The housing market in Payson, UT is booming. The median value of homes there is $425,000, which is significantly higher than the US median value of $338,100. In the past year, US homes have appreciated by 8.27%, while homes in Payson have seen an even more impressive appreciation rate of 10.89%. This indicates a strong demand for housing in Payson and suggests that it could be a great place to invest in real estate.
The median home cost in Payson is $425,000. Home appreciation the last 10 years has been 166.8%. Home Appreciation in Payson is up 16.1%.
Average Age of Homes
- The median age of Payson real estate is 25 years old
The Rental Market in Payson
- Renters make up 22.6% of the Payson population
- 0.4% 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.