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Featured local agent — Payne, GA
Sarah Mitchell
Compass Real Estate · Payne, GA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Payne, GA Housing Market
The last median sale price Redfin published was $79,000 (through May 2026). With 2.0 months of supply and homes going under contract in about 48 days, Payne is a balanced market. At today's 6.66% 30-year fixed rate, 20% down on a $79,000 home is about $406/mo in principal and interest.
Key numbers for Payne, GA
Median sale price
$79,000
Last published period
Redfin, through May 2026
Days on market
48
Average pace
Redfin, through May 2026
Active listings
2
2.0 months of supply
Redfin, through May 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Sale-to-list ratio
92.9%
Selling below asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Payne a buyer's or seller's market?
Payne, GA is a balanced market, based on 2.0 months of supply and homes selling in about 48 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Payne housing market data show?
Every row below is Redfin's final published month for Payne, GA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $79,000 |
| Median price per sq ft | $50/sq ft |
| Median days on market | 48 days |
| Active inventory | 2 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 92.9% |
| Homes sold (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Payne is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Payne is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Payne home prices moved?
Across the 15 months we hold for Payne, GA, the median sale price rose 1336.4%, from $5,500 in July 2021 to $79,000. For prices to fall meaningfully from here, supply would have to keep building past 2.0 months while the sale-to-list ratio slips below its current 92.9%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Payne?
Priced off the median sale price of $79,000 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $15,800 | $63,200 | $406/mo |
| 5% | $3,950 | $75,050 | $482/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $406, that implies roughly $17,406 a year before you add taxes and insurance. We do not hold a Census income figure for Payne, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Payne in the next 12 months?
Tell us your timeline. We send the Payne market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Payne?
Zillow does not publish a rent index (ZORI) for Payne, GA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Payne?
Active listings in Payne, GA went from 1 in December 2021 to 2 in May 2026, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| December 2021 | 1 | not published |
| February 2022 | 1 | 1 |
| September 2023 | 1 | 1 |
| December 2023 | 1 | not published |
| June 2024 | 1 | 2 |
| August 2024 | 1 | not published |
| July 2025 | 3 | 1 |
| February 2026 | 4 | 3 |
| March 2026 | 4 | 1 |
| May 2026 | 2 | not published |
Redfin, through May 2026
How does Payne compare to Georgia and the U.S.?
Payne homes sell for $79,000 — 80% below the Georgia median of $389,000. Against the national median of $410,700, Payne runs 81% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Payne, GA | $79,000 | not published | 48 days |
| Georgia statewide | $389,000 | +1.6% | 49 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Payne
What buyers should watch
- Months of supply, currently 2.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $76 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $79,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Payne listing goes under contract in 48 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 92.9% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Payne varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Payne
There are currently 2 homes listed for sale in Payne, Georgia.
Active listings
2
Homes on market
Avg. days on market
48
Days until sale
How much do homes cost in Payne by property type?
How the Payne, GA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $79,000 | $50/sq ft | 1 | 48 days |
Which cities are near Payne, GA?
Ordered by distance from Payne, not by size. Compare Payne side by side with any of them.
Payne housing market FAQ
Is Payne a buyer's or seller's market?
Payne, GA is currently a balanced market. That read comes from 2.0 months of supply, homes going under contract in about 48 days, and sellers getting 92.9% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Payne?
The median sale price in the last month Redfin published was $79,000, about $50 per square foot.
Is Payne cheaper than the rest of Georgia?
Payne's median sale price of $79,000 is 80% lower than the Georgia statewide median of $389,000, and 81% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Payne?
Homes in Payne, GA spent a median of 48 days on market before going under contract, versus 49 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Payne?
At the current 30-year fixed rate of 6.66%, 20% down on a $79,000 home is about $406 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $17,406 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Payne?
We do not hold a complete 12-month value series for Payne, GA yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Payne?
Payne ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Payne?
That depends on your timeline, not on a headline. What the data says today: Payne, GA is a balanced market with 2.0 months of supply, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $79,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.