Housing · Payson
Payson, IL housing market
The typical Payson home is worth about $170,000, about the same as a year ago, 43% below the Illinois typical home.
Home values, sales, trends and how Payson compares with the towns next door — updated as new data is published.
The market right now
Payson at a glance
Typical home value
$170K
▼ 0.3% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
PaysonIllinois
Show as a table
| January | Payson | Illinois |
|---|---|---|
| 2017 | $139,000 | $181,000 |
| 2018 | $143,000 | $190,000 |
| 2019 | $136,000 | $195,000 |
| 2020 | $155,000 | $200,000 |
| 2021 | $164,000 | $215,000 |
| 2022 | $176,000 | $236,000 |
| 2023 | $186,000 | $248,000 |
| 2024 | $198,000 | $263,000 |
| 2025 | $185,000 | $278,000 |
| 2026 | $173,000 | $290,000 |
| August 2026 | $170,000 | $298,000 |
Affordability
2.7 years of income
The typical Payson home costs about 2.7 years of the town's median household income, less than across Illinois (3.6 years).
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
87.4%
Illinois: 67.1%
Median tax bill
$2,183
Illinois: $5,298
Median rent
$754
Illinois: $1,274
Typical home built
1974
Illinois: 1971
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.