Why Live in Payson
Payson, Utah, is an up-and-coming city with a rich history and a growing population of over 23,000 residents. Located conveniently near Provo and Salt Lake City, Payson offers larger, more affordable housing options compared to its northern neighbors. The city features diverse home styles, including single-story cottages in Heritage Village, modern contemporary two-stories in Canyonway, and multi-million-dollar homes along the foothills of Mount Loafer. The Nebo School District serves the community with eight schools, and the soon-to-open Mountainland Technical College Payson Campus will offer programs in culinary arts, automotive tech, and digital design. Payson boasts numerous attractions, such as Memorial Park with its pickleball courts, playground, and outdoor stage, and the Gene Hillman Recreational Complex with baseball, softball, and soccer fields. The Payson Community Pool provides slides and a lap pool, while the Mt. Nebo Loop and Lincoln Beach offer scenic outdoor recreation. Historic Downtown Payson features old-timey rowhouse buildings, Eli’s Old School Ice Cream and Soda Shop, and the Huish Theatre. The city hosts annual events like the Salmon Supper and Onion Days festival, fostering strong community spirit. Commuters benefit from quick access to I-15, with Spanish Fork, Orem, and Provo all within 25 miles, and Provo Airport 17 miles away. Payson has lower crime rates compared to state and national averages, though the area is at moderate wildfire risk, potentially affecting insurance rates.
Home Trends in Payson, UT
On average, homes in Payson, UT sell after 78 days on the market compared to the national average of 70 days. The median sale price for homes in Payson, UT over the last 12 months is $505,900, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$505,900
Median Single Family Sale Price
$648,000
Median Townhouse Sale Price
$407,900
Average Price Per Sq Ft
$260
Number of Homes for Sale
26
Last 12 months Home Sales
145
Median List Price
$609,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
7%