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Payson Housing Information

IndexPaysonArizonaNational
Median home price$207,700$176,900$184,700
Median rent asked$911$937$949
Avg. people per household2.22.72.6
Owner occupied households71.6%62.6%63.6%
Renter occupied households28.4%37.4%36.4%
Above, you will see a summary of real estate in Payson, AZ. On average, homes in Payson, AZ cost $207,700, a value that is 17% higher than the average in Arizona. In general terms, this results in Payson, AZ real estate being less affordable than Arizona real estate. On average, people who rent houses in Payson, AZ pay $911; this value is 3% lower than the average amount renters pay in Arizona. 71.6% of Payson, AZ residents own their own homes and, on average, each of the homes has 2.2 occupants. Payson, AZ real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Payson, AZ is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Payson Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Payson, AZ. To estimate home affordability, one method is to use the ratio of home price to median household income. The Payson, AZ’s median home price stands at $207,700 while $45,593 is the value of the average household income. The resulting home price to income ratio, which is 4.6x, differs from the Arizona average as the ratio is 32% higher than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Payson, AZ are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Payson, AZ.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Geronimo Estates, AZ112$0100%
Rye, AZ114$0100%
Whispering Pines, AZ146$0100%
Mead Ranch, AZ11$0100%
Oxbow Estates, AZ111$0100%
Payson, AZ15,297$207,70012%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Perry, GA15,293$142,00023%
Kenmore, NY15,303$114,50038%
New River, AZ15,305$283,30053%
White Center, WA15,306$254,60038%
The Dalles, OR15,276$177,5004%
Payson, AZ15,297$207,70012%

Source: The Payson, AZ housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).