Commercial Real Estate Market in Payson, AZ
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
199 active listings and 558 off-market properties in Payson, AZ. Commercial property asks $57/SF to buy and $14.00/SF/Yr to lease.
Market Trends
Payson, AZ spans 808.5 square miles in Gila County, Arizona. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Payson, AZ runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Payson, AZ runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Payson, AZ runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Payson, AZ runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 76.7%
- Commercial 11.6%
- Open space 6.8%
- Industrial 2.5%
Largest Zones share of zoned land by district
Single Family Residence Minimum Lot Size 175000 Square Feet
Single Family Residence Minimum Lot Size 12000 Square Feet And Planned Area Development
National Forest
Single Family Residence Minimum Lot Size 6000 Square Feet And Manufactured Housing Allowed
Single Family Residence Minimum Lot Size 10000 Square Feet And Manufactured Housing Allowed
Payson, AZ zones 12,846 acres across 37 districts. Commercial zoning covers 11.6% of zoned land, residential 76.7%, open space 6.8% and industrial 2.5%. The largest single district is Single Family Residence Minimum Lot Size 175000 Square Feet at 33.4%. For commercial buyers the practical constraint is that only 14.1% of land carries a commercial or industrial designation.
Single Family Residence Minimum Lot Size 12000 Square Feet And Planned Area Development (R1-12-PAD)
The purpose of R1 is to promote the development of areas primarily devoted to single family dwelling units, intending that all other uses be installed, operated and maintained in a manner so as to be accessory and to compliment, or at least be of a minimum disruption to such single family uses, also to preserve existing natural vegetation and open areas. The…
Market overview
Demographics & Economy
Payson, AZ has 22,974 residents in 15,908 households. Density runs 28 people per square mile. Median household income here is $63,857 and median gross rent $1,290 a month.
22,974
Population
15,908
Households
1.4
Avg Household Size
58
Median Age
24%
College-Educated
93%
High-School Grad
808.5 sq mi
ZIP Area
28
Density / Sq Mi
$63,857
Median Household Income
$36,590
Median Earnings
$1,290
Median Rent
$317,700
Median Home Value
Tools
Frequently Asked Questions
What is the average price per square foot for commercial property in Payson?
Commercial property in Payson, AZ asks an average of $57 per square foot. The 7 most recent recorded sales traded at a median of $241/SF.
How much does it cost to lease commercial space in Payson?
Asking lease rates in Payson, AZ average $14.00 per square foot per year.
What zoning applies to commercial property in Payson?
Payson, AZ zones 12,846 acres across 37 districts, of which 11.6% is commercial and 2.5% industrial. The largest single district is Single Family Residence Minimum Lot Size 175000 Square Feet at 33.4% of zoned land. Residential zoning covers 76.7% and open space 6.8%.
Where does Realmo's Payson market data come from?
Realmo compiles Payson, AZ figures from 8 recent recorded sales, 192 active sale listings, 7 active lease listings, 558 tracked off-market properties, the current Payson zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 192 active for-sale and 7 active for-lease listings in Payson, AZ. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 12,846 zoned acres across 37 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
