Surprise, Arizona Short-Term Rental Market Analysis

The short-term rental (STR) market in Surprise, Arizona, is a burgeoning sector characterized by 605 active listings, an average daily rate (ADR) of $216.38, and an impressive occupancy rate of 67%. Notably, the average monthly revenue per property stands at $3,059.50, making it a lucrative market for investors and property managers.

Surprise, Arizona Short-Term Rental Market Overview

Population: 143,148
Annual Visitors: 100,000
Total STRs: 628
ADR: $190.47

Visitor Profile

Surprise, Arizona, attracts a diverse range of visitors, with annual tourism numbers estimated at around 1.5 million. The primary demographic includes families and retirees, with a significant portion of visitors aged 45 and older. Many come to enjoy outdoor activities, cultural events, and sports, particularly spring training baseball, which significantly boosts tourism during the months of March and April. The economic impact of tourism in Surprise is substantial, contributing millions to the local economy and supporting various businesses, from hotels to restaurants. This growth aligns with broader trends in Arizona, where tourism revenue reached $24 billion in 2021, showcasing the sector’s resilience and recovery post-pandemic.

Key visitor statistics reveal that Surprise’s tourism market is characterized by a mix of domestic travelers, primarily from neighboring states like California and Texas. The average length of stay for visitors is typically three to four nights, with peak seasons occurring during the winter months when the weather is ideal for outdoor activities. Visitors are drawn to attractions such as the Surprise Stadium, which hosts Major League Baseball spring training, and the city’s numerous parks and recreational facilities. According to the tourism bureau (https://www.visitarizona.com/places/cities/surprise), the city is also becoming increasingly popular for events and festivals, further enhancing its appeal. As the tourism landscape continues to evolve, STR operators in Surprise can benefit from understanding these visitor demographics and travel patterns to tailor their offerings effectively. For more insights on Arizona’s tourism recovery, visit the Chamber Business News (https://chamberbusinessnews.com/2022/07/19/arizona-tourism-showing-strong-recovery/) and learn about the economic contributions of the sector.

Top Attractions

Surprise, Arizona, is a hidden gem in the heart of the Sonoran Desert, offering a delightful mix of outdoor adventures, cultural experiences, and family-friendly activities. This vibrant city is home to several signature attractions that cater to a variety of interests. Whether you’re exploring the lush landscapes of the Surprise Community Park or immersing yourself in the arts at the West Valley Art Museum, there’s something for everyone. Visitors can expect a blend of relaxation and excitement, making Surprise a perfect destination for both families and solo travelers alike. Discover the charm of this city and uncover the many things to do in Surprise.

One of the top attractions in Surprise is the Surprise Community Park, a sprawling 25-acre park featuring walking trails, picnic areas, and sports facilities. This park is perfect for families looking to enjoy a day outdoors, with playgrounds and open spaces for children to play. For those interested in art, the West Valley Art Museum showcases a diverse collection of artworks and hosts rotating exhibitions, making it a cultural hub in the area. Visit their official website for more information on current exhibits. Another must-see is the Surprise Stadium, which serves as the spring training home for the Kansas City Royals and Texas Rangers. This venue offers a unique opportunity to catch a game and experience the excitement of Major League Baseball. For more details, check out the official visitor guide at the Surprise, AZ website. Lastly, the city is home to the beautiful Desert Oasis Aquatic Center, where families can cool off in the summer months with water slides and pools. For more attractions and activities, explore the resources available at Visit Arizona.

Regulations

Surprise short-term rental regulations are essential for property owners looking to enter the vacation rental market in this vibrant Arizona city. Understanding these regulations is crucial to ensure compliance and avoid penalties. In Surprise, property owners must obtain a short-term rental permit, which requires submitting an application and paying a fee. Additionally, owners are responsible for collecting and remitting transaction privilege taxes on rental income. Zoning restrictions may apply, particularly in residential areas, limiting where short-term rentals can operate. Safety requirements, including smoke detectors and fire extinguishers, must also be met. By adhering to these regulations, property owners can operate their rentals legally and successfully.

To operate a short-term rental in Surprise, Arizona, property owners must first secure a short-term rental permit from the city. This involves completing an application process and paying the associated fees. The current transaction privilege tax rate for short-term rentals is 2.0%, which must be collected from guests and submitted to the city on a monthly basis. Zoning regulations restrict short-term rentals in certain residential areas, so it is vital to verify the zoning designation of your property. Safety standards, including the installation of smoke detectors and fire extinguishers, are mandatory to ensure guest safety. Failure to comply with these regulations may result in penalties, including fines or the revocation of the rental permit. For more detailed information, visit the official Surprise, AZ government website at https://surpriseaz.gov/27/Government. Understanding and following these Surprise short-term rental regulations will help property owners navigate the legal landscape effectively.

Vacation Rental Market Overview for Surprise

Surprise attracts visitors with its beaches and waterfront activities and family-friendly attractions. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.

This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.

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Surprise, Arizona Market Performance Trends

LTM Avg. Daily Rate$205.00
LTM Occupancy Rate71.0%
LTM Avg. Revenue$2,820

Short-Term Rental Market Performance Analysis for Surprise

The short-term rental market in Surprise demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.

Market Trend Summary

Current market indicators show: emerging growth market with increasing demand

Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.

Surprise, Arizona Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:59.5% Booked
  • 4-6 Months:51.7% Booked
  • 7-9 Months:43.7% Booked
  • 10-12 Months:11% Booked

Cancellation Policies

  • Flexible:30.6%
  • Moderate:34.9%
  • Strict:31.5%
  • Super Strict:31.5%
  • N/A:1.7%

Minimum Stay

  • 1 Day:79
  • 2 Days:104
  • 3 Days:43
  • 4-6 Days:33
  • 7-29 Days:41
  • 30+ Days:40

Short-Term Rental Regulations and Booking Patterns in Surprise

Surprise vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.

Market analysis reveals seasonal policy variations maximizing revenue. These insights help property managers optimize their listing strategies and maximize occupancy.

Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.

Surprise, Arizona Housing Market Data

Home Value Trends

Market Overview

  • Typical Home Value:$425,054
  • Median Sale Price:$416,633
  • Median List Price:$445,666

Current Inventory

  • Homes For Sale:1,209
  • New Listings:288

Detailed Market Analysis

The average home value in Surprise, AZ is $425,055, down 3.5% over the past year. Learn more about the Surprise housing market and real estate trends.

Real Estate Market Analysis for Surprise, Arizona

The residential real estate market in Surprise, Arizona presents unique opportunities for investors and homebuyers alike. Current market dynamics show steady growth patterns in an established market with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.

Key Market Factors

Important considerations for this market include: market stability, reasonable property taxes, and strong rental demand These factors contribute to the overall market performance and future growth potential.

Real estate investments in Surprise, Arizona benefit from growing rental market potential and investment opportunities. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.

Surprise, Arizona Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Guest Rating Highlights

  • Overall Rating:4.81 / 5
  • Cleanliness:4.85 / 5
  • Location:4.87 / 5
  • Value:4.81 / 5
  • Accuracy:4.88 / 5
  • Check-in:4.92 / 5
  • Communication:4.90 / 5

Vacation Rental Property Types in Surprise

The vacation rental market in Surprise features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.

Market characteristics include diverse property sizes from studios to large homes. This distribution reflects local demand patterns and traveler preferences.

Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.

More Locations In Arizona

Related Short-Term Rental Markets

Explore 65 vacation rental markets within Arizona. Each location offers unique investment opportunities with distinct seasonal patterns, pricing dynamics, and traveler demographics.

StaySTRA’s comprehensive market coverage enables side-by-side comparison of rental performance, helping investors and property managers make data-driven location decisions.

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More Locations In Arizona

Related Short-Term Rental Markets

Explore 65 vacation rental markets within Arizona. Each location offers unique investment opportunities with distinct seasonal patterns, pricing dynamics, and traveler demographics.

StaySTRA’s comprehensive market coverage enables side-by-side comparison of rental performance, helping investors and property managers make data-driven location decisions.

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