Payson, Arizona Short-Term Rental Market Analysis

The short-term rental (STR) market in Payson, Arizona, is thriving, with a total of 422 active rentals, an average daily rate (ADR) of $214.4, and an occupancy rate of 33%. Notably, the average monthly revenue per property stands at an impressive $2,001, making it a lucrative opportunity for investors and property managers. This analysis delves into the current landscape and potential of the STR market in Payson, offering insights critical for decision-making.

Payson, Arizona Short-Term Rental Market Overview

Population: 16,731
Annual Visitors: 100,000
Total STRs: 435
ADR: $210.05

Visitor Profile

Payson, Arizona, attracts approximately 1.5 million visitors annually, drawn by its stunning natural landscapes and outdoor recreational activities. The primary demographics of these visitors include families, outdoor enthusiasts, and retirees, with a notable percentage aged between 35 and 65. Many travelers come for activities such as hiking, fishing, and camping, while others seek a peaceful retreat from urban life. The economic impact of tourism in Payson is significant, contributing millions to the local economy and supporting numerous jobs in hospitality and service sectors. According to the tourism bureau (https://www.visitarizona.com/places/cities/payson), this influx of visitors is vital for sustaining local businesses and enhancing community development.

The visitor statistics indicate that the majority of tourists are from nearby states, particularly California and Arizona, with a growing interest from international travelers. The average length of stay is around three to four days, with peak seasons occurring in the summer and fall, when the weather is most favorable for outdoor activities. Visitors often choose Payson for its proximity to the Mogollon Rim and the Tonto National Forest, which offer a plethora of recreational opportunities. Additionally, the STR (short-term rental) market has seen growth, catering to the increasing demand for unique lodging experiences. With the rise of platforms like Airbnb, property owners are capitalizing on this trend, providing accommodations that enhance the visitor experience. The visitor demographics and tourism statistics underscore the importance of Payson as a destination for both adventure and relaxation, making it a key player in Arizona’s tourism landscape. For more information, visit the official tourism site (https://www.visitarizona.com/places/cities/payson).

Top Attractions

Nestled in the heart of Arizona, Payson is a charming town that offers a delightful mix of outdoor adventures, cultural experiences, and family-friendly activities. Known for its stunning natural beauty, Payson is surrounded by the majestic Mogollon Rim and Tonto National Forest, making it a haven for nature lovers. Visitors can explore the breathtaking landscapes while enjoying attractions like the Payson Historic Museum, which showcases the rich history of the area, and the nearby Green Valley Park, perfect for picnics and leisurely strolls. With a variety of experiences to choose from, Payson is an ideal destination for those seeking both relaxation and adventure.

One of the top attractions in Payson is the Payson Historic Museum, where visitors can delve into the town’s past through engaging exhibits and artifacts. This museum offers a glimpse into the lives of early settlers and the development of the region. For outdoor enthusiasts, the Tonto National Forest is a must-visit, providing endless opportunities for hiking, camping, and wildlife viewing. The forest’s diverse ecosystems and scenic trails cater to all skill levels. Families will enjoy Green Valley Park, featuring playgrounds, fishing spots, and picnic areas, making it an excellent place for a day out. Additionally, the official visitor guide (https://www.visitarizona.com/places/cities/payson) provides detailed information on these attractions and more, ensuring you make the most of your trip. With so many Payson attractions to explore, you’ll find something for everyone in this picturesque Arizona town.

Regulations

Payson, Arizona, has specific regulations governing short-term rentals that property owners must understand to operate legally. As a popular destination for outdoor enthusiasts, the demand for short-term accommodations has surged, prompting local authorities to implement guidelines. Property owners must obtain a special use permit to operate a short-term rental, ensuring compliance with zoning laws. Additionally, short-term rentals are subject to a transaction privilege tax, which is currently set at 3.5%. Owners must also adhere to safety requirements, including smoke detectors and carbon monoxide alarms. Understanding these regulations is crucial for anyone looking to rent out their property in Payson.

To legally operate a short-term rental in Payson, property owners must first secure a special use permit through the Gila County Community Development Department. This process includes submitting an application and paying any associated fees. Owners are also responsible for collecting and remitting the transaction privilege tax, which is due monthly. Zoning restrictions may limit where short-term rentals can be located, so it’s essential to verify that your property is in an eligible zone. Safety requirements include ensuring that the property meets health and safety codes, which may involve inspections. Failure to comply with these regulations can result in penalties, including fines or revocation of the rental permit. For more detailed information on short-term rental regulations in Payson, visit the Gila County Community Development page at https://www.gilacountyaz.gov/government/community_development/vacation_rental_and_short-term_rentals.php and the Arizona Department of Revenue’s Payson profile at https://azdor.gov/model-city-tax-code/city-profile/payson.

Vacation Rental Market Overview for Payson

Payson attracts visitors with its outdoor recreation and natural beauty and family-friendly attractions. The short-term rental market here serves diverse traveler demographics, from business professionals to family vacationers.

This destination’s rental market offers unique opportunities for property investors, with comprehensive data revealing seasonal patterns and demand drivers.

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Payson, Arizona Market Performance Trends

LTM Avg. Daily Rate$211.00
LTM Occupancy Rate45.2%
LTM Avg. Revenue$2,526

Short-Term Rental Market Performance Analysis for Payson

The short-term rental market in Payson demonstrates dynamic pricing patterns and occupancy trends that savvy property investors and managers monitor closely. This comprehensive 12-month analysis reveals seasonal variations and revenue optimization opportunities.

Market Trend Summary

Current market indicators show: emerging growth market with increasing demand

Market data updated daily. Professional-grade analytics trusted by thousands of property managers and real estate investors.

Payson, Arizona Rental Market Insights

10-Year Market Growth

Booking Activity

  • 1-3 Months:70.3% Booked
  • 4-6 Months:63.5% Booked
  • 7-9 Months:49.7% Booked
  • 10-12 Months:7.8% Booked

Cancellation Policies

  • Flexible:0%
  • Moderate:0%
  • Strict:0%
  • Super Strict:0%

Minimum Stay

  • 1 Day:0
  • 2 Days:0
  • 3 Days:0
  • 4-6 Days:0
  • 7-29 Days:0
  • 30+ Days:0

Short-Term Rental Regulations and Booking Patterns in Payson

Payson vacation rental operators navigate specific local regulations and booking patterns that shape market dynamics. Understanding minimum stay requirements, cancellation policies, and booking windows is essential for successful property management.

Market analysis reveals seasonal policy variations maximizing revenue. These insights help property managers optimize their listing strategies and maximize occupancy.

Local regulations and platform policies influence rental operations. StaySTRA provides comprehensive policy tracking and compliance insights.

Payson, Arizona Housing Market Data

Home Value Trends

Market Overview

  • Typical Home Value:$455,990
  • Median Sale Price:$459,500
  • Median List Price:$511,600

Current Inventory

  • Homes For Sale:327
  • New Listings:55

Detailed Market Analysis

The average home value in Payson, AZ is $455,990, down 1.2% over the past year. Learn more about the Payson housing market and real estate trends.

Real Estate Market Analysis for Payson, Arizona

The residential real estate market in Payson, Arizona presents unique opportunities for investors and homebuyers alike. Current market dynamics show steady growth patterns in an established market with inventory levels and pricing trends that reflect broader economic conditions and local demand factors.

Key Market Factors

Important considerations for this market include: market stability, reasonable property taxes, and strong rental demand These factors contribute to the overall market performance and future growth potential.

Real estate investments in Payson, Arizona benefit from consistent market appreciation and strong resale values. Prospective buyers and investors should consider both current market conditions and long-term growth indicators when evaluating opportunities in this market.

Payson, Arizona Rental Market Composition

Entire Place by Beds

Common Rental Amenities

Amenity data is not available for this location.

Guest Rating Highlights

    Vacation Rental Property Types in Payson

    The vacation rental market in Payson features a diverse mix of property types, from cozy studios to spacious family homes. Understanding the property composition helps investors identify market gaps and opportunities.

    Market characteristics include diverse property sizes from studios to large homes. This distribution reflects local demand patterns and traveler preferences.

    Premium amenities and guest ratings play a crucial role in rental performance, with data showing clear correlations between specific features and booking rates.

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    Explore 65 vacation rental markets within Arizona. Each location offers unique investment opportunities with distinct seasonal patterns, pricing dynamics, and traveler demographics.

    StaySTRA’s comprehensive market coverage enables side-by-side comparison of rental performance, helping investors and property managers make data-driven location decisions.

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    Explore 65 vacation rental markets within Arizona. Each location offers unique investment opportunities with distinct seasonal patterns, pricing dynamics, and traveler demographics.

    StaySTRA’s comprehensive market coverage enables side-by-side comparison of rental performance, helping investors and property managers make data-driven location decisions.

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