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Surprise, AZ and Greer Ranch Rental Property Market Comparison from January to October for 2013,2014 and 2015

Last week, we took a look at the Peoria, AZ  rental market and the subdivision of Crystal Creek.

This week, we will take a look at Surprise, AZ and the subdivision of Greer Ranch.

Greer Ranch is a subdivision is located south of Grand Avenue and 83rd avenue. It is east of Reems Rd. and west of Sarival Ave. It is north of Peoria Ave and west of Cactus Rd. 

The adjacent Surprise subdivisions to Greer Ranch are Rancho Gabriela, Twelve Oaks Estates and Sycamore Farms.

All of our Surprise rental market figures are taken from closed rental data from the Arizona MLS from 2013-2015.

We will focus on the rental homes that rented between January and September and break down the resulting rental data by year.The rental property data we look at from Surprise and Greer Ranch focuses on closed, unfurnished rental properties.

The rental market numbers in Surprise and Greer Ranch show growth in rental price and a steady drop rental home inventory from 2013 to 2015. The chart below displays the details.

The average rental home price gain in Surprise, AZ is 7.4% and 12.2% by $ per sq. foot. This is a little less than the average home price gain Valleywide during the same time frame. For details on Phoenix area rental market gains in 2015 check out our post from September 21.

The rental market inventory decrease was a hefty 37% in Surprise, AZ from 2013-2015 according to our Surprise rental market numbers chart.