While many picture Arizona as sand and cactus, Arizona?s "Rim Country" in Central Arizona offers a majestic setting with spectacular views and a mild, four-season climate. Payson is the economic hub of Central Arizona's high country and the growing population center for all of Gila County. (more)
Situated at a comfortable 5,000 feet, Payson is just a 90-minute drive from the Phoenix metropolitan area and is known for its beauty, recreational opportunities and more dynamic business environment. The area, a longtime haven for retirees, is quickly becoming a year-round destination for families. Nearly 25,000 residents live in the area that is set amidst one of the largest stands of Ponderosa pine in the world. With a rich Western heritage, Payson captures the atmosphere of rural America but still offers the amenities for modern lifestyles.
Payson Real Estate Market
Home prices in the Payson area range from $60,000 to $170,000 for condominiums and townhouses. Single-family homes in Payson start at around $70,000 and run up to $3.2 million for large estate homes with spectacular views.
Payson, Arizona Average Home Sizes and Asking Prices
Asking Price in 85541 - 3 Bedroom Single Family Homes
Payson Real Estate Stats and Trends for the week of February 18th, 2020: homes priced around $490,740 compared to $580,003 the previous week, showing a decrease of less than -18%. For Tuesday, February 18th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.