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Housing study: Payson needs roughly 392 new homes over five years, study finds
Summary
A December 2024 housing-demand study presented Jan. 22 projects the Town of Payson will need approximately 392 new housing units through 2029 to meet household demand, roughly 285 for purchase and 107 for rent, with growing demand at middle and higher price points.
A housing-demand study completed for the Town of Payson projects roughly 392 new housing units will be needed over the next five years to meet demand under current demographic and economic projections, a consultant told the town council on Jan. 22.
Chad (Next Move Group), the consultant who led the analysis, told the council the study breaks need into price and income bands. "Altogether, you need roughly 392 homes by 2029: about 285 for sale and 107 for rent," Chad said. The analysis estimates strong demand among middle- and upper-income households and a decline in households below $75,000 median…
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