Surprise Arizona: A Surprisingly Lucrative Real Estate Investment Destination

Businessman and 2023 blocks near house. Forecast of real estate prices on the new year. Trends and changes, new challenges for the economy and the impact on housing market. Mortgage loan rates.

In Surprise, there are professional golf facilities, the finest racquet and tennis complex in the Southwest, a reservoir for city fishing, and aquatic facilities. The city hosts the Cactus League Spring Training every spring, which attracts teams like the Texas Rangers and Kansas City Royals. The population of the Municipality of Surprise grows by a healthy 1.7% each year. The wonderful community life the metropolis offers is thanks to the development. Look at the Surprise homes for sale if you’re considering investing in your everlasting home real estate investment trusts. This article will give you more reasons to fortify your mind when investing or even moving to Surprise, Arizona.


Why Should You Consider Real Estate Investment In Surprise, AZ?


Surprise, Arizona, is an excellent market for real estate investment. Here are a few reasons to consider investing:


  • Surprise Is On The Rise: It is one of the fastest-growing cities in Arizona, thanks to its proximity to Phoenix. It’s a great place to live and work, and it’s an even better place to invest in real estate. According to Trulia, home values have increased by more than 20 percent since 2013, so if you buy now, you’ll likely make a handsome profit when it comes time to sell.


  • A Robust Local Economy: The city has an unemployment rate of just 4.8 percent — lower than Phoenix (5 percent) and Tucson (5.8 percent). According to the Bureau of Labor Statistics, the city has also seen substantial job growth over the past few years, with an average annual increase of 3 percent from 2010-2015. Another perk? You won’t have to pay state income tax!


  • The City Has Affordable Housing Prices: The average price per square foot of Surprise homes for sale is $111, making it one of the most affordable places to live in Maricopa County. This means your investment dollars will go farther when purchasing property here than anywhere else in the Valley.


  • Great Schooling Options For Kids: Surprise also enjoys one of the best school systems in Arizona, with over 30 schools serving more than 24,000 students. Schools like Skyline High School have consistently been ranked as one of the top public schools in Arizona by U.S News & World Report due to its high graduation rate and rigorous curriculum.


  • Surprise Has Surprisingly Low Tax Rates: Surprise offers some of the lowest tax rates in Maricopa County, including Phoenix, at just 2 percent on residential property taxes and 4 percent on commercial property taxes (unincorporated areas). These low tax rates mean you’ll have more money left over after paying off your monthly mortgage or rent payments so you can reinvest it into your business or home improvement projects.


Final Thoughts:


Everyone deserves a lovely home. If you’re looking for a place to settle down or invest, Surprise is a prime choice. If you want to escape the hustle and bustle of the city, with cleaner air and space to stretch out, it’s perfect for that too. It is also an excellent option for folks growing families, as schools are incredible in the city and real estate prices are quite affordable for first-time buyers.


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