Payne, OH is a great place for anyone looking to invest in housing. The median value of houses in Payne is currently $131, 500, which is significantly lower than the US median house value of $338, 100. This gives potential buyers an excellent opportunity to purchase a home at a discounted price. Additionally, the appreciation rate of homes in Payne over the last year was 8.69%, slightly higher than the national average of 8.27%. This suggests that investing in a home in Payne will likely yield a larger return on investment than investing in housing nationwide.
The median home cost in Payne is $131,500. Home appreciation the last 10 years has been 64.5%. Home Appreciation in Payne is up 11.9%.
Average Age of Homes
- The median age of Payne real estate is 51 years old
The Rental Market in Payne
- Renters make up 33.1% of the Payne population
- 2.9% of houses and apartments in Payne, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.