The typical owner-occupied home in Clay County is worth about $90,700, 56% below the Kentucky median of $205,600 and 73% below the national median of $332,700. Owners pay a median $634 a year in property taxes, about 0.70% of their home's value, lower than the Kentucky rate of 0.75%. The median household earns $40,900 a year, so the median home costs 2.2 times the median income (3.2 times for Kentucky). 76% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Clay County at a glance
| Clay County | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $90,700 | $205,600 | $332,700 |
| Median property tax paid per year | $634 | $1,544 | $3,119 |
| Property tax as a share of value | 0.70% | 0.75% | 0.94% |
| Median household income | $40,900 | $63,726 | $80,734 |
| Homes lived in by their owners | 76% | 68% | 65% |
| Owner homes with a mortgage | 33% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $978 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 18.2% | 18.8% | 21.0% |
| Median rent | $724 | $967 | $1,413 |
| Rent as a share of renters' income | 37.7% | 28.1% | 30.6% |
| Median year homes were built | 1989 | 1982 | 1980 |
| Vacant homes | 15.9% | 10.3% | 10.1% |
| Population | 19,921 | 4,534,824 | 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 $90,700 with 20% down costs about $579 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $730, 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 $24,807 for the 20%-down payment. That payment is 17% of the median Clay County household income of $40,900; at that income and 20% down, the 28% guideline points to a home of about $150,000.
The median rent here is $724 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $18,140 |
|---|---|
| Loan amount | $72,560 |
| Principal and interest | $488 |
| Property taxes (0.70% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $579 |
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| Down payment | $3,174 |
|---|---|
| Loan amount | $89,057 |
| Principal and interest | $599 |
| Property taxes (0.70% a year) | $53 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $40 |
| Total per month | $730 |
Change the numbers in the calculator
Questions about home buying in Clay County
What is the median home value in Clay County?
About $90,700 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 $634 a year, which is about 0.70% 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 $579 a month. Keeping that under 28% of gross income takes about $24,807 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