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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 $434,520, lower than the Utah average of $525,914.
The average cost of rent is $1,484/mo in Payson, primarily driven by the current value of real estate in the Payson area. In Payson, 17.88% of households rent, and 33.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Payson is $7,965 per month. Households that rent pay about 18.63% of their income on rent here. Payson’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally 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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