Payne County, Oklahoma Housing Market Prices
Payne County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 64% below the Oklahoma median Cheaper than 87% of counties in Oklahoma$48,174
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Median rent 10% below the Oklahoma median More expensive than 83% of counties in Oklahoma$917
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Payne County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $48,174 | $133,462 | $248,835 |
| Price Trend (Annual %) | -12.9% | 5.4% | 7.5% |
| Median Gross Rent | $917 | $1,014 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Payne County is about 64% lower than in Oklahoma. Rent is about 10% lower than the Oklahoma average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Payne County: home prices fell about 12.9% a year while rent rose about 2.7% a year. That is an unusual pattern worth watching.
Median rent in Payne County rose about 25.0% between 2015 and 2024, from $734 to $917. Over the same span, rent in Oklahoma rose about 39.6%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Payne County.
Buying the median-priced home in Payne County costs roughly 4.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Payne County. The price-to-rent ratio in Oklahoma is about 11.0.
| Metric | Payne County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Home Price | $48,174 | $133,462 | $248,835 |
| Median Household Income | $49,857 | $65,606 | $80,455 |
| Price-to-Income Ratio | 1.0 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Payne County fell about 69.3%, while median household income rose about 39.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Payne County | Oklahoma Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.9% | 57.9% | 58.5% |
| Rental Rate | 43.1% | 30.1% | 31.2% |
| Vacancy Rate | 12.0% | 12.0% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Payne County has a homeownership rate of 44.9%, lower than the Oklahoma average of 57.9%. Its housing vacancy rate is 12.0%, compared with 12.0% in Oklahoma.
Housing Stock
| Metric | Payne County | Oklahoma Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1985 | 1981 | 1978 |
| Median Number of Rooms | 5.1 | 5.5 | 5.5 |
The typical housing unit in Payne County was built around 1985. On average, 2.3 people live in a home with about 5.1 rooms, staying for about 12.0 years on average.
Payne County, OK Housing Compared With Nearby Counties
Payne County, OK is the largest of the 5 counties compared here, 82,970 residents against a local median of 33,866. Where Payne County, OK breaks from the counties next to it is homeownership, sitting 35% below the local median of 78.6% at 51.0%. That is the weaker end of the local range on this measure.
The counties themselves sit within 10.8% of each other on homeownership, a tighter band than the gap between any of them and Payne County, OK, which makes it a genuine outlier here rather than one end of a wide local spread. Payne County, OK has the 5th highest homeownership of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Payne County, OK | 82,970 | $48,174 #2/5 | $917 #2/5 | 51.0% #5/5 |
| Pawnee County, OK | 15,795 | $36,561 | $863 | 79.5% |
| Noble County, OK | 10,897 | $28,711 | $826 | 77.7% |
| Logan County, OK | 51,938 | $48,095 | $890 | 85.2% |
| Creek County, OK | 72,818 | $181,373 | $936 | 74.4% |
Frequently Asked Questions
Common questions about the housing market in Payne County, Oklahoma.
What is the median home price in Payne County, Oklahoma?
The median home price in Payne County, Oklahoma is $48,174, lower than the Oklahoma average of $133,462.
What is the average home price in Payne County, Oklahoma?
The typical home price in Payne County, Oklahoma, reported as the median sale price, is $48,174. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Payne County, Oklahoma?
The median gross rent in Payne County, Oklahoma is $917 per month, lower than the Oklahoma average of $1,014.
What was the median gross rent in Payne County in 2020?
In 2020, the median gross rent in Payne County, Oklahoma was $811 per month.
What is the price-to-rent ratio in Payne County, Oklahoma?
The price-to-rent ratio in Payne County, Oklahoma is about 4.4, meaning it would take roughly 4.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Payne County.
Are home prices or rent rising faster in Payne County, Oklahoma?
Home prices and rent are moving in opposite directions in Payne County: home prices fell about 12.9% a year while rent rose about 2.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Payne County, Oklahoma?
44.9% of households in Payne County, Oklahoma own their home, lower than the Oklahoma average of 57.9%.
What is the vacancy rate in Payne County, Oklahoma?
The housing vacancy rate in Payne County, Oklahoma is 12.0%, about the same as the Oklahoma average.
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