The typical owner-occupied home in Jay is worth about $150,800, 58% below the Florida median of $359,000 and 55% below the national median of $332,700. Owners pay a median $782 a year in property taxes, about 0.52% of their home's value, lower than the Florida rate of 0.76%. The median household earns $48,359 a year, so the median home costs 3.1 times the median income (4.8 times for Florida). 38% of occupied homes here are lived in by their owners, and 34% of those owners still have a mortgage.
Jay at a glance
| Jay | Florida | U.S. | |
|---|---|---|---|
| Median home value | $150,800 | $359,000 | $332,700 |
| Median property tax paid per year | $782 | $2,730 | $3,119 |
| Property tax as a share of value | 0.52% | 0.76% | 0.94% |
| Median household income | $48,359 | $74,568 | $80,734 |
| Homes lived in by their owners | 38% | 68% | 65% |
| Owner homes with a mortgage | 34% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,408 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 24.2% | 23.6% | 21.0% |
| Median rent | $1,117 | $1,669 | $1,413 |
| Rent as a share of renters' income | 26.3% | 35.2% | 30.6% |
| Median year homes were built | 1969 | 1988 | 1980 |
| Vacant homes | 17.8% | 14.7% | 10.1% |
| Population | 796 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Jay
At this week's average 30-year rate of 7.11%, buying the median Jay home of $150,800 with 20% down costs about $940 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,191, 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 $40,274 for the 20%-down payment. That payment is 23% of the median Jay household income of $48,359; at that income and 20% down, the 28% guideline points to a home of about $181,000.
The median rent here is $1,117 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $30,160 |
|---|---|
| Loan amount | $120,640 |
| Principal and interest | $812 |
| Property taxes (0.52% a year) | $65 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| PMI | $0 |
| Total per month | $940 |
Change the numbers in the calculator
| Down payment | $5,278 |
|---|---|
| Loan amount | $148,069 |
| Principal and interest | $996 |
| Property taxes (0.52% a year) | $65 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| FHA mortgage insurance | $67 |
| Total per month | $1,191 |
Change the numbers in the calculator
Questions about home buying in Jay
What is the median home value in Jay?
About $150,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Jay?
Homeowners pay a median $782 a year, which is about 0.52% 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 Jay?
For the median home with 20% down at 7.11%, the payment is about $940 a month. Keeping that under 28% of gross income takes about $40,274 a year.
More about Jay
- Mortgage Refinance in Jay
- Debt Relief in Jay
- Home Equity Loans in Jay
- 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