Payne County, Oklahoma home prices
Typical home $242,024 · +4.1% in a year · property tax 0.85%
The typical home in Payne County is worth $242,024, 10% more than the Oklahoma typical home ($220,801). Values changed +4.1% in the past year and +25.1% over five years. Homeowners here pay a median 0.85% of their home's value in property tax each year ($2,063 on the typical home), versus 0.76% statewide.
Mortgage on the typical Payne County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $48,405 | $193,619 | $1,302 | $0 | $293 | $1,595 | $68,400 |
| 10% down | $24,202 | $217,822 | $1,465 | $91 | $293 | $1,849 | $79,200 |
| 5% down | $12,101 | $229,923 | $1,547 | $96 | $293 | $1,935 | $82,900 |
| 3.5% down (FHA) | $8,471 | $237,641 | $1,599 | $107 | $293 | $1,999 | $85,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.85% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Oklahoma · part of the Stillwater metro area.
Oklahoma counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Grady County | $244,386 | +4.5% | 0.68% |
| Tulsa County | $250,892 | +2.8% | 0.97% |
| Cleveland County | $251,085 | +0.6% | 1% |
| Kingfisher County | $230,055 | +1.0% | 0.58% |
| Bryan County | $228,588 | -0.7% | 0.64% |
| Oklahoma County | $221,970 | +0.5% | 0.97% |
| Mayes County | $219,127 | +4.4% | 0.65% |
| Creek County | $218,789 | +5.0% | 0.71% |
| Osage County | $217,182 | +5.8% | 0.69% |
| Cherokee County | $214,211 | +8.4% | 0.54% |
Frequently asked questions
What is the average home price in Payne County, OK?
The typical home value in Payne County is $242,024 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Payne County?
About $68,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Payne County?
The median effective rate is 0.85% of home value a year (Census ACS 2024 5-year estimates).