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Affordable
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These days, finding an affordable place to live in the Payson area can be challenging. Home prices in Payson are now at a median cost of $177,570, lower than the Illinois average of $300,242.
The average cost of rent is $792/mo in Payson, primarily driven by the current value of real estate in the Payson area. In Payson, 13.85% of households rent, and 47.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Payson is $6,321 per month. Households that rent pay about 12.54% of their income on rent here. Payson’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Plainville, IL: equally priced homes
- Hull, IL: less expensive homes
- Richfield, IL: equally priced homes
- Liberty, IL: equally priced homes
- Quincy, IL: equally priced homes
- Fowler, IL: higher priced homes
- Hannibal, MO: less expensive homes
- Kinderhook, IL: less expensive homes
- Oakwood, MO: less expensive homes
- Ilasco, MO: less expensive homes
Cities with Similar Populations
- Tionesta, PA: less expensive homes
- Fruitland, IA: higher priced homes
- Highgate Center, VT: higher priced homes
- Holladay, TN: less expensive homes
- Jonesburg, MO: higher priced homes
- Kaaawa, HI: higher priced homes
- Keezletown, VA: higher priced homes
- Kewanna, IN: less expensive homes
- Lakemont, GA: higher priced homes
- Laquey, MO: less expensive homes
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