The typical owner-occupied home in Clay Center is worth about $143,600, 34% below the Kansas median of $217,200 and 57% below the national median of $332,700. Owners pay a median $2,319 a year in property taxes, about 1.61% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $62,695 a year, so the median home costs 2.3 times the median income (2.9 times for Kansas). 66% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Clay Center at a glance
| Clay Center | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $143,600 | $217,200 | $332,700 |
| Median property tax paid per year | $2,319 | $2,798 | $3,119 |
| Property tax as a share of value | 1.61% | 1.29% | 0.94% |
| Median household income | $62,695 | $74,275 | $80,734 |
| Homes lived in by their owners | 66% | 67% | 65% |
| Owner homes with a mortgage | 57% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,259 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 17.2% | 19.4% | 21.0% |
| Median rent | $983 | $1,060 | $1,413 |
| Rent as a share of renters' income | 32.4% | 27.1% | 30.6% |
| Median year homes were built | 1959 | 1976 | 1980 |
| Vacant homes | 7.9% | 9.2% | 10.1% |
| Population | 4,132 | 2,947,197 | 334,922,499 |
What a typical home costs per month in Clay Center
At this week's average 30-year rate of 7.11%, buying the median Clay Center home of $143,600 with 20% down costs about $1,025 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,265, 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 $43,942 for the 20%-down payment. That payment is 20% of the median Clay Center household income of $62,695; at that income and 20% down, the 28% guideline points to a home of about $205,000.
The median rent here is $983 a month, so owning the median home costs about $42 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $28,720 |
|---|---|
| Loan amount | $114,880 |
| Principal and interest | $773 |
| Property taxes (1.61% a year) | $193 |
| Homeowners insurance (our estimate, 0.5% a year) | $60 |
| PMI | $0 |
| Total per month | $1,025 |
Change the numbers in the calculator
| Down payment | $5,026 |
|---|---|
| Loan amount | $140,999 |
| Principal and interest | $949 |
| Property taxes (1.61% a year) | $193 |
| Homeowners insurance (our estimate, 0.5% a year) | $60 |
| FHA mortgage insurance | $64 |
| Total per month | $1,265 |
Change the numbers in the calculator
Questions about home buying in Clay Center
What is the median home value in Clay Center?
About $143,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Clay Center?
Homeowners pay a median $2,319 a year, which is about 1.61% 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 Center?
For the median home with 20% down at 7.11%, the payment is about $1,025 a month. Keeping that under 28% of gross income takes about $43,942 a year.
More about Clay Center
- Mortgage Refinance in Clay Center
- Debt Relief in Clay Center
- Home Equity Loans in Clay Center
- 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