Commercial Real Estate Market in Payne, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
1 active listing and 156 off-market properties in Payne, OH.
Market Trends
Payne, OH spans 57.8 square miles in Paulding County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Payne, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Payne, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Payne, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Payne, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 77.8%
- Agricultural 8.6%
- Industrial 6.9%
- Commercial 6.7%
Largest Zones share of zoned land by district
Single Family Residential
Single Family Residential Restrictive
Agriculture
Industrial
Business
Payne, OH zones 402 acres across 7 districts. Commercial zoning covers 6.7% of zoned land, residential 77.8% and industrial 6.9%. The largest single district is Single Family Residential at 51.7%. For commercial buyers the practical constraint is that only 13.6% of land carries a commercial or industrial designation.
Single Family Residential (R-1)
It is intended to preserve, protect and enhance the qualities, integrity and desirability of homogeneous single family dwelling units.
Market overview
Demographics & Economy
Payne, OH has 2,390 residents in 941 households. Density runs 41 people per square mile. Median household income here is $71,875 and median gross rent $782 a month.
2,390
Population
941
Households
2.5
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
57.8 sq mi
ZIP Area
41
Density / Sq Mi
$71,875
Median Household Income
$46,380
Median Earnings
$782
Median Rent
$123,400
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Payne?
Payne, OH zones 402 acres across 7 districts, of which 6.7% is commercial and 6.9% industrial. The largest single district is Single Family Residential at 51.7% of zoned land. It is intended to preserve, protect and enhance the qualities, integrity and desirability of homogeneous single family dwelling units. Residential zoning covers 77.8% and open space 0%.
Where does Realmo's Payne market data come from?
Realmo compiles Payne, OH figures from 4 recent recorded sales, 1 active sale listings, 156 tracked off-market properties, the current Payne zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 0 active for-lease listings in Payne, OH. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 402 zoned acres across 7 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
