Home Price Key
Affordable
Average
Expensive
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 $299,293, lower than the Utah average of $361,191.
The average cost of rent is $1,318/mo in Payson, primarily driven by the current value of real estate in the Payson area. While nearly 29.37% of residents own their homes outright in Payson, 17.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in Payson is $6,810 per month. Households that rent pay about 19.35% of their income on rent here. Payson's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Spring Lake, UT: higher priced homes
- Elk Ridge, UT: higher priced homes
- Salem, UT: higher priced homes
- Woodland Hills, UT: higher priced homes
- Santaquin, UT: higher priced homes
- Genola, UT: higher priced homes
- Lake Shore, UT: higher priced homes
- Spanish Fork, UT: higher priced homes
- Rocky Ridge, UT: equally priced homes
- Palmyra, UT: higher priced homes
Cities with Similar Populations
- Palmetto Bay, FL: higher priced homes
- Machesney Park, IL: less expensive homes
- Manheim, PA: less expensive homes
- Maple Heights, OH: less expensive homes
- Marion, IL: less expensive homes
- Marshfield, WI: less expensive homes
- Massapequa, NY: higher priced homes
- Matawan, NJ: higher priced homes
- Matteson, IL: less expensive homes
- Mays Landing, NJ: less expensive homes
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