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Featured local agent — Payson, AZ
Sarah Mitchell
Compass Real Estate · Payson, AZ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Payson, AZ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$525,000median sale price
How is the Payson, AZ housing market right now?
The median home sale price in Payson, AZ is $525,000, up 16.7% year-over-year. Homes sell in an average of 40 days with 205 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Payson a buyer's or seller's market?
Payson, AZ is currently a leaning buyer's, based on 5.3 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
39
Last 12 weeks
Days on market
40
Average pace
Active listings
205
5.3 months supply
Sale-to-list
97.8%
Below asking
What does the Payson housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $525,000 |
| Median list price | $572,000 |
| Year-over-year price change | +16.7% |
| Average days on market | 40 days |
| Active inventory | 205 listings |
| Months of supply | 5.3 months |
| Sale-to-list price ratio | 97.8% |
| Median price per sq ft | $307/sq ft |
| Homes sold (latest month) | 39 |
| New listings (latest month) | 70 |
| Listings with a price cut | 25.4% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Payson by property type?
How the Payson, AZ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $535,000 | $314/sq ft | 35 | 40 days |
| Condo / Co-op | $362,500 | $276/sq ft | 4 | 66 days |
Source: Redfin · Updated monthly
The Payson housing market is currently classified as a leaning buyer's with a median sale price of $525,000. Prices have risen 16.7% compared to last year, with homes spending an average of 40 days on market, indicating 5.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.9x provides context for how home values compare to local earning capacity.
Homes for sale in Payson
There are currently 205 homes listed for sale in Payson, Arizona. The median listing price is $572K.
Active listings
205
Homes on market
Median list price
$572K
Avg. days on market
40
Days until sale
New this week
70
Newly listed
Who lives in Payson?
Population
16,494
Median income
$65,175/yr
Median age
58.9 years
Owner-occupied
77.2%
College grads
26.5%
Avg commute
18.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Payson?
Zillow home value
$452,322
Zillow rent index
$1,733/mo
Price-to-rent ratio
21.8x
Price-to-income
6.9x
Source: Zillow Research
What is it like to live in Payson?
Payson is a community of approximately 16K residents with a median age of 58.9 years.The median household income is $65,175, which represents a working-class community with solid middle-income opportunities. 26.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 77.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 18.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Payson offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Payson?
7 schools tracked · 2,218 students
The largest public schools serving Payson, AZ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Payson High School
Grades 9-12 · 748 students
Julia Randall Elementary School
Grades 2-5 · 571 students
Rim Country Middle School
Grades 6-8 · 488 students
Payson Elementary School
Grades K-2 · 411 students
NAVIT - Payson High School
Grades 9-12
NAVIT - Gila Community College
Grades 9-12
Payson Center for Success - Online
Grades 7-12
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Payson, AZ?
Want a head-to-head view? Compare Payson side-by-side with any other U.S. city using our market-comparison tool.
Is Payson a good real estate investment market?
For investors evaluating Payson, the price-to-rent ratio of 21.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 16.7% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Payson's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Payson's median home price.
Frequently asked questions
What is the average home price in Payson?
The median home sale price in Payson is $525,000, up 16.7% from last year.
How long do homes stay on market in Payson?
Homes typically spend 40 days on market before going under contract.
What is the median income in Payson?
The median household income is $65,175 per year.
Is Payson a buyer's or seller's market?
With 5.3 months of supply, Payson is currently a leaning buyer's.
What is the Zillow home value estimate for Payson?
The Zillow Home Value Index (ZHVI) for Payson is $452,322, representing the typical home value in the area.
What is the median condo price in Payson?
The median condo/co-op sale price in Payson, AZ is $362,500, compared to $535,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Payson?
The median single-family home price in Payson, AZ is $535,000 (about $314 per square foot).
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