After ending her initial run on Trading Spaces, Davis went on to play the role of Roxie Hart in the musical Chicago on Broadway, and to write the book Paige by Paige, chronicling her television experiences. By 2007, Davis had created a cabaret act, touring the country in a one-woman show described as "chronicl[ing] how the choices Davis has made have informed her life's loves"; In mid-2007 she took over the title role in the national touring production of the Broadway revival Sweet Charity, replacing Molly Ringwald through the end of the show's scheduled run on August 12, 2007. Davis continued to make television appearances after leaving her hosting duties. In 2004, she was a guest judge on the Food Network's Iron Chef America in "Battle Egg." She also was a contestant on the summer 2006 CBS television series Gameshow Marathon, in which celebrities participated in recreations of classic game shows with their winnings going to charity.
Appearing on Ellen DeGeneres' show on January 24, 2008, Davis shared with the audience her excitement about returning to Trading Spaces. She praised the new TLC executive team and its intention to keep "TS" fresh, while at the same time maintaining the original mission of the popular show, which has been the inspiration for so many others. Davis is currently spokesperson for RC Willey Home Furnishings, a subsidiary of Berkshire-Hathaway, with locations in Utah, Idaho, Nevada, and California.
In September 2008, Eastman Kodak Company formed a U.S. partnership with Trading Spaces and with Davis to encourage people to explore their creativity with their photos. Davis will act as Kodak’s celebrity spokesperson with the media through March 2009, sharing Kodak-inspired projects and ideas in the weekly design show, 30-second TV spots, on-line tips, videos, and a custom-published magazine. Paige is currently starring in the Broadway play, Boeing-Boeing opposite Christine Baranski, Mark Rylance, Greg Germann, Missi Pyle and Rebecca Gayheart.