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Featured local agent — Payson, UT
Sarah Mitchell
Compass Real Estate · Payson, UT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Payson, UT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$504,500median sale price
How is the Payson, UT housing market right now?
The median home sale price in Payson, UT is $504,500, up 9.7% year-over-year. Homes sell in an average of 45 days with 92 active listings. The market is currently a balanced market. (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, UT is currently a balanced market, based on 4.2 months of supply and homes selling in about 45 days. How we determine this →
Homes sold
22
Last 12 weeks
Days on market
45
Average pace
Active listings
92
4.2 months supply
Sale-to-list
100.1%
Above asking
What does the Payson housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $504,500 |
| Median list price | $512,450 |
| Year-over-year price change | +9.7% |
| Average days on market | 45 days |
| Active inventory | 92 listings |
| Months of supply | 4.2 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $206/sq ft |
| Homes sold (latest month) | 22 |
| New listings (latest month) | 34 |
| Listings with a price cut | 37.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Payson by property type?
How the Payson, UT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $538,000 | $193/sq ft | 15 | 39 days |
| Condo / Co-op | $263,000 | $216/sq ft | 2 | 53 days |
| Townhouse | $400,000 | $236/sq ft | 5 | 66 days |
Source: Redfin · Updated monthly
The Payson housing market is currently classified as a balanced market with a median sale price of $504,500. Prices have risen 9.7% compared to last year, with homes spending an average of 45 days on market, indicating 4.2 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 5.6x provides context for how home values compare to local earning capacity.
Homes for sale in Payson
There are currently 92 homes listed for sale in Payson, Utah. The median listing price is $512K.
Active listings
92
Homes on market
Median list price
$512K
Avg. days on market
45
Days until sale
New this week
34
Newly listed
Who lives in Payson?
Population
22,205
Median income
$84,286/yr
Median age
29.3 years
Owner-occupied
82.2%
College grads
26.6%
Avg commute
21.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Payson?
Zillow home value
$476,000
Zillow rent index
$1,582/mo
Price-to-rent ratio
25.1x
Price-to-income
5.6x
Source: Zillow Research
What is it like to live in Payson?
Payson is a community of approximately 22K residents with a median age of 29.3 years.The median household income is $84,286, which reflects a relatively affluent area with strong earning potential. 26.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 82.2%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.8 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?
8 schools tracked · 6,037 students
The largest public schools serving Payson, UT 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
Grades 6-12 · 1,601 students
Payson Jr High
Grades 7-9 · 1,111 students
Mt. Nebo Middle
Grades 6-7 · 1,104 students
Spring Lake School
Grades PK-6 · 567 students
Barnett School
Grades PK-6 · 511 students
Taylor School
Grades PK-6 · 419 students
Wilson School
Grades PK-6 · 367 students
Park View School
Grades PK-6 · 357 students
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, UT?
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 25.1x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 9.7% 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 $504,500, up 9.7% from last year.
How long do homes stay on market in Payson?
Homes typically spend 45 days on market before going under contract.
What is the median income in Payson?
The median household income is $84,286 per year.
Is Payson a buyer's or seller's market?
With 4.2 months of supply, Payson is currently a balanced market.
What is the Zillow home value estimate for Payson?
The Zillow Home Value Index (ZHVI) for Payson is $476,000, 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, UT is $263,000, compared to $538,000 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, UT is $538,000 (about $193 per square foot).
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