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City · 16,622 residents · Gila County, Arizona

Payson , Arizona

In Payson, a typical home is worth $382,400 and typical rent is $1,345 a month. Compared with all of Gila County, the typical home value is 42% higher and typical rent is 31% higher.

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  • Typical home value

    $382,400

    42% above the county

    3% below Arizona

    • Payson
    • Gila
    • Arizona

  • Typical rent

    $1,345a month

    31% above the county

    13% below Arizona

    • Payson
    • Gila
    • Arizona

  • Typical household income

    $67,710a year

    9% above the county

    15% below Arizona

    • Payson
    • Gila
    • Arizona

  • Households that own their home

    76%

    2 points below the county

    8 points above Arizona

    • Payson
    • Gila
    • Arizona

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$443,575
0.5% less than 12 months ago
Typical rent
$2,011 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Payson is in Gila County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Gila County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Payson apart

What this place has that others do not, from public data, most unusual first.

  1. The typical home in Payson is worth $382,400, 42% more than in Gila County as a whole ($269,400).

  2. The typical rent in Payson is $1,345 a month, 31% more than in Gila County as a whole ($1,030).

  3. Nearby, in Camp Verde, the typical rent is $1,059: 21% less than in Payson ($1,345).

  4. Nearby, in Camp Verde, the typical home value is $318,100: 17% less than in Payson ($382,400).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Payson

What homes there are in Payson, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Payson, 7 in 10 homes are single-family detached houses, about the same as in Gila County.

Year built

The typical home in Payson was built in 1993, 7 years after the typical one in Gila County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

About 75% of owner-occupied homes in Payson are worth less than the FHA loan limit for Gila County ($541,287).

Monthly rent with utilities

With a mortgage

$1,680 a month

Gila County: $1,509 a month

Without a mortgage

$582 a month

Gila County: $457 a month

Owners with a mortgage

50%

Gila County: 42%

In Payson, 50% of owners have a mortgage, and their typical cost is $1,680 a month, against $1,509 in Gila County. Without one it drops to $582.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Payson rose at about the same pace as in Gila County: 62% against 63%.

The typical rent in Payson rose 39% over the same time; in Gila County, it rose 26%.

Here income did not keep up with housing: it rose 32%, while home values changed +62% and rent +39%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasurePaysonGila CountyArizonaUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.8%5.5%
Homeowner vacancy Unreliable estimate1.8%1.0%0.9%
More than one person per room Unreliable estimate3.8%4.3%3.4%
People per household 1.992.232.532.53
Drive alone 67%67%67%69%
Carpool 18%17%10%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate3%2%3%
Work from home 14%12%18%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate10 to 19 minutes20 to 29 minutes20 to 29 minutes

Households in Payson are smaller: 1.99 people on average; in Gila County, 2.23.

To get to work, 67% of workers in Payson drive alone; in Gila County, 67%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Payson?

A typical home costs more than the typical income allows

We start with a typical home in Payson, worth $382,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 54% of the typical household income in Payson, which is $67,710 a year. For that payment to be 28% of income, a household would need to earn about $129,507 a year.

The calculator's FHA and conventional loan limits are those of all of Gila County.

Your numbers

Local data
$

Starts at the typical home value in Payson. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $13,384 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,022

at 7.18% · 30 years

Loan amount
$375,474
Total interest
$540,219
Paid off in
November 2056

Includes $6,458 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,580 a month

  • Tight

    $1,580 to $2,031 a month

  • Hard

    more than $2,031 a month

    Your payment · 54%

Compared with the typical household income in Payson ($67,710 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,022
Principal & interest$2,544
Property tax$150
Home insurance$159
FHA mortgage insurance (MIP)$169

You need at least $13,384 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Payson and Gila County

Payson is in Gila County, Arizona. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Payson's own numbers

Typical home value
$382,400
Typical monthly rent
$1,345
Typical yearly household income
$67,710
Households that own their home
76%
Effective property tax rate
0.47%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Gila County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,380
Price change over 5 years (FHFA)
+52%
Homes in a high flood-risk zone
7.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Gila County.

Everything about Gila County

Buying

Buying a home in Payson

A typical home in Payson is worth $382,400: 42% above the county and 3% below Arizona. With the typical household income in Payson ($67,710 a year), a typical home costs 5.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Payson 5.6 years
  • Gila 4.3 years
  • Arizona 4.9 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Gila County

According to FHFA’s house price index, home prices in Gila County rose 112% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Gila County.

Period County Arizona U.S.
Last year (2025) −0.8% +0.9% +2.9%
5 years (2020–2025) +52% +55% +47%
10 years (2015–2025) +112% +119% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Payson next to Gila County, Arizona and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Payson $382,400
  • Gila $269,400
  • Arizona $394,500
  • United States $332,700
Typical monthly rent
  • Payson $1,345
  • Gila $1,030
  • Arizona $1,543
  • United States $1,413
Typical yearly household income
  • Payson $67,710
  • Gila $61,986
  • Arizona $79,964
  • United States $80,734
See the full table
Payson next to Gila County and Arizona
Measure Payson Gila County Arizona U.S.
Typical home value $382,400 $269,400 $394,500 $332,700
Typical monthly rent $1,345 $1,030 $1,543 $1,413
Typical yearly household income $67,710 $61,986 $79,964 $80,734
Households that own their home 76% 78% 67% 65%
Typical yearly property tax $1,789 $1,386 $1,879 $3,119
Effective property tax rate 0.47% 0.51% 0.48% 0.94%
Renters with high rent for their income 46% 39% 51% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Gila County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Payson

For a typical $382,400 home in Payson, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Payson's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,022a month

    Least cash to close
    Down payment
    $13,384
    Cash to close
    $24,856
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $169

  • Conventional, 5% down $2,952a month

    Down payment
    $19,120
    Cash to close
    $30,592
    Rate
    7.18%
    Mortgage insurance
    PMI · $182

  • Conventional, 20% down, no PMI $2,382a month

    Down payment
    $76,480
    Cash to close
    $87,952
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,735a month

    Down payment
    $57,360
    Cash to close
    $68,832
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Payson and for Gila County.

Property tax

Effective rate in Payson

0.47%of the home’s value each year

$1,789 a year for the typical owner in Payson.

  • Payson 0.47%
  • Gila 0.51%
  • Arizona 0.48%

What Arizona publishes Senior Property Valuation Protection (valuation freeze) (Arizona Department of Revenue (ADOR))

Exemptions and deadlines in Arizona

Flood risk in Gila County

FEMA does not publish these numbers by city: they are for all of Gila County.

Homes in the high-risk zone
7.4%
2,220
Of those, with NFIP insurance
11%
County Arizona U.S.
Homes in the high-risk zone 7.4% 2.2% 3.5%
Of those, with NFIP insurance 11% 21% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Payson

Typical rent in Payson is $1,345 a month: 31% above the county. In Payson, 46% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Gila County, by unit size. To pay the 2-bedroom one ($1,380 a month) without spending more than 30% of your income, you would need to earn $26.54 an hour working full time.

HUD fair market rent for all of Gila County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,048 $20.15 $41,920
1 bedroom $1,055 $20.29 $42,200
2 bedrooms $1,380 $26.54 $55,200
3 bedrooms $1,684 $32.38 $67,360
4 bedrooms $1,953 $37.56 $78,120

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Payson

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Payson is in ZIP code 85541.

For 2 bedrooms it is $1,540: $160 more than the fair market rent for Gila County ($1,380).

  • 85541 $1,540$1,890

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Payson when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Payson

HUD lists 6 buildings with rents for lower incomes in Payson. These are the largest.

  • Canal Senior Apts 807 S Westerly Rd, Payson 85541 67 homes, 58 low-income · 1 bd: 55 · 2 bd: 7 · In service since 2005 · For older adults
  • Pineview Manor 304 S Clark Rd, Payson 85541 49 low-income homes · Studio: 8 · 1 bd: 36 · 2 bd: 5 · In service since 2012 · For older adults, people with disabilities (928) 474-1317
  • Center Ridge Apts 105 E Main St, Payson 85541 48 low-income homes · 2 bd: 28 · 3 bd: 20 · In service since 2009 · For people with disabilities
  • Payson Senior Center Apts 311 S McLane Rd, Payson 85541 40 low-income homes · 1 bd: 39 · 2 bd: 1 · In service since 1992 · For older adults
  • Green Valley Apts 905 S McLane Rd, Payson 85541 40 homes, 34 low-income · 2 bd: 16 · 3 bd: 24 · In service since 2003

See all 11 buildings in Gila County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Payson

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Gila County. The nearest ones are below; many serve by phone or online.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Payson

No down payment, repair or rent-help program on our list is for Payson or Gila County. The ones below are statewide in Arizona: they work in Payson the same as in the rest of the state.

Which programs do I qualify for? All programs in Arizona

  • Home Plus

    Statewide in Arizona

    Open, per the source

    Arizona IDA down payment assistance across Arizona: a second loan with no interest and no payments, forgiven after five years. Offered by Arizona Industrial Development Authority (Arizona IDA).

    ForgivableDeferred

    See the program Official page

Housing counselors near Payson

The HUD-approved agencies closest to the center of Payson, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Take Charge America

    20430 N 19th Ave, Phoenix · 60 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (866) 987-2008

  • Take Charge America- El Centro

    20430 N 19th Ave, Phoenix · 60 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 3 more
    (866) 987-2008

  • Credit Advisors Foundation

    7525 E Camelback Rd, Scottsdale · 62 miles away · Spanish

    Also serves in Korean and other languages.

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (402) 514-3340

All counseling agencies in Arizona

Help in Spanish near Payson

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Payson

HUD’s record names them for Payson or Gila County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Arizona Source: HUD

Cities

Other cities in Gila County

These cities are also in Gila County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Gila County Housing in Arizona

Nearby cities

The cities closest to Payson, with the typical home value.

Neighboring counties

If Gila County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Payson.

All guides
A smiling girl holds up a small mushroom she found on a forest outing.

Questions

Housing questions about Payson

Short answers with the numbers for Payson and all of Gila County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Payson?

The typical home value in Payson is $382,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Gila County it is $269,400.

How much does it cost to rent in Payson?

Typical rent in Payson is $1,345 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Gila County is $1,380.

What is the FHA loan limit in Payson?

Payson uses the FHA limit for all of Gila County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Payson?

The typical homeowner in Payson pays $1,789 a year, according to the U.S. Census Bureau. That is 0.47% of the home’s value; in Gila County, the rate is 0.51%.

Where can I find free help to buy or rent in Payson?

We found no HUD-approved counseling agencies with an office in Gila County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).