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Payson, Utah
Location & Population
Payson, Utah is located south of Salt
Lake City in Utah County. Payson is home to the
annual Scottish Heritage Festival and the Onion Days
Festival.
The city has around 3% of the county's population.
According to the 2000 Census, the population was
12,825.
Real Estate | Housing
The Census records show that there were 3,876 housing units,
74% is owner occupied.
The monthly median housing
cost with a mortgage was $998 while the median gross
rent was $597. The Payson median value for owner occupied
housing was $125,800 with a median real estate tax
of $655.
Income
Payson median household income in 1999 was
$43,539. Around 17% of the households in Payson possess some type of self-employment.
Payson Zip Code | Area Code
The zip code for Payson is 84651. The area code is 801.
Payson Real Estate Market
Demand is down from last year. 1st Quarter 2007 experienced a 39.42% drop in the number of single family homes sold in Payson from a year ago. The second Quarter performed better posting a 20.83% drop from last year. Although demand is down, homes are surprisingly selling much faster on the market. The number of days on market for a new listing until sold has fallen 21.67% the 1st Quarter and 22.64% the 2nd Quarter. Homes priced right are selling faster than last year by 12 to 14 days sooner.
Supply of single family homes on the market is up from last year. During the 1st Quarter 2007 supply was actually down by 5.3%. However, the number of homes on the market increased by 34.11% during the 2nd Quarter over last year.
Prices for single family homes have increased by 33.83% 1st Quarter and 17.57% 2nd Quarter. The average home sold for $256,129 during the 2nd Quarter for a stunning 20.16% gain over last year.
Links to Other
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Murray, Utah
North Ogden, Utah
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Ogden, Utah
Orem, Utah
Park City, Utah
Payson, Utah
Pleasant Grove, Utah
Provo, Utah
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Barry J. Preusz
Realtor®
| Residential Specialist
7090 South Union Park Center, Ste 650
Midvale, Utah 84047
Office: (801) 253-6771
Click Here to Contact Us
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