What HUD offices serve Payson, Arizona?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Arizona Public Housing and Low-Income Apartments Waiting Lists page for openings near Payson.
How many renters live in Payson, Arizona?
The City of Payson has 16,363 people living in 7,558 households.
There are 3,829 renters living in 1,763 renter households in this City. Renters make up 23.4 percent of the population living in Payson.
What is the rental market like in Payson, Arizona?
There are an estimated 9,728 housing units in the Payson area. Of these, 1,906 units are rental homes, making up 20 percent of the housing market. For every renter household in Payson, Arizona, there are 1 rental units.
What is the vacancy rate for rentals in Payson?
The rental vacancy rate in Payson is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Payson for each bedroom size?
Occupied Rental Units by Size in Payson
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 24 | 416 | 594 | 604 | 125 |
Occupied Rental Units by Size in Payson
A large number of apartments in Payson have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Payson are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 22 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Payson
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $855 to $1,846. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $855 |
| One BR | $960 |
| Two BR | $1,262 |
| Three BR | $1,778 |
| Four BR | $1,846 |
2024 Fair Market Rents in Payson, Arizona
How many units are rented at Fair Market Rent (FMR) in Payson?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 0 | 100 percent |
| One BR | 183 | 44 percent |
| Two BR | 228 | 38 percent |
Rental Units Below FMR in Payson, Arizona
How many affordable rental units are in Payson?
There are a variety of federal affordable housing programs serving households in Payson, Arizona including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 261 |
| Section 8 Project-Based Rental Assistance | 29 |
| USDA Section 515 Rural Rental Housing | 194 |
Tracked Units by Federal Program in Payson, Arizona
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Payson, Arizona
Payson features 173 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Payson, Arizona
There are 113 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Payson.
Housing Choice Vouchers in Payson, Arizona
On average, Section 8 Housing Choice vouchers pay Payson landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Payson.
The maximum amount a voucher would pay on behalf of a low-income tenant in Payson, Arizona for a two-bedroom apartment is between $1,136 and $1,388.
Sourced from federal housing data and AffordableHousingOnline.com research.
