Payson, AZ home prices
Typical home $385,127 · -0.2% in a year · income needed $104,200
The Payson, AZ metro area ranks 172 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -0.2% in a year and +14.2% over five years. With 20% down at 7.11%, the typical home costs about $2,430 a month including 0.51% property tax (Gila County rate).
Mortgage on the typical Payson home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $77,025 | $308,101 | $2,073 | $0 | $358 | $2,430 | $104,200 |
| 10% down | $38,513 | $346,614 | $2,332 | $144 | $358 | $2,834 | $121,400 |
| 5% down | $19,256 | $365,870 | $2,461 | $152 | $358 | $2,971 | $127,300 |
| 3.5% down (FHA) | $13,479 | $378,151 | $2,544 | $170 | $358 | $3,072 | $131,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.51% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Payson area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Gila County, AZ | $385,173 | -0.2% | 0.51% |
What can you afford in Arizona on your salary? · Arizona home prices · Salaries in Arizona
Frequently asked questions
How much is a house in Payson?
The typical home in the Payson, AZ metro area is worth $385,127 (Zillow, September 2026).
What salary do you need to buy a house in Payson?
About $104,200 a year for the typical home with 20% down at 7.11%.