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Market Report, Utah County
Median sale price, median rent, days on market, inventory and rent-to-price ratio for Payson, with nearby cities for comparison.
$400K
Median Home Price
$1,400/mo
Median Rent
22,000
Population
2.5%
Growth Rate
Avg Days on Market
24 days
Median Household Income
$68K
Owner-Occupied Homes
70%
Gross Rent Yield
4.2%
Rent-to-Income Ratio
25%
Price-to-Income Ratio
5.9x
Elevation
4,640 ft
School District: Nebo School District
| City | Price | Rent | Population | Growth | DOM |
|---|---|---|---|---|---|
| Payson | $400K | $1,400 | 22,000 | 2.5% | 24 |
| Salem | $480K | $1,550 | 12,000 | 4.0% | 27 |
| Santaquin | $380K | $1,350 | 13,000 | 4.5% | 25 |
| Spanish Fork | $430K | $1,450 | 45,000 | 3.0% | 23 |
| Mapleton | $600K | $1,900 | 12,500 | 2.8% | 32 |
| Springville | $445K | $1,500 | 37,000 | 2.5% | 24 |
| Provo | $470K | $1,500 | 115,000 | 1.5% | 23 |
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