Market Overview
Home Prices in Payne Springs, TX
The median home value in Payne Springs, TX is $290,491 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.7% compared to a year ago and down 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Payne Springs are priced29% below average. Payne Springs is part of the Athens, TX metro area.
Over the past five years, Payne Springs home values have risen by approximately7.5%, reflecting steady appreciation in this market.
Price History
Payne Springs Home Price Trend
City Comparison
Payne Springs vs. National Median
At $290,491, homes in Payne Springs cost 29% below the national median of $410,000. This makes Payne Springs a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Payne Springs?
20% Down Payment
$58,098
on $290,491
Monthly P&I
$1,515/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,924/mo
incl. taxes & insurance
Income Needed
$76,960
gross annual (30% rule)
10% Down Option
$29,049
+ PMI applies
Loan Amount (20% dn)
$232,393
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 Springs, TX?
The median home value in Payne Springs is $290,491 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.7% year-over-year.
How much have home prices changed in Payne Springs?
Over the past year, home values in Payne Springs have decreased by 0.7%. Over five years, prices have risen approximately 7.5%.
How much do I need to earn to buy a home in Payne Springs?
To comfortably afford the median home price of $290,491 with a 20% down payment ($58,098) at today's rates (6.8%), you'd need a gross annual income of approximately $76,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Payne Springs compare to the national average home price?
The national median home value is approximately $410,000. At $290,491, homes in Payne Springs are 29% below the national average.
What metro area is Payne Springs part of?
Payne Springs is part of the Athens, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.