How Much Income Do You Need to Buy a New Townhome in Payson?
As of September 2026, the least expensive new townhomes in Payson start around $339,900 – that is roughly the bottom 10% of new-construction listings – and the median is near $378,400. At the entry price, the full monthly payment (principal and interest, FHA mortgage insurance, Payson’s property tax at about 0.48% of value, homeowners insurance around $75, and a townhome HOA (about $120)) runs about $2,051 a month, which takes a household income of roughly $43,000 to $57,000 a year. Around the median price the payment is about $2,261 a month, which needs roughly $48,000 to $63,000 a year. Income figures are a range: the lower end assumes a lender uses FHA’s automated-underwriting ceiling near a 57% debt-to-income ratio (which needs strong credit and reserves), the upper end the standard 43% FHA guideline that most files are written to. Both assume no car payment, student loan, or other monthly debt – any of those pushes the number up. This assumes an FHA loan at 3.5% down and a builder incentive rate near 3.875% on a 7/6 ARM, which Utah lenders qualify you at. Prices and the local property-tax rate are as of September 2026 and move over time; above the roughly $720,000 FHA loan limit for the Salt Lake and Utah County area a buyer shifts to a conventional loan at about 5% down, which changes the math.
Related: How Much Income Do You Need to Buy New Construction in Utah County? · How Do Utah Property Taxes Work on a Newly Built Home? · Moving to Utah