Payson, UT housing market
The typical Payson home is worth about $471,000, up 1.6% in a year, 12% below the Utah typical home. Homes typically sell in 45 days, close to asking.
Home values, sales, trends and how Payson compares with the towns next door — updated as new data is published.
Payson at a glance
A balanced market
About 4.2 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Payson | Utah |
|---|---|---|
| 2017 | $230,000 | $274,000 |
| 2018 | $251,000 | $300,000 |
| 2019 | $281,000 | $327,000 |
| 2020 | $303,000 | $350,000 |
| 2021 | $350,000 | $401,000 |
| 2022 | $430,000 | $499,000 |
| 2023 | $445,000 | $514,000 |
| 2024 | $451,000 | $516,000 |
| 2025 | $461,000 | $528,000 |
| 2026 | $474,000 | $538,000 |
| August 2026 | $471,000 | $535,000 |
194 new homes permitted in 2025
Builders were permitted 194 new homes in Payson in 2025: 166 single-family houses and 28 in buildings with two or more homes, worth about $80.4 million to build. That's 8.4 per 1,000 residents, about the pace of Utah as a whole. Over the past 10 years, Payson has permitted 2,336 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Payson gained 2,807 residents while 983 new homes were permitted: about 2.9 new residents per new home. Building and growth moved roughly in step. Across Utah: 2.7 new residents per new home.
How Payson ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 117 | 117 | 0 | $44.2 million |
| 2025 | 194 | 166 | 28 | $80.4 million |
| 2024 | 120 | 120 | 0 | $55.6 million |
| 2023 | 108 | 74 | 34 | $25.7 million |
| 2022 | 607 | 91 | 516 | $73.8 million |
| 2021 | 332 | 104 | 228 | $44.5 million |
| 2020 | 310 | 81 | 229 | $42.1 million |
| 2019 | 304 | 193 | 111 | $54.6 million |
| 2018 | 238 | 74 | 164 | $27.8 million |
| 2017 | 78 | 50 | 28 | $11.7 million |
| 2016 | 45 | 45 | 0 | $8.1 million |
| 2015 | 71 | 35 | 36 | $8.9 million |
| 2014 | 55 | 41 | 14 | $8.9 million |
| 2013 | 64 | 40 | 24 | $9 million |
| 2012 | 32 | 20 | 12 | $3.6 million |
| 2011 | 36 | 36 | 0 | $4.8 million |
| 2010 | 60 | 48 | 12 | $8.4 million |
| 2009 | 51 | 51 | 0 | $7.5 million |
| 2008 | 18 | 18 | 0 | $3.2 million |
| 2007 | 128 | 66 | 62 | $18.4 million |
| 2006 | 78 | 76 | 2 | $12.8 million |
| 2005 | 122 | 120 | 2 | $18.2 million |
| 2004 | 148 | 128 | 20 | $18.3 million |
| 2003 | 152 | 134 | 18 | $18.2 million |
| 2002 | 219 | 215 | 4 | $20.6 million |
| 2001 | 258 | 248 | 10 | $22.5 million |
| 2000 | 322 | 293 | 29 | $28.3 million |
How Payson ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Payson and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Payson | $471K | +1.6% | $1,500 | 194 | $89,905 |
| West Mountain | $1.25M | +3.7% | $1,500 | — | $111,791 |
| Spring Lake | — | +1.2%† | $1,500 | — | $94,936 |
| Elk Ridge | $695K | +3.8% | $1,500 | 9 | $143,167 |
| Salem | $602K | +3% | $1,550 | 702 | $111,117 |
† FHFA price index change, where Zillow has no home value for the town.
5.2 years of income
The typical Payson home costs about 5.2 years of the town's median household income, less than across Utah (5.6 years).
How Payson ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,500
HUD's Fair Market Rent for a two-bedroom in Payson is $1,500 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Payson pay a median of $1,549. A two-bedroom takes about 20% of the town's median household income.
Studio $1,290 · 4 bedrooms $2,520
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (84651, 84653; Provo-Orem-Lehi, UT MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.