10 Top Rental Property Subdivisions In Surprise - YTD 2017

RPM West Valley analyzed rental property statistics in the main subdivisions in Surprise, AZ. We identified 10 top rental property areas in Surprise, AZ for rent closing volume and rent price.

Here is a list of 10 Top Rental Property subdivisions in Surprise sorted by number of closed rental agreements for 2017 YTD.

Surprise Farms                       114

Sierra Montana                       77

Rancho Gabriela                     69       

Mountain Vista Ranch             49

Ashton Ranch                         39

Roseview                                36

Marley Park                            27

Litchfield Manor                      26

Legacy Parc                            22

Royal Ranch                           22

Here is the closed rental property price list for YTD 2017 for 10 top Surprise, AZ rental property subdivisions.

Marley Park	$1,622
Litchfield Manor	$1,453
Rancho Gabriela	$1,369
Royal Ranch	$1,355
Sierra Montana	$1,354
Surprise Farms	$1,350
Legacy Parc	$1,305
Mountain Vista Ranch	$1,239
Roseview	$1,189
Ashton Ranch	$1,152

Avondale, AZ and Coldwater Springs Subdivision Rental Prices and Rental Data 2013-2017

Over the last 5 years (2013-2017), property rental prices in Avondale and Coldwater Springs have shown a nice increase. Also, Avondale rental property and Coldwater Springs rental property inventories have decreased substantially from 2013-2017.

Coldwater Springs is a subdivision that is roughly located south of I-10 and north of Lower Buckeye Road. Coldwater Springs is east of the Agua Fria River Rd. and west of Avondale Road. 

The numbers that follow compare full year rental property market data from 2013-2017 in Coldwater Springs and Avondale, AZ. The number of rental properties analyzed is simulated for 2017 based the rental market data through 10-30-2017. 

All figures are taken from closed Coldwater Springs and Avondale, AZ rental property data from the MLS from 2013-2017 and only include unfurnished single-family home rental properties.

The above charts show good growth for rental home prices in Coldwater Springs and Avondale, AZ from 2013-2017. The inventory in both comparisons also shows a significant decrease.

The rental home price average in Avondale, AZ has a 27% increase in these five years. In Coldwater Springs, the increase in rent in this time frame has been a bit less at 21%.

Rental property inventory on MLS in Avondale, AZ in 2017 is only 42% of 2013’s rental inventory. Coldwater Springs rental property inventory in 2017 is also at 42% of the 2013 rental inventory. 

It is interesting to note in this time frame, the 27% increase in Avondale, AZ is over 4 times greater than Consumer Price Index (6%). 

Glendale, AZ and Arrowhead Ranch Subdivision Rental Prices and Data - 2013 to 2017

Over the last 5 years (2013-2017), property rental prices in Glendale and Arrowhead Ranch have shown a significant increase. Also, Glendale rental property and Arrowhead Ranch rental property inventories have decreased substantially from 2013-2017.

The Arrowhead Ranch subdivision is located North of Union Hills & South of Deer Valley as well as West of 59th Ave & east of 79th Ave

The numbers that follow compare full year rental property market data from 2013-2017 in Arrowhead Ranch and Glendale, AZ. The number of rental properties analyzed is simulated for 2017 based the rental market data through 10-30-2017. 

All figures are taken from closed Arrowhead Ranch and Glendale, AZ rental property data from the MLS from 2013-2017 and only include unfurnished single-family home rental properties.

The above charts show good growth for rental home prices in Arrowhead Ranch and

Glendale, AZ from 2013-2017. The inventory in both comparisons also shows a significant decrease.

The rental home price average in Glendale, AZ has a substantial 49% in these five years. In Arrowhead Ranch, the increase in rent in this time frame has been a more modest 16%.

Rental property inventory in Glendale, AZ in 2017 is only 46% of 2013’s rental inventory. Arrowhead Ranch’s number of closed listings in 2017 is 43% of the 2013 closed listings.

It is interesting to note in this time frame, the 49% increase in Glendale, AZ is over 8 times greater than Consumer Price Index (6%).