Condo Foreclosures in Payson, UT 84651

Buyer vs Seller Market in Payson, UT

Payson’s real estate market has remained stable over the past year, with a gradual increase in home prices due to growing demand and low inventory. The area has attracted a number of new residents seeking a quieter lifestyle while being close to larger urban centers. As more families move to the area, interest in housing continues to rise, contributing to a competitive market for buyers.

Recent data indicates that homes in Payson are selling quickly, often within days of being listed. The average sale price has seen an uptick of around 5-7% over the past year, reflecting a positive trend as more people recognize the value of living in this scenic city.

Rent Prices In Payson, UT

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Payson, UT, is on a rollercoaster ride. The average rent price in Payson, UT, is $1,779.00. Indeed, when looking to rent in Payson, UT, you can expect to pay as little as $500.00 or as much as $3,220.00, with the average rent median estimated to be $1,740.00. The good news is that finding an affordable and desirable property to rent in Payson, UT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.