Housing in Payne Springs, TX

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — November 2025

Median Sale Price

$343,500

Median List Price

N/A

Price Per Sq Ft

$299

Days on Market

168

Active Inventory

Months of Supply

8.0

Buyer's market

Zillow Home Value

$276,709

ZHVI — January 2026

Price Trends

Source: Redfin

Sale Price ↑ 71.8%List Price ↓ 19.9%Mar 24 → Nov 25

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

97.7%

Buyer's market

Sold Above Asking

0.0%

Listings with Price Drops

25.0%

Market Activity

Source: Redfin

Homes Sold

Homes Sold ↓ 33.3%New Listings ↓ 87.5%Pending ↑ 0.0%Mar 24 → Nov 25

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$299

Sale $/SF ↑ 65.2%List $/SF ↓ 16.9%Mar 24 → Nov 25

Payne Springs vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Payne Springs is highlighted.

Median Home Value

48th%ilemost expensive$170,200show rank

Median Rent

66th%ilemost expensive rent$1,125show rank

Median Price Per Sq Ft

82nd%ilemost expensive $/sqft$299show rank

Rent Burden

96th%ilehighest rent burden31.5%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$170,200

Median Rent

$1,125

Total Housing Units

410

Vacancy Rate

31.9%

Owner Occupied

74.2%

Renter Occupied

25.8%

Median Property Tax

$1,609

per year

Monthly Cost (w/ Mortgage)

$725

Housing Types

Single Family

80.7%

Multi-Family

6.8%

Mobile Home

12.4%

The current median sale price in Payne Springs, TX is $343,500 according to Redfin data. Homes spend a median of 168 days on the market. 0.0% of homes sold above asking price. The market has 8.0 months of supply. The median price per square foot is $299. The median rent is $1,125 per month (Census ACS). About 74.2% of housing units are owner-occupied. The median year homes were built is 1983. There are 410 total housing units.