Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$242,024+4.1% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 12% have cut their price
Income needed to buy, per year$52,466About 1.0× the local median income ($54,326): affordable for a typical household
Days on market68 daysSlower than a year ago: buyers have time to negotiate
The typical home in Payne County, OK is worth $242,024, up 4.1% from a year ago. That is well above what local incomes have historically supported: fair value is about $207,965, so the area is 16.4% overvalued. It is a balanced market: homes take about 68 days to sell, listings are up 37% from a year ago, 12% of listings have had a price cut. A household needs about $52,466 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $54,326. Typical rent is $1,261 a month. In the latest IRS figures, 120 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$242,024
Change in 1 year
+4.1%
Overvalued %
+16.4%
Show 6 more
Fair home value
$207,965
Change in 5 years
+25.1%
Home value to income
4.5×
Monthly mortgage payment (20% down)
$1,312
Income needed to afford it
$52,466
Property tax rate
0.85%
Rent and investing
Typical rent
$1,261
Price-to-rent ratio
16.0×
HUD Fair Market Rent, 2 bedrooms
$1,010
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Gross rental yield
6.25%
Cap rate (estimate)
4.06%
Market activity
Listings vs a year ago
+37.0%
Days on market
68
Listings with a price cut
12.2%
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Homes for sale
311
Pending sales per 100 listings
32
Asking price per sq ft
$163
People and jobs
Median household income
$54,326
Population change (1 year)
+0.2%
Unemployment rate
5.7%
Show 4 more
Population
83,889
Income adjusted for cost of living
$64,983
Net moves in (IRS)
−120
Cost of living (US = 100)
83.6
Schools, risk and environment
School rating (1 to 10)
8.0
FEMA hazard risk score (0 to 100)
83.9
Flood risk score
67.6
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Wildfire risk score
89.6
Walkability (1 to 20)
7.5
Road, rail and air noise
52 dB
Questions people ask
Is Payne County, OK overvalued?
Home prices in Payne County, OK are well above what local incomes have historically supported: fair value is about $207,965, so the area is 16.4% overvalued.
Is Payne County, OK a buyer's or seller's market?
Payne County, OK is a balanced market: homes take about 68 days to sell, listings are up 37% from a year ago, 12% of listings have had a price cut.
Are home prices going down in Payne County, OK?
Home values in Payne County, OK are up 4.1% over the last year.
How much do you need to earn to buy a home in Payne County, OK?
A household needs about $52,466 a year to afford the typical home in Payne County, OK at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $54,326.