The typical owner-occupied home in Clay County is worth about $94,600, 50% below the Arkansas median of $188,000 and 72% below the national median of $332,700. Owners pay a median $470 a year in property taxes, about 0.50% of their home's value, lower than the Arkansas rate of 0.55%. The median household earns $51,481 a year, so the median home costs 1.8 times the median income (3.1 times for Arkansas). 75% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Clay County at a glance
| Clay County | Arkansas | U.S. | |
|---|---|---|---|
| Median home value | $94,600 | $188,000 | $332,700 |
| Median property tax paid per year | $470 | $1,040 | $3,119 |
| Property tax as a share of value | 0.50% | 0.55% | 0.94% |
| Median household income | $51,481 | $60,773 | $80,734 |
| Homes lived in by their owners | 75% | 66% | 65% |
| Owner homes with a mortgage | 39% | 53% | 61% |
| Median monthly costs, owners with a mortgage | $907 | $1,345 | $1,963 |
| Those costs as a share of the owners' income | 16.3% | 18.5% | 21.0% |
| Median rent | $707 | $947 | $1,413 |
| Rent as a share of renters' income | 26.4% | 27.6% | 30.6% |
| Median year homes were built | 1973 | 1987 | 1980 |
| Vacant homes | 19.6% | 13.5% | 10.1% |
| Population | 14,280 | 3,049,391 | 334,922,499 |
What a typical home costs per month in Clay County
At this week's average 30-year rate of 7.11%, buying the median Clay County home of $94,600 with 20% down costs about $588 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $746, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $25,197 for the 20%-down payment. That payment is 14% of the median Clay County household income of $51,481; at that income and 20% down, the 28% guideline points to a home of about $193,000.
The median rent here is $707 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,920 |
|---|---|
| Loan amount | $75,680 |
| Principal and interest | $509 |
| Property taxes (0.50% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| PMI | $0 |
| Total per month | $588 |
Change the numbers in the calculator
| Down payment | $3,311 |
|---|---|
| Loan amount | $92,887 |
| Principal and interest | $625 |
| Property taxes (0.50% a year) | $39 |
| Homeowners insurance (our estimate, 0.5% a year) | $39 |
| FHA mortgage insurance | $42 |
| Total per month | $746 |
Change the numbers in the calculator
Questions about home buying in Clay County
What is the median home value in Clay County?
About $94,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Clay County?
Homeowners pay a median $470 a year, which is about 0.50% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Clay County?
For the median home with 20% down at 7.11%, the payment is about $588 a month. Keeping that under 28% of gross income takes about $25,197 a year.
More about Clay County
- Mortgage Refinance in Clay County
- Debt Relief in Clay County
- Home Equity Loans in Clay County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data