Payson Home Prices & Values

$198,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 10.7% 1-year change
  • No data 1-year forecast

The median home value in Payson is $198,700. Payson home values have gone up 10.7% over the past year. The median list price per square foot in Payson is $150, which is higher than the Payson Metro average of $144. The median price of homes currently listed in Payson is $279,900 while the median price of homes that sold is $227,598. The median rent price in Payson is $665, which is lower than the Payson Metro median of $1,250.

Foreclosures will be a factor impacting home values in the next several years. In Payson 2.9 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Payson is 5.2%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Payson homeowners underwater on their mortgage is 17.7%.

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Relative ZHVI
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Payson Market Overview

Data through Jun 30, 2014
  • $198,700 ZHVI
  • No data 1-yr forecast
  • $279,900 Median listing price
  • $227,598 Median sale price (May 31, 2014)
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Payson Market Health

Data through Jun 30, 2014
  • 4.9/10 Stable What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 17.7% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 5.2% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

2.9 homes Payson
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Happy Jack $220,400 Star Valley $214,200 Camp Verde $190,700
Pine $175,000    

Listings & Sales

Data through Jun 30, 2014
  • $150 Median list price / sq ft
  • $136 Median sale price / sq ft (May 31, 2014)
  • 31.2% Listings with price cut
39.9%
Sold below listing
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Payson Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,195 Payson
$1,071 Payson Metro
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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