median Home Sale Price

Top Earners

$64,237

Top-Earners Revenue

Surprise

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Surprise.

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B

Generally Investor friendly

Surprise Regulations

STRs are allowed citywide in most residential zones and the process is clearly documented, but investors must obtain a city STR license ($250), county rental registration, and state TPT license, plus liability insurance, neighbor notice, and ongoing reporting; no strict caps are evident, keeping investor risk manageable despite moderate compliance steps.

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About Surprise

Surprise is a city in Maricopa County, Arizona, situated in the northwestern reaches of the Phoenix metropolitan area. With a population of roughly 143,000 residents, it is one of the fastest-growing municipalities in the state, having transformed from a small farming community into a sprawling suburb over the past few decades. The city carries a relaxed, family-friendly character with a notable retiree presence, broad residential subdivisions, and wide, palm-lined streets. Surprise is perhaps best known as a spring training destination for Major League Baseball and as a gateway to outdoor recreation in the Sonoran Desert, including nearby mountain ranges and reservoirs. It lies approximately 20 to 25 miles northwest of downtown Phoenix, generally reached in 30 to 45 minutes by car depending on traffic.

Just a few miles south of the city center, Surprise Stadium serves as the spring training home of the Texas Rangers and Kansas City Royals, drawing baseball fans from across the region each February and March. The facility anchors a larger sports complex and is widely considered one of the marquee draws of the Surprise area, giving the city a recognizable identity during Cactus League season.

A short drive to the west, White Tank Mountain Regional Park covers roughly 30,000 acres and represents the largest regional park in Maricopa County. The park offers more than 30 miles of shared-use trails, picnic areas, and the popular Waterfall Trail, which leads to a seasonal cascade after winter rains. Its proximity to Surprise, generally about 20 minutes by car, makes it a convenient escape for visitors interested in desert hiking, wildlife viewing, and stargazing.

To the north of Surprise, Lake Pleasant Regional Park spans thousands of acres around a large desert reservoir and is one of the most popular outdoor recreation areas in the Phoenix region. Visitors can boat, kayak, fish, swim, and camp along its shores, making it a strong draw for vacationers seeking water-based activities just a short drive from the city, typically around 30 to 40 minutes depending on which part of Surprise they are leaving from.

A bit farther afield but still within reach, the Wildlife World Zoo, Aquarium and Safari Park sits to the southwest in the Litchfield Park area, approximately 30 to 40 minutes from Surprise. The attraction combines a traditional zoo with an aquarium, a safari park, and amusement rides, appealing strongly to families traveling with children.

Surprise offers short-term rental investors a compelling combination of affordability relative to nearby Phoenix and Scottsdale, dependable seasonal demand from spring training visitors, and quick access to the region's premier desert and water-based recreation. Its blend of suburban comfort, sporting tradition, and proximity to mountain parks and reservoirs makes it a versatile base for travelers exploring the Valley of the Sun.

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