Payson, AZ is a great place for those looking to invest in housing. The median value of homes in Payson is $400,000, which is higher than the US national median value of $338,100. Furthermore, the 1-year appreciation rate for houses in the area is 14.29%, which is higher than the overall US rate of 8.27%. This makes investing in housing in Payson a potentially profitable endeavor for those who want to capitalize on their investment.
The median home cost in Payson is $400,000. Home appreciation the last 10 years has been 138.7%. Home Appreciation in Payson is up 18.9%.
Average Age of Homes
- The median age of Payson real estate is 29 years old
The Rental Market in Payson
- Renters make up 22.0% of the Payson population
- 1.1% of houses and apartments in Payson, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.