Quick facts: Payson, AZ

Quick Facts

104.3
Cost of Living
above US average
16,653
Population
21.02
Crime Rate per 1000
below US average
$60,095
Median Income
below US average
$385,000
Median House Price
above US average
$2276.54
Average Rent
above US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $60,095.

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Income Needed to Buy

βœ— Stretch
$121k/year
Based on $385,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $121k vs median $60,095
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Income Needed to Rent

⚠ Stretch
$98k/year
Based on $2276.54/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $98k vs median $60,095
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Payson, AZ

Payson, Arizona, located in the heart of the Tonto National Forest, is a charming town known for its stunning natural beauty and outdoor recreational opportunities. Nestled at an elevation of about 5,000 feet, Payson enjoys a mild climate, making it a year-round destination for nature enthusiasts. The town is renowned for its rich history, with roots dating back to the late 1800s. Visitors can explore the historic downtown area, which features quaint shops, local restaurants, and art galleries. Payson's proximity to various hiking trails, such as the popular Horton Creek Trail and Water Wheel Falls, makes it a haven for hikers and nature lovers. In addition to its outdoor activities, Payson hosts several annual events, including the Payson Rodeo, one of Arizona's oldest rodeos, attracting visitors from all over. Its close-knit community vibe and friendly atmosphere contribute to the town's appeal as a perfect getaway or a peaceful place to call home. Whether you're seeking adventure or tranquility, Payson offers a unique blend of both.

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