Home prices
The median home in Payson costs $231,000. Compared to its nearby areas this is approximately $176,540 (43%) lower.Compared to the rest of the nation it is roughly $13,500 (6%) higher, and compared to the city of Salt Lake City it is about $83,500 (26%) lower.
Rents
Payson's median monthly rent is $1,017. This is roughly $331 (24%) lower compared to its nearby areas.It is roughly $45 (4%) lower compared to the United States as a whole, and it is about $32 (3%) higher in comparison to the city of Salt Lake City.
Nearby places
West Mountain
West Mountain is Payson's neighbor to the northwest. The real estate prices there are substantially more expensive. The median home price in West Mountain is $478,000, which is $247,000 (51%) higher than Payson. The rent there is a bit more expensive. The median rent in West Mountain is $1,281 a month, which comes out to $264 (20%) higher than Payson.
Salem
Salem is Payson's neighbor to the east. The real estate prices there are a bit more expensive. The median home value in Salem is $331,900, which is $100,900 (30%) higher than Payson. The rent there is a bit more expensive. In Salem the median monthly rent is $1,250, which works out to $233 (18%) higher than Payson.
Elk Ridge
Elk Ridge is Payson's neighbor to the southeast. Its real estate prices are substantially more expensive. The median home value in Elk Ridge is $356,300, which comes out to $125,300 (35%) higher than Payson. Its rents are substantially more expensive. Elk Ridge's median monthly rent is $1,536, which works out to $519 (33%) higher than Payson.
Benjamin
Benjamin is Payson's neighbor to the north. Its housing prices are substantially more expensive. The median home in Benjamin costs $386,200, which works out to $155,200 (40%) higher than Payson. Rents there are somewhat less expensive. The median monthly rent in Benjamin is $798, which works out to $219 (27%) lower than Payson.
Woodland Hills
Woodland Hills is roughly 4 miles east from Payson. The real estate prices there are a lot more expensive. Woodland Hills's median home value is $485,300, which works out to $254,300 (52%) higher than Payson. Its rents are substantially more expensive. The median rent in Woodland Hills is $1,875 per month, which comes out to $858 (45%) higher than Payson.
