Expensive
Affordable
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These days, finding an affordable place to live in the Payne area can be challenging. Home prices in Payne are now at a median cost of $88,863, lower than the Arkansas average of $207,061.
The average cost of rent is $960/mo in Payne, primarily driven by the current value of real estate in the Payne area. In Payne, 9.12% of households rent, and 88.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Payne is $4,668 per month. Households that rent pay about 20.58% of their income on rent here. Payne’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sandy Bend, AR: equally priced homes
- Strong, AR: less expensive homes
- Gardner, AR: less expensive homes
- New London, AR: equally priced homes
- Old Union, AR: higher priced homes
- Ritchie, AR: higher priced homes
- Sandy Land, AR: higher priced homes
- El Dorado, AR: higher priced homes
- Moro Bay, AR: equally priced homes
- Lapile, AR: less expensive homes
Cities with Similar Populations
- Karlus, KY: higher priced homes
- Jeannette, TN: higher priced homes
- Jet, OK: equally priced homes
- Jimtown, CA: higher priced homes
- Jonathan, MS: less expensive homes
- Jones Mill, TN: higher priced homes
- Kahlotus, WA: higher priced homes
- Kalae, HI: higher priced homes
- Kanawha, WV: higher priced homes
- Jasper, OH: higher priced homes
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