Home prices
Payson's median home cost is $236,300. Compared to its nearby areas this is approximately $52,740 (28%) higher.It is about $18,800 (8%) higher compared to the nation as a whole, and compared to the city of Phoenix is is very similar.
Rents
In Payson the median monthly rent is $966. In comparison to its nearby areas it is approximately $189 (24%) higher.It is approximately $96 (9%) lower compared to the rest of the nation, and compared to the city of Phoenix it is approximately $87 (8%) lower.
Nearby places
Star Valley
Star Valley is Payson's neighbor to the east. Housing prices there are significantly less expensive. The median home in Star Valley costs $154,300, which is $82,000 (53%) lower than Payson. The rent there is significantly less expensive. The median monthly rent in Star Valley is $323, which works out to $643 (199%) lower than Payson.
Mesa del Caballo
Mesa del Caballo is approximately 3 miles north of Payson. Real estate prices there are significantly less expensive. Mesa del Caballo's median home price is $126,700, which is $109,600 (86%) lower than Payson. The rent there is a bit more expensive. In Mesa del Caballo the median rent is $1,339 per month, which works out to $373 (27%) higher than Payson.
Tonto Village
Tonto Village is roughly 10 miles northeast of Payson. Its housing prices are pretty similar. The median home value in Tonto Village is $238,100, which is very similar to Payson. Its rents are a bit less expensive. Tonto Village's median rent is $774 a month, which comes out to $192 (24%) lower than Payson.
Strawberry
Strawberry is approximately 14 miles northwest of Payson. Its real estate prices are somewhat less expensive. The median home in Strawberry costs $208,000, which comes out to $28,300 (13%) lower than Payson. The rent there is pretty similar. The median monthly rent in Strawberry is $949, which comes out to $17 (1%) lower than Payson.
Young
Young is roughly 20 miles southeast of Payson. The real estate prices there are a little less expensive. Young's median home cost is $190,700, which works out to $45,600 (23%) lower than Payson. Rent there is a lot less expensive. The median monthly rent in Young is $499, which works out to $467 (93%) lower than Payson.
