Name: Payson Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Payson, Utah in 2026?

Accepted Answer

As of July 2026, the median home price in Payson, Utah is $455,000, which is 13.3% below the Utah state median of $525,000. Home prices in Payson range from $254,900 to $8,450,000, with an average sale price of $483,756. These figures are based on recent closed transactions in the Payson real estate market.

Question 2

Is Payson, Utah a buyer's or seller's market?

Accepted Answer

Payson, Utah is currently a balanced market. Key indicators include an average sale-to-list price ratio of 99.9% and homes spending an average of 65 days on the market. Payson’s median home price is about 13% below the Utah average, with slightly longer days on market but a near‑list sale price, indicating a more affordable yet still competitive market.

Question 3

How long do homes stay on the market in Payson?

Accepted Answer

Homes in Payson, Utah spend an average of 65 days on the market before going under contract compared to the Utah state average of 61 days (6.8% above average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Payson, Utah?

Accepted Answer

As of July 2026, there are 108 active homes for sale in Payson, Utah with 176 new listings added recently. In the most recent reporting period, 94 transactions closed in Payson. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

Are there new construction homes for sale in Payson, Utah?

Accepted Answer

Yes — Payson currently has 176 new listings recently added to the market, with prices starting from $254,900. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Payson is $455,000.

Question 6

How does Payson compare to the Utah state average?

Accepted Answer

Payson home prices are 13.3% below the Utah state median of $525,000, with a local median of $455,000. Homes sell slower than the state average — 65 days in Payson vs 61 days statewide (6.8% above average). The sale-to-list ratio is 99.9% locally vs 99.0% statewide.

Question 7

Are homes in Payson more expensive than the Utah average?

Accepted Answer

No, homes in Payson are more affordable than the Utah state average. The median home price in Payson is $455,000, compared to the statewide median of $525,000 — a difference of $70,000 (-13.3%). This makes Payson an attractive option for buyers seeking value in Utah.

Question 8

Do homes sell faster in Payson than the rest of Utah?

Accepted Answer

No, homes in Payson take longer to sell than the Utah average. The average days on market in Payson is 65 days, compared to 61 days statewide (6.8% above average). Buyers in Payson have more time to evaluate listings and negotiate, which can work in their favor. The overall market temperature is considered balanced.

Question 9

How have home prices changed in Payson over the past year?

Accepted Answer

Home prices in Payson, Utah have increased by 9.8% over the past year. The median sale price went from $415,000 to $455,796. This strong appreciation reflects growing demand in the area. Check the Payson market trends section above for detailed charts.

Question 10

Is the Payson housing market heating up or cooling down?

Accepted Answer

The Payson housing market is currently heating up, with prices up 9.8% year-over-year and days on market decreasing by 2.9%. The market temperature is rated "balanced" based on current conditions. Payson’s median home price is about 13% below the Utah average, with slightly longer days on market but a near‑list sale price, indicating a more affordable yet still competitive market. Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Payson home prices this time last year?

Accepted Answer

In July 2025, the median home sale price in Payson, Utah was $415,000. Today, the median is $455,796, representing a change of +9.8% ($40,796 increase). During that same period, the average days on market went from 56 to 54 days.

Question 12

What is the current market outlook for Payson, Utah?

Accepted Answer

Payson’s residential market remains affordable relative to the rest of Utah, with a median closed price of $455,000 versus the state’s $525,000. Prices have rebounded sharply, climbing 10% month‑over‑month, while the sale‑to‑list ratio sits at an impressive 99.9%, indicating that listings are still achieving near‑list values. Inventory is expanding, as evidenced by 176 new listings and 94 closed transactions in the last three months, and the average days on market has lengthened to 65 days—slightly above the state’s 61‑day average. Single‑family homes command a median of $521,900 (down 1.6% YoY) with an average size of 2,635 sq ft, whereas townhomes/condos are priced lower at $370,000, up 7.1% YoY, reflecting divergent demand across property types.

On the macro side, mortgage rates have edged higher, with the 30‑year rate moving from 6.10% in January to 6.49% in July, while the 15‑year rate rose from 5.47% to 5.85%. Unemployment remains stable (U.S. ~4.2%, Utah 3.6%) and consumer sentiment is flat, suggesting no immediate economic shock. However, city‑specific factors are shaping the market: heightened wildfire‑risk requirements are tightening insurance and mortgage underwriting, and the upcoming 900,000 sq ft Payson Central Tech industrial park is set to expand the local job base. The town’s consideration of a $25 million bond to address retirement debt signals fiscal prudence but adds a modest fiscal headwind. Overall, the market is balanced—prices are modestly appreciating, inventory is growing, and financing costs are rising, creating a stable environment for buyers who value affordability and long‑term growth prospects. The market temperature is rated "balanced." Payson’s median home price is about 13% below the Utah average, with slightly longer days on market but a near‑list sale price, indicating a more affordable yet still competitive market.

Question 13

What are the key highlights of the Payson housing market?

Accepted Answer

Key highlights of the Payson, Utah housing market include: Median price $455,000, 13% cheaper than the state median, yet up 10% month‑over‑month.. Sale‑to‑list ratio at 99.9% shows buyers are meeting asking prices despite modest price declines YoY.. Days on market 65 days, about 6.8% longer than the state average, reflecting growing inventory.. 30‑year mortgage rates have risen from 6.10% to 6.49% over the past six months, adding financing pressure.. The new 900,000 sq ft Payson Central Tech industrial park promises jobs that could bolster housing demand.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Payson, Utah?

Accepted Answer

Homes in Payson, Utah range from $254,900 to $8,450,000, with a median price of $455,000. The standard deviation is $917,637, indicating a wide spread of home values across neighborhoods. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 15

How do Payson schools compare to the state average?

Accepted Answer

Of the 8 schools in Payson, 0 (0%) are rated as high-performing and 0 have strong academics indicators. Families should research individual school ratings on our Payson schools page for detailed performance breakdowns.

Question 16

What is the internet quality in Payson, Utah?

Accepted Answer

Payson has an average broadband download speed of 7889 Mbps and 76% of homes have access to fiber internet. Top internet providers include Utah Telecommunication Open Infrastructure Agency, Xfinity, Verizon. This is above average for Utah, supporting remote work and streaming. Residents have an average of 11.4 provider options.

Question 17

Are single-family homes or condos a better investment in Payson?

Accepted Answer

In Payson, single-family homes have a median price of $521,900 (-1.6% YoY), while townhomes/condos are $370,000 (+7.1% YoY). SFRs sell in 47 days vs 50 days for condos. Condos offer a lower entry point with competitive returns. Both property types are available with AI-powered search on Propaired.

Question 18

What is the price per square foot in Payson?

Accepted Answer

The median price per square foot in Payson, Utah is $209. The average home size is 2,280 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 19

Is now a good time to buy a home in Payson, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.49% and Utah's unemployment rate is 3.6%, with Payson's market rated as "balanced." Prices are rising at 9.8% year-over-year. Current conditions may favor buyers with more negotiating room. Market timing depends on your personal financial situation and goals.

Question 20

When is the best time to buy a home in Payson?

Accepted Answer

Historically, August offers the most new listings in Payson, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Question 21

Is Payson a safe place to live?

Accepted Answer

Payson has a safety rating of 6.6 out of 10 (10 = safest) based on 2024 BCI NIBRS data. The overall crime rate is 30.5 per 1,000 residents, which is 34% below the statewide average, making it relatively safe with low crime. The violent crime rate is 5.7 per 1,000 residents and the property crime rate is 13.8 per 1,000 residents. (Population: 25,051)

Question 22

What is the crime rate in Payson?

Accepted Answer

In 2024, Payson's total NIBRS crime rate was 30.5 offenses per 1,000 residents. This includes crimes against persons (5.7 per 1K), property crimes (13.8 per 1K), and crimes against society. For comparison, the statewide average is approximately 46.4 per 1,000 residents. Source: Bureau of Criminal Identification NIBRS report.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

Featured Homes in Payson

$370,000

$399,000

$389,900

$884,900

$469,000

$775,000

$299,999

$559,000

$2,500,000

$722,700

$687,100

$339,950

Deals & Lifestyle in Payson

$370,000

$399,000

$389,900

$884,900

$469,000

$299,999

$559,000

$339,950

$319,900

$339,000

$329,753

$370,000

$399,000

$775,000

$674,900

Highlights in Payson

$8,450,000

$5,410,000

$5,200,000

$4,500,000

$3,750,000

$3,030,300

$2,999,999

$2,997,830

$2,701,809

$2,500,000

$2,300,000

$2,295,000

$549,900

$1,729,000

$374,990

$635,000

$540,000

$769,900

$674,900

$485,000

$355,000

Contact for Price

$449,900

$425,000

$465,000

$549,900

$392,900

$399,000

$374,900

$374,900

$392,900

$349,950

$722,700

$339,950

$363,653

$374,900

$465,400

$370,000

$595,000

$595,000

$360,000

$559,000

$255,000

$266,500