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Payson, IL Home Values and Rents
The typical home value in Payson is $166,957, 476th highest of 696 cities and towns in Illinois. Median rent is $768 a month.
- Typical home value
- $166,957
- 476th of 696 in IL
- Median rent
- $768/mo
- ACS 2020-2024
- Price change, 1 year
- +2.2%
- Sep 2026
- Homeownership
- 83.0%
- IL: 67.1%
Typical home value in Payson
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Payson |
|---|---|
| Sep 2026 | $166,957 |
| Dec 2025 | $166,084 |
| Dec 2024 | $180,911 |
| Dec 2023 | $191,983 |
| Dec 2022 | $175,299 |
| Dec 2021 | $168,182 |
| Dec 2020 | $159,511 |
| Dec 2019 | $149,490 |
| Dec 2018 | $131,499 |
| Dec 2017 | $137,190 |
| Dec 2016 | $134,813 |
| Dec 2015 | $119,760 |
| Dec 2014 | $119,345 |
Over five years, Payson prices changed +2.3%.
Source: Zillow Research · Last updated 09/01/2026
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Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 62360 | $147,500 | $768 | - | +35.2% |
Fair Market Rents, FY2027
HUD rent standard for Adams County, IL
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $705 | -4.0% |
| 1 bedroom | $774 | -4.6% |
| 2 bedrooms | $1,013 | -4.8% |
| 3 bedrooms | $1,246 | -6.1% |
| 4 bedrooms | $1,476 | -1.6% |
Frequently asked questions
- What is the typical home value in Payson, IL?
- The typical home value in Payson is $166,957 (Zillow Home Value Index, Sep 2026). The Illinois median is $263,300.
- How much is rent in Payson?
- The median rent in Payson is $768 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,013.
- Are home prices going up in Payson?
- The typical home value in Payson changed +2.2% over one year and +2.3% over five years, as of Sep 2026.
- How does Payson compare with the rest of Illinois?
- Payson has the 476th highest median home value of 696 cities and towns with 1,000+ residents in Illinois.
- Which ZIP code in Payson has the highest home values?
- ZIP code 62360 has the highest median home value at $147,500.