74023 — Payne County, Oklahoma Market Snapshot
Housing market data for zip code 74023 in Payne County, Oklahoma. Updated monthly with median prices, days on market, and more.
Market Sales Data
37 sales in 2026 (year to date)
Median Sale Price
$175,000
Days to Sell
96
Homes Sold
37
Inventory
37
Sale-to-List
94.4%
New Listings
40
Price/SqFt
$124
Pending Sales
32
Conforming Loan Available
Most homebuyers in 74023 can comfortably use conventional financing. The median home price of $175,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 96 days on average, 74023 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 74023 sells for 5.6% below asking price (94.4% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 74023 can comfortably use conventional financing. The median home price of $175,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 74023 are set at the county level.
2026 Loan Limits — Payne County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 74023
To purchase the median home at $175,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,491.
Monthly Payment
$1,491
Income Required
$63,891
Principal & Interest
$1,078/mo
Down Payment (5%)
$8,750
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 74023.
Estimated Monthly Payment
$1,233
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