Real Estate Investing in Payne County, Oklahoma

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

7 ZIP codes • Population: 81,414

Should you buy in Payne County, OK? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (64/100)

Mixed signals β€” some positives, some negatives. Worth considering but not a slam-dunk.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 13.1% of homes vacant β€” above national norms.

What’s happening in Payne County, OK?

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3.0/ 5

Investability

County-wide average

3.0/ 5

Appreciation

5.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $212,395
Avg Monthly Rent $1,101
ZIP Codes 7

Investing in Payne County Real Estate

Payne County (OK) covers 7 ZIPs and 6 municipalities. plainly the fundamentals here skew distressed, and both rent and price trends have been modest across most of the geography.

Investors considering Payne, Oklahoma should understand what the β˜…β˜…β˜…β˜†β˜† rating represents β€” a region with material challenges, not a temporary rough patch.

The 0% renter share in Payne masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Payne County, OK. Anonymous, moderated, never written by AI.

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Property managers serving Payne County

Manage rentals here? List your business →

C-Star Management is a leader in property management, offering services for apartments, houses, and duplexes. summary from their website

Small multifamilySingle-family
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Harmon Property Management is a local, family-owned and operated residential property management company serving Wichita, Kansas, and the surrounding area since 2008. summary from their website

Single-family
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Cowboy Property Management offers property management services in Stillwater, OK, with new properties available and a caring management team. summary from their website

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Listings are shown for convenience β€” Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$212,395
Avg Monthly Rent
$1,101
1% Rule
βœ— Below
Landlord Friendly (OK)
β˜…β˜…β˜…β˜…β˜…

πŸ“‰ Market Crash Risk Index

Based on Stillwater, OK metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
59%
Days Pending
0/2
0 days

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Payne County

3 Colleges 26,958 Students 2,823 Off-Campus Renters
B
Oklahoma State University-Main Campus
4-Year Public Β· 26,043 students
πŸ“ ~1,927 students rent off-campus
C+
Meridian Technology Center
2-Year Public Β· 896 students
πŸ“ ~896 students rent off-campus
C
Hello Gorgeous Barbers Stillwater's School of Barbering
Vocational For-Profit Β· 19 students

Investor Insight: With 2,823 students living off-campus, Payne County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Payne County

ZIP Codes in Payne County, OK

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Frequently Asked Questions About Payne County

Is, OK a good place for real estate investing?

The 3.0/5 investability rating in, OK reflects its $212K prices and $1,101/mo rents. Investors generally consider it a solid option within OK.

Is OK a landlord-friendly state?

OK ranks as a tenant-protective state for landlord-tenant law. generally follows the statewide framework, so landlords face reasonable operating rules.

How high is vacancy risk in, OK?

Vacancy in, OK is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,101/mo.

Is, OK above average for OK?

Against the OK average, is broadly in line with. The divergence is driven by local fundamentals rather than statewide trends.

Community Ratings

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