Home Price Key
Affordable
Average
Expensive
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 $177,142, lower than the Minnesota average of $269,934.
The average cost of rent is $755/mo in Payne, primarily driven by the current value of real estate in the Payne area. While nearly 47.16% of residents own their homes outright in Payne, 6.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in Payne is $5,184 per month. Households that rent pay about 14.57% of their income on rent here. Payne's most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Canyon, MN: higher priced homes
- Prosit, MN: higher priced homes
- Alborn, MN: higher priced homes
- Cotton, MN: equally priced homes
- Meadowlands, MN: less expensive homes
- Culver, MN: higher priced homes
- Toivola, MN: less expensive homes
- Burnett, MN: higher priced homes
- Melrude, MN: less expensive homes
- Shaw, MN: higher priced homes
Cities with Similar Populations
- Shafter, TX: higher priced homes
- Locust Hill, MO: less expensive homes
- Luystown, MO: less expensive homes
- Sapelo Island, GA: higher priced homes
- Sargent, TX: equally priced homes
- Schlatitz, MO: equally priced homes
- Scottsville, KS: less expensive homes
- Sedan, NM: higher priced homes
- Selma, OH: less expensive homes
- Selvin, IN: less expensive homes
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