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City · 8,367 residents · Payne County, Oklahoma

Cushing , Oklahoma

In Cushing, a typical home is worth $114,500 and typical rent is $798 a month. Compared with all of Payne County, the typical home value is 49% lower and typical rent is 13% lower.

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  • Typical home value

    $114,500

    49% below the county

    43% below Oklahoma

    • Cushing
    • Payne
    • Oklahoma

  • Typical rent

    $798a month

    13% below the county

    21% below Oklahoma

    • Cushing
    • Payne
    • Oklahoma

  • Typical household income

    $44,136a year

    11% below the county

    32% below Oklahoma

    • Cushing
    • Payne
    • Oklahoma

  • Households that own their home

    55%

    4 points above the county

    11 points below Oklahoma

    • Cushing
    • Payne
    • Oklahoma

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$141,788
0.7% less than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Cushing is in Payne County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Payne County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Cushing apart

What this place has that others do not, from public data, most unusual first.

  1. The typical home in Cushing is worth $114,500, 49% less than in Payne County as a whole ($223,300).

  2. According to Zillow, in the 12 months to September 2026 the typical home value in Cushing fell 0.7%; in Oklahoma, it rose 2.6%.

  3. Cushing has the 7th lowest typical rent of the 75 cities in Oklahoma with more than 5,000 people ($798).

  4. Cushing has the 7th lowest typical household income of the 75 cities in Oklahoma with more than 5,000 people ($44,136).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Cushing

What homes there are in Cushing, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Cushing: 84% of homes, more than in Payne County (62%).

Year built

Homes in Cushing are older: the typical year built is 1958; in Payne County, 1984.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for Payne County is $1,010; about 83% of rents in Cushing are below it.

With a mortgage

$1,183 a month

Payne County: $1,706 a month

Without a mortgage

$416 a month

Payne County: $556 a month

Owners with a mortgage

37%

Payne County: 56%

In Cushing, 37% of owners have a mortgage, and their typical cost is $1,183 a month, against $1,706 in Payne County. Without one it drops to $416.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Cushing rose 34% since 2015–2019, less than in Payne County (38%).

Since 2015–2019, the typical rent in Cushing rose 18%, more than in Payne County (12%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCushingPayne CountyOklahomaUnited States
Rental vacancy 5.4%8.3%6.5%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate1.2%0.9%
More than one person per room Unreliable estimate2.9%2.9%3.4%
People per household 2.452.252.502.53
Drive alone 73%72%77%69%
Carpool 19%10%10%9%
Public transit Unreliable estimateUnreliable estimate0%3%
Walk or bike Unreliable estimate7%2%3%
Work from home 4%9%9%15%
Other means Unreliable estimate2%1%2%
Typical commute Unreliable estimate10 to 19 minutesUnreliable estimate20 to 29 minutes

In Cushing, the rental vacancy rate is 5.4%; in Payne County, 8.3%.

On average, a household in Cushing has 2.45 people, more than in Payne County (2.25).

In Cushing, 19% of workers share a car to get to work; in Payne County, 10%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Cushing?

A typical home is within reach of the typical income

We start with a typical home in Cushing, worth $114,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 25% of the typical household income in Cushing, which is $44,136 a year.

The calculator's FHA and conventional loan limits are those of all of Payne County.

Your numbers

Local data
$

Starts at the typical home value in Cushing. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,008 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$923

at 7.18% · 30 years

Loan amount
$112,426
Total interest
$161,754
Paid off in
November 2056

Includes $1,934 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,030 a month

    Your payment · 25%

  • Tight

    $1,030 to $1,324 a month

  • Hard

    more than $1,324 a month

Compared with the typical household income in Cushing ($44,136 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$923
Principal & interest$762
Property tax$63
Home insurance$48
FHA mortgage insurance (MIP)$51

You need at least $4,008 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Cushing and Payne County

Cushing is in Payne County, Oklahoma. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Cushing's own numbers

Typical home value
$114,500
Typical monthly rent
$798
Typical yearly household income
$44,136
Households that own their home
55%
Effective property tax rate
0.66%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Payne County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,010
Price change over 5 years (FHFA)
+47%
Homes in a high flood-risk zone
1.8%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Payne County.

Everything about Payne County

Buying

Buying a home in Cushing

A typical home in Cushing is worth $114,500: 49% below the county and 43% below Oklahoma. With the typical household income in Cushing ($44,136 a year), a typical home costs 2.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Cushing 2.6 years
  • Payne 4.5 years
  • Oklahoma 3.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Payne County

According to FHFA’s house price index, home prices in Payne County rose 71% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Payne County.

Period County Oklahoma U.S.
Last year (2025) +5.7% +2.6% +2.9%
5 years (2020–2025) +47% +46% +47%
10 years (2015–2025) +71% +71% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Cushing next to Payne County, Oklahoma and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Cushing $114,500
  • Payne $223,300
  • Oklahoma $199,800
  • United States $332,700
Typical monthly rent
  • Cushing $798
  • Payne $917
  • Oklahoma $1,014
  • United States $1,413
Typical yearly household income
  • Cushing $44,136
  • Payne $49,809
  • Oklahoma $65,039
  • United States $80,734
See the full table
Cushing next to Payne County and Oklahoma
Measure Cushing Payne County Oklahoma U.S.
Typical home value $114,500 $223,300 $199,800 $332,700
Typical monthly rent $798 $917 $1,014 $1,413
Typical yearly household income $44,136 $49,809 $65,039 $80,734
Households that own their home 55% 51% 66% 65%
Typical yearly property tax $752 $1,903 $1,599 $3,119
Effective property tax rate 0.66% 0.85% 0.8% 0.94%
Renters with high rent for their income 38% 57% 46% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Payne County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Cushing

For a typical $114,500 home in Cushing, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Cushing's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $923a month

    Least cash to close
    Down payment
    $4,008
    Cash to close
    $7,443
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $51

  • Conventional, 5% down $902a month

    Down payment
    $5,725
    Cash to close
    $9,160
    Rate
    7.18%
    Mortgage insurance
    PMI · $54

  • Conventional, 20% down, no PMI $731a month

    Down payment
    $22,900
    Cash to close
    $26,335
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $837a month

    Down payment
    $17,175
    Cash to close
    $20,610
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Cushing and for Payne County.

Property tax

Effective rate in Cushing

0.66%of the home’s value each year

$752 a year for the typical owner in Cushing.

  • Cushing 0.66%
  • Payne 0.85%
  • Oklahoma 0.8%

What Oklahoma publishes Homestead exemption of $1,000 of assessed value (Oklahoma Legislature (Oklahoma Statutes, Title 68))

Exemptions and deadlines in Oklahoma

Flood risk in Payne County

FEMA does not publish these numbers by city: they are for all of Payne County.

Homes in the high-risk zone
1.8%
478
Of those, with NFIP insurance
15%
County Oklahoma U.S.
Homes in the high-risk zone 1.8% 2.2% 3.5%
Of those, with NFIP insurance 15% 13% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Cushing

Typical rent in Cushing is $798 a month: 13% below the county. In Cushing, 38% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Payne County, by unit size. To pay the 2-bedroom one ($1,010 a month) without spending more than 30% of your income, you would need to earn $19.42 an hour working full time.

HUD fair market rent for all of Payne County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $799 $15.37 $31,960
1 bedroom $829 $15.94 $33,160
2 bedrooms $1,010 $19.42 $40,400
3 bedrooms $1,399 $26.90 $55,960
4 bedrooms $1,468 $28.23 $58,720

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Cushing

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Cushing is in ZIP code 74023.

For 2 bedrooms it is $920: $90 less than the fair market rent for Payne County ($1,010).

  • 74023 $920$1,270

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Cushing when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Cushing

HUD lists 9 buildings with rents for lower incomes in Cushing. These are the largest.

  • Cedar Lane Apts 422 Anna Ct, Cushing 74023 50 low-income homes · In service since 2005 · For families
  • Timber Ridge Gardens 306 S Timberridge Dr, Cushing 74023 48 low-income homes · In service since 2005 · For families
  • Cimarron Towers 214 E Broadway St, Cushing 74023 46 low-income homes · For older adults (918) 225-0322
  • Cherry Lane Apartments 1602 Cherry Ln, Cushing 74023 40 low-income homes · Run by Housing Authority of the Town of Cushing · Average payment: $352 a month · Average wait: 7 months (918) 225-7205
  • Eastbrook Apartments 506 S Timberridge Dr, Cushing 74023 30 low-income homes · For older adults (918) 225-6421

See all 28 buildings in Payne County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Cushing

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Payne County. The nearest ones are below; many serve by phone or online.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Cushing

No down payment, repair or rent-help program on our list is for Cushing or Payne County. The ones below are statewide in Oklahoma: they work in Cushing the same as in the rest of the state.

Which programs do I qualify for? All programs in Oklahoma

  • OHFA Homebuyer Down Payment Assistance

    Statewide in Oklahoma

    Oklahoma state agency help of 3.5% of the loan for the down payment and closing costs, as a second lien with no interest and no installments, repaid when you pay off the loan, refinance or leave the home. Offered by Oklahoma Housing Finance Agency (OHFA).

    Deferred

    See the program Official page

Housing counselors near Cushing

The HUD-approved agencies closest to the center of Cushing, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Quickcert, Inc.

    7122 S Sheridan Rd Ste 2, Tulsa · 48 miles away · Spanish

    • Pre-purchase counseling
    • Rental counseling
    • and 1 more
    (888) 383-8885

  • Tulsa Habitat for Humanity

    6235 E 13th St, Tulsa · 49 miles away

    • Budget and credit workshops
    • Workshops for new owners
    • and 2 more
    918-592-4224x107

  • Neighborhood Housing Services Oklahoma City

    4101 N Classen Blvd Ste A, Oklahoma City · 54 miles away · Spanish

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (405) 231-4663

All counseling agencies in Oklahoma

Help in Spanish near Cushing

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Cushing

HUD’s record names them for Cushing or Payne County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of the Town of Cushing Public housing (918) 225-7205

2 other authorities have an office in Payne County: see the list Source: HUD

Cities

Other cities in Payne County

These cities are also in Payne County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Payne County Housing in Oklahoma

Nearby cities

The cities closest to Cushing, with the typical home value.

Neighboring counties

If Payne County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Cushing.

All guides
A family roasts marshmallows over a campfire at a forest campsite.

Questions

Housing questions about Cushing

Short answers with the numbers for Cushing and all of Payne County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Cushing?

The typical home value in Cushing is $114,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Payne County it is $223,300.

How much does it cost to rent in Cushing?

Typical rent in Cushing is $798 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Payne County is $1,010.

What is the FHA loan limit in Cushing?

Cushing uses the FHA limit for all of Payne County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Cushing?

The typical homeowner in Cushing pays $752 a year, according to the U.S. Census Bureau. That is 0.66% of the home’s value; in Payne County, the rate is 0.85%.

Where can I find free help to buy or rent in Cushing?

We found no HUD-approved counseling agencies with an office in Payne County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).