Payne County, Oklahoma Housing Market
In Payne County, Oklahoma, the median home value is $223,300, with a median monthly rent of $917. This places Payne County at #1146 nationally out of 3134 counties by median home value, and #8 within Oklahoma.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $871
- Establishments: 2,202
- BLS QCEW, 2025
Housing Supply
- Single-family: 137
- Multi-family: 80
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 26,451 (avg $73,846)
- Outflow: 24,502 (avg $75,375)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Payne County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 74074 | 248.1 | +6.55% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Payne County Compares
| Metric | Payne County | Oklahoma Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $223,300 | $152,012 | $227,706 |
| Median Gross Rent | $917 | $839 | $968 |
| Owner Occupancy Rate | 51.0% | 72.3% | 73.3% |
| Price/Rent Ratio | 20.3 | 14.9 | 18.7 |
Market Analysis
The median home value in Payne County is 46.9% above the Oklahoma state average and 1.9% below the U.S. national average. The median rent of $917/month is 9.3% above the state average.
With a price-to-rent ratio of 20.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Payne County has an owner-occupancy rate of 51.0%, compared to 72.3% in Oklahoma and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Osage County | Missouri | $223,300 | $639 |
| Putnam County | West Virginia | $223,300 | $952 |
| Kearney County | Nebraska | $223,400 | $857 |
| Lorain County | Ohio | $223,200 | $966 |
| Orleans County | Vermont | $223,400 | $892 |
Other Counties in Oklahoma
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Oklahoma County | $222,900 | $1,116 | 58.2% |
| Tulsa County | $230,400 | $1,110 | 59.7% |
| Kingfisher County | $215,800 | $891 | 74.5% |
| Wagoner County | $234,800 | $1,068 | 81.3% |
| Cleveland County | $235,700 | $1,167 | 63.9% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).