The typical owner-occupied home in Clayton is worth about $73,800, 66% below the Louisiana median of $216,500 and 78% below the national median of $332,700. Owners pay a median $485 a year in property taxes, about 0.66% of their home's value, higher than the Louisiana rate of 0.55%. The median household earns $30,962 a year, so the median home costs 2.4 times the median income (3.6 times for Louisiana). 43% of occupied homes here are lived in by their owners, and 3% of those owners still have a mortgage.
Clayton at a glance
| Clayton | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $73,800 | $216,500 | $332,700 |
| Median property tax paid per year | $485 | $1,180 | $3,119 |
| Property tax as a share of value | 0.66% | 0.55% | 0.94% |
| Median household income | $30,962 | $60,756 | $80,734 |
| Homes lived in by their owners | 43% | 67% | 65% |
| Owner homes with a mortgage | 3% | 52% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,604 | $1,963 |
| Median rent | $442 | $1,064 | $1,413 |
| Rent as a share of renters' income | 44.1% | 32.8% | 30.6% |
| Median year homes were built | 1965 | 1983 | 1980 |
| Vacant homes | 42.9% | 14.4% | 10.1% |
| Population | 272 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Clayton
At this week's average 30-year rate of 7.11%, buying the median Clayton home of $73,800 with 20% down costs about $469 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $591, 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 $20,079 for the 20%-down payment. That payment is 18% of the median Clayton household income of $30,962; at that income and 20% down, the 28% guideline points to a home of about $114,000.
The median rent here is $442 a month, so owning the median home costs about $27 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $14,760 |
|---|---|
| Loan amount | $59,040 |
| Principal and interest | $397 |
| Property taxes (0.66% a year) | $41 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| PMI | $0 |
| Total per month | $469 |
Change the numbers in the calculator
| Down payment | $2,583 |
|---|---|
| Loan amount | $72,463 |
| Principal and interest | $487 |
| Property taxes (0.66% a year) | $41 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| FHA mortgage insurance | $33 |
| Total per month | $591 |
Change the numbers in the calculator
Questions about home buying in Clayton
What is the median home value in Clayton?
About $73,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Clayton?
Homeowners pay a median $485 a year, which is about 0.66% 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 Clayton?
For the median home with 20% down at 7.11%, the payment is about $469 a month. Keeping that under 28% of gross income takes about $20,079 a year.
More about Clayton
- Mortgage Refinance in Clayton
- Debt Relief in Clayton
- Home Equity Loans in Clayton
- 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