The typical owner-occupied home in Clay County is worth about $129,100, 24% below the Mississippi median of $169,800 and 61% below the national median of $332,700. Owners pay a median $810 a year in property taxes, about 0.63% of their home's value, lower than the Mississippi rate of 0.72%. The median household earns $43,125 a year, so the median home costs 3.0 times the median income (3.0 times for Mississippi). 71% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Clay County at a glance
| Clay County | Mississippi | U.S. | |
|---|---|---|---|
| Median home value | $129,100 | $169,800 | $332,700 |
| Median property tax paid per year | $810 | $1,215 | $3,119 |
| Property tax as a share of value | 0.63% | 0.72% | 0.94% |
| Median household income | $43,125 | $56,447 | $80,734 |
| Homes lived in by their owners | 71% | 70% | 65% |
| Owner homes with a mortgage | 43% | 49% | 61% |
| Median monthly costs, owners with a mortgage | $1,180 | $1,394 | $1,963 |
| Those costs as a share of the owners' income | 22.9% | 19.8% | 21.0% |
| Median rent | $817 | $954 | $1,413 |
| Rent as a share of renters' income | 31.2% | 30.7% | 30.6% |
| Median year homes were built | 1983 | 1986 | 1980 |
| Vacant homes | 13.8% | 14.6% | 10.1% |
| Population | 18,383 | 2,946,779 | 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 $129,100 with 20% down costs about $816 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,031, 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 $34,986 for the 20%-down payment. That payment is 23% of the median Clay County household income of $43,125; at that income and 20% down, the 28% guideline points to a home of about $159,000.
The median rent here is $817 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $25,820 |
|---|---|
| Loan amount | $103,280 |
| Principal and interest | $695 |
| Property taxes (0.63% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| PMI | $0 |
| Total per month | $816 |
Change the numbers in the calculator
| Down payment | $4,518 |
|---|---|
| Loan amount | $126,762 |
| Principal and interest | $853 |
| Property taxes (0.63% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $54 |
| FHA mortgage insurance | $57 |
| Total per month | $1,031 |
Change the numbers in the calculator
Questions about home buying in Clay County
What is the median home value in Clay County?
About $129,100 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 $810 a year, which is about 0.63% 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 $816 a month. Keeping that under 28% of gross income takes about $34,986 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