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City · 23,039 residents · Utah County, Utah

Payson , Utah

In Payson, a typical home is worth $429,600 and typical rent is $1,549 a month. Compared with all of Utah County, the typical home value is 20% lower, typical household income is 11% lower, and the share of households that own their home is 14 points higher.

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  • Typical home value

    $429,600

    20% below the county

    12% below Utah

    • Payson
    • Utah
    • Utah

  • Typical rent

    $1,549a month

    About the same as the county

    4% above Utah

    • Payson
    • Utah
    • Utah

  • Typical household income

    $89,905a year

    11% below the county

    6% below Utah

    • Payson
    • Utah
    • Utah

  • Households that own their home

    82%

    14 points above the county

    12 points above Utah

    • Payson
    • Utah
    • Utah

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

Market now, with Zillow data

Zillow data
Typical home value
$472,126
1.5% more than 12 months ago
Typical rent
$1,550 a month

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

Payson is in Utah County. The FHA loan limit ($601,450 for a one-unit home), the fair market rents and the help on this page are those of all of Utah 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. 82% of households in Payson own their home, against 68% in Utah County.

  2. The typical home in Payson is worth $429,600, 20% less than in Utah County as a whole ($538,700).

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

The detached house rules in Payson: 78% of homes, more than in Utah County (64%).

Year built

Homes in Payson are older: the typical year built is 1997; in Utah County, 2001.

In Payson, 82% of homes have 3 bedrooms or more, more than in Utah County (78%).

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
Monthly rent with utilities

With a mortgage

$1,871 a month

Utah County: $2,115 a month

Without a mortgage

$545 a month

Utah County: $570 a month

Owners with a mortgage

68%

Utah County: 73%

Owning costs less in Payson: with a mortgage, the typical cost is $1,871 a month; in Utah County, $2,115. Without one, $545.

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, the typical home value in Payson rose 86%; in Utah County, it rose 76%.

Since 2015–2019, the typical rent in Payson rose 52%, more than in Utah County (45%).

Housing prices ran ahead of income in Payson: typical income rose 34%, against +86% for home values and +52% for rent.

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

MeasurePaysonUtah CountyUtahUnited States
Rental vacancy Unreliable estimate2.7%5.5%5.5%
Homeowner vacancy Unreliable estimate0.6%0.6%0.9%
More than one person per room Unreliable estimate3.9%3.1%3.4%
People per household 3.353.392.972.53
Drive alone 74%65%67%69%
Carpool 8%10%10%9%
Public transit Unreliable estimate2%2%3%
Walk or bike Unreliable estimate3%3%3%
Work from home 15%19%18%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimateUnreliable estimateUnreliable estimate20 to 29 minutes

A household in Payson has 3.35 people on average, about the same as in Utah County (3.39).

To get to work, 74% of workers in Payson drive alone; in Utah County, 65%.

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 $429,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 45% of the typical household income in Payson, which is $89,905 a year. For that payment to be 28% of income, a household would need to earn about $145,492 a year.

The calculator's FHA and conventional loan limits are those of all of Utah 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 $15,036 (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

$3,395

at 7.18% · 30 years

Loan amount
$421,819
Total interest
$606,898
Paid off in
November 2056

Includes $7,255 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,098 a month

  • Tight

    $2,098 to $2,697 a month

  • Hard

    more than $2,697 a month

    Your payment · 45%

Compared with the typical household income in Payson ($89,905 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,395
Principal & interest$2,858
Property tax$168
Home insurance$179
FHA mortgage insurance (MIP)$190

You need at least $15,036 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 Utah County

Payson is in Utah County, Utah. 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
$429,600
Typical monthly rent
$1,549
Typical yearly household income
$89,905
Households that own their home
82%
Effective property tax rate
0.47%

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

Numbers for all of Utah County

FHA limit, one-unit home
$601,450
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,363
Price change over 5 years (FHFA)
+54%
Homes in a high flood-risk zone
0.5%

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 Utah County.

Everything about Utah County

Buying

Buying a home in Payson

A typical home in Payson is worth $429,600: 20% below the county and 12% below Utah. With the typical household income in Payson ($89,905 a year), a typical home costs 4.8 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 4.8 years
  • Utah 5.4 years
  • Utah 5.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Utah County

According to FHFA’s house price index, home prices in Utah County rose 119% in the 10 years through 2025.

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

Period County Utah U.S.
Last year (2025) +2.8% +2.4% +2.9%
5 years (2020–2025) +54% +53% +47%
10 years (2015–2025) +119% +121% +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 Utah County, Utah and the U.S.

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

Typical home value
  • Payson $429,600
  • Utah $538,700
  • Utah $489,400
  • United States $332,700
Typical monthly rent
  • Payson $1,549
  • Utah $1,541
  • Utah $1,496
  • United States $1,413
Typical yearly household income
  • Payson $89,905
  • Utah $100,671
  • Utah $95,166
  • United States $80,734
See the full table
Payson next to Utah County and Utah
Measure Payson Utah County Utah U.S.
Typical home value $429,600 $538,700 $489,400 $332,700
Typical monthly rent $1,549 $1,541 $1,496 $1,413
Typical yearly household income $89,905 $100,671 $95,166 $80,734
Households that own their home 82% 68% 70% 65%
Typical yearly property tax $2,019 $2,370 $2,525 $3,119
Effective property tax rate 0.47% 0.44% 0.52% 0.94%
Renters with high rent for their income 43% 45% 47% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Utah 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 $429,600 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 $3,395a month

    Least cash to close
    Down payment
    $15,036
    Cash to close
    $27,924
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $190

  • Conventional, 5% down $3,316a month

    Down payment
    $21,480
    Cash to close
    $34,368
    Rate
    7.18%
    Mortgage insurance
    PMI · $204

  • Conventional, 20% down, no PMI $2,675a month

    Down payment
    $85,920
    Cash to close
    $98,808
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,073a month

    Down payment
    $64,440
    Cash to close
    $77,328
    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 Utah County.

Property tax

Effective rate in Payson

0.47%of the home’s value each year

$2,019 a year for the typical owner in Payson.

  • Payson 0.47%
  • Utah 0.44%
  • Utah 0.52%

What Utah publishes Primary residential exemption (45 percent of value) (Utah State Legislature (Utah Code))

Exemptions and deadlines in Utah

Flood risk in Utah County

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

Homes in the high-risk zone
0.5%
886
Of those, with NFIP insurance
27%
County Utah U.S.
Homes in the high-risk zone 0.5% 0.8% 3.5%
Of those, with NFIP insurance 27% 16% 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 $1,549 a month: about the same as the county. In Payson, 43% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Utah County, by unit size. To pay the 2-bedroom one ($1,363 a month) without spending more than 30% of your income, you would need to earn $26.21 an hour working full time.

HUD fair market rent for all of Utah 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 $1,186 $22.81 $47,440
1 bedroom $1,192 $22.92 $47,680
2 bedrooms $1,363 $26.21 $54,520
3 bedrooms $1,887 $36.29 $75,480
4 bedrooms $2,278 $43.81 $91,120

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 84651.

For 2 bedrooms it is $1,400: $37 more than the fair market rent for Utah County ($1,363).

  • 84651 $1,400$1,940

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 2 buildings with rents for lower incomes in Payson. These are the largest.

  • Mountain View East Apts. 987 E 200 N, Payson 84651 32 low-income homes · 1 bd: 2 · 2 bd: 26 · 3 bd: 4 · In service since 1995
  • Grand Vista Apts. 620 E 100 N, Payson 84651 27 low-income homes · 1 bd: 27 · In service since 1991

See all 30 buildings in Utah 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.

There are 2 HUD-approved agencies with an office in Utah County; 1 says it serves in Spanish.

An older woman smiles in front of her apartment building.

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 Utah County. The ones below are statewide in Utah: they work in Payson the same as in the rest of the state.

Which programs do I qualify for? All programs in Utah

  • Utah Housing Down Payment Assistance Second Mortgage

    Statewide in Utah

    Utah state agency second mortgage for the down payment or closing costs alongside its first mortgage: up to 6% of the loan with monthly payments, or up to 3.5% at 3.5% with deferred interest and no payments; capped at $27,500. Offered by Utah Housing Corporation (UHC).

    RepayableDeferred

    See the program Official page

  • First-time Homebuyer Assistance Program

    Statewide in Utah

    Utah state loan, run by Utah Housing, of up to $20,000 with no interest or monthly payments for the down payment, closing costs or a lower rate; only for first-time buyers of a newly built home with a Utah Housing mortgage. Offered by Utah Housing Corporation (UHC).

    Deferred

    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.

  • Community Action Services

    815 S Freedom Blvd, Provo · 14 miles away · Spanish

    Also serves in Vietnamese.

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (801) 373-8200

  • Neighborworks Mountain Country Home Solutions

    1031 W Center St Ste 302, Orem · 18 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (801) 375-5820

  • Utah State University-Salt Lake County Extension

    2001 South State Street, Salt Lake City · 48 miles away

    • Homebuyer education workshops
    (385) 468-4830

Every agency in Utah County All counseling agencies in Utah

Help in Spanish near Payson

1 of the 3 agencies on this list says it serves 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 Utah County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of Utah County Public housing and Section 8 vouchers (801) 373-8333

One other authority has an office in Utah County: see the list Source: HUD

Cities

Other cities in Utah County

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

Everything about Utah County Housing in Utah
See 5 more cities in Utah County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

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

Neighboring counties

If Utah 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
Three generations of a family gather on the porch of their home.

Questions

Housing questions about Payson

Short answers with the numbers for Payson and all of Utah 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 $429,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Utah County it is $538,700.

How much does it cost to rent in Payson?

Typical rent in Payson is $1,549 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Utah County is $1,363.

What is the FHA loan limit in Payson?

Payson uses the FHA limit for all of Utah County (2026): $601,450 for a one-unit home and $1,156,650 for a four-unit home.

How much property tax do owners pay in Payson?

The typical homeowner in Payson pays $2,019 a year, according to the U.S. Census Bureau. That is 0.47% of the home’s value; in Utah County, the rate is 0.44%.

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

There are 2 HUD-approved counseling agencies with an office in Utah County. 1 says it serves in Spanish. 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).