Surrounding Submarket Area
Peoria, Arizona is a part of the Peoria/Sun City/Surprise Submarket submarket area, and contains 6 zip codes: 85383, 85345, 85380, 85385, 85382, and 85381.
Peoria Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Peoria, AZ submarket area was $1,085, which is 25.72% higher than 2014 average rent. This represents a compounded annual growth rate of 4.68%. 2019 vacancy in Peoria, AZ was 4.60%.
The total population of the city of Peoria, AZ has grown 11.81% since 2010. As of 2018, the population was 172,259. The median household income of the Peoria was $73,039, which is 21.14% higher than the national average.
Submarket Area
Avg Rent
Rent Growth
Vacancy
Median Income
Population (2018)
Population Growth
Vs. Nat’l Avg
Zip Codes
Peoria / Sun City / Surprise Submarket
$1,085
25.72%
4.60%
$73,039
172,259
11.81%
21.14%
85345 85380 85381 85382 85383 85385
Submarket Area Paradise Valley Submarket
Avg Rent $1,085
Rent Growth 25.72%
Vacancy 4.60%
Median Income $73,039
Population (2018) 172,259
Population Growth 11.81%
Vs. Nat’l Avg 21.14%
Zip Codes 85345 85380 85381 85382 85383 85385

