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Surprise, AZ and Western Meadows Subdivision Rental Market Data from 2013-2015

On the last post, we charted some of the rental market data in the Greater Phoenix area and compared 2015 to 2013 and 2014.

The rental market news in the cities we focused on has been good for landlords . 

In summary, according to the rental listings from the Arizona MLS in these cities, rental home prices have increased 11-15% from 2013-2015. The number of rental property listings on MLS in the same Phoenix and Greater Phoenix cities has decreased a very significant 48%.

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

Western Meadows is a subdivision is located south of Greenway Rd north of Waddell Rd. It is west of Reems Rd. and east of Sarival Ave. 

The adjacent Surprise subdivisions to Greer Ranch are Legacy Parc, Greenway Parc and Countryside.

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

This comparison will focus on all of the Surprise rental market data for 2015 and compare these numbers with the rental market data from 2013 and 2014.

The rental market numbers in the City of Surprise show growth in rental price and a notable drop in rental home inventory from 2013 to 2015. The Western Meadows sample size is tough to draw a conclusion on due to the small sample size. The chart below displays the details.

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