Market Overview
Home Prices in Payne, OH
The median home value in Payne, OH is $174,655 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.2% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Payne are priced57% below average.
Over the past five years, Payne home values have risen by approximately31.5%, reflecting strong long-term appreciation in this market.
Price History
Payne Home Price Trend
2020
$112,920
$113K
—
2021
$132,786
$133K
+17.6%
2022
$148,333
$148K
+11.7%
2023
$151,445
$151K
+2.1%
2024
$157,342
$157K
+3.9%
2025
$162,903
$163K
+3.5%
2026
$174,655
$175K
+7.2%
City Comparison
Payne vs. National Median
🏠 Payne
$174,655
National Median
$410,000
At $174,655, homes in Payne cost 57% below the national median of $410,000. This makes Payne a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Payne?
20% Down Payment
$34,931
on $174,655
Monthly P&I
$911/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,157/mo
incl. taxes & insurance
Income Needed
$46,280
gross annual (30% rule)
10% Down Option
$17,466
+ PMI applies
Loan Amount (20% dn)
$139,724
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Payne, OH?
The median home value in Payne is $174,655 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.2% year-over-year.
How much have home prices changed in Payne?
Over the past year, home values in Payne have increased by 7.2%. Over five years, prices have risen approximately 31.5%.
How much do I need to earn to buy a home in Payne?
To comfortably afford the median home price of $174,655 with a 20% down payment ($34,931) at today's rates (6.8%), you'd need a gross annual income of approximately $46,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Payne compare to the national average home price?
The national median home value is approximately $410,000. At $174,655, homes in Payne are 57% below the national average.