Surrey · SURREY
5 Bedroom House for Rent in Surrey
$8,500 / month
A 5-bedroom house in Surrey, asking $8,500 a month. The listing mentions in-suite laundry, parking included and dishwasher. It leaves 2 obvious questions unanswered, starting with: which way does it face?
That is $4,000 above the middle of the 23 comparable rentals we are tracking in Surrey, where most ask between $3,725 and $5,500.
The details
Highlights
Ask before you view
The advertisement doesn’t say, and it matters:
- Which way does it face?
- Are pets allowed?
Roughly where it is
Approximate — listings rarely give an exact address, so treat this as the block, not the door.
Renting in Surrey
Surrey City Centre has the cheapest new high-rise in Metro Vancouver. A new one-bedroom with a gym and parking here costs what an older walk-up costs in Vancouver.
How this compares
What we’d expect it to ask
$4,569 / month
8 times in ten the answer lands between $3,399 and $6,080. That is the width of what we actually know, measured against listings this model had never seen — not a margin we chose.
Asking $8,500 is $3,931 above that — further above than the ±14.6% we can put down to our own error. Something about it may justify that; the ad may also simply be ambitious.
Nearby 5-bedrooms disagree with each other by about 33% from quartile to quartile, so the estimate is only as sharp as they are.
What moves that number
The advertisement does not state a floor area, so size is not priced in.
Each line is the difference this one thing makes, holding everything else where it is. They do not add up to the rent.
Location
No SkyTrain station within walking distance, about 97 min to Waterfront.
Scored from the map pin alone — rapid transit, town centres and parks, in straight lines. It knows nothing about the street, the hill, the building or the neighbours, and buses and the SeaBus are not in it, so places served by those score lower here than they deserve.
Against the ones next to it
$8,500 is $4,000 above the middle of the 23 5-bedrooms we are tracking in Surrey right now ($4,500). Most of them ask between $3,725 and $5,500.
A straight count of asking prices in the area, with nothing adjusted for — unlike the estimate above, it does not care that this one is bigger or closer to a station.
What the estimate cannot see
Floor, view, condition, noise and everything inside the walls are missing from all but a handful of the advertisements we index, so none of them are priced in above. Two identical floor plans, one renovated and one not, get the same estimate from us. This ad does not give a floor area either, so size is not in it.
This one is unusually forthcoming. It does state:
Worth reading — but too rare across the feed for us to put a number on.
The advertisement doesn’t say, and it matters:
- Which way does it face?
- Are pets allowed?
Estimated from the listings on this site, not a market survey, and from asking rents — what a home is advertised at, not what it lets for.
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