
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 $151,535, lower than the Iowa average of $226,062.
The average cost of rent is $938/mo in Payne, primarily driven by the current value of real estate in the Payne area. In Payne, 19.14% of households rent, and 55.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Payne is $5,859 per month. Households that rent pay about 16.01% of their income on rent here. Payne’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Percival, IA: higher priced homes
- Sidney, IA: less expensive homes
- Nebraska City, NE: higher priced homes
- Hamburg, IA: less expensive homes
- Thurman, IA: higher priced homes
- Riverton, IA: less expensive homes
- Paul, NE: higher priced homes
- Wyoming, NE: higher priced homes
- Union, NE: higher priced homes
- Julian, NE: equally priced homes
Cities with Similar Populations
- Seeneytown, DE: higher priced homes
- New Haven, WY: higher priced homes
- New Markham, TN: less expensive homes
- Newburg, MN: higher priced homes
- Saulsburg, PA: higher priced homes
- Scenic, SD: higher priced homes
- Schley, MN: higher priced homes
- Schofield, SC: less expensive homes
- Scipioville, NY: higher priced homes
- Scott, MS: less expensive homes
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