The typical owner-occupied home in Clayton is worth about $252,300, 44% below the New Jersey median of $454,400 and 24% below the national median of $332,700. Owners pay a median $6,660 a year in property taxes, about 2.64% of their home's value, higher than the New Jersey rate of 2.11%. The median household earns $90,274 a year, so the median home costs 2.8 times the median income (4.4 times for New Jersey). 81% of occupied homes here are lived in by their owners, and 78% of those owners still have a mortgage.
Clayton at a glance
| Clayton | New Jersey | U.S. | |
|---|---|---|---|
| Median home value | $252,300 | $454,400 | $332,700 |
| Median property tax paid per year | $6,660 | $9,590 | $3,119 |
| Property tax as a share of value | 2.64% | 2.11% | 0.94% |
| Median household income | $90,274 | $103,556 | $80,734 |
| Homes lived in by their owners | 81% | 64% | 65% |
| Owner homes with a mortgage | 78% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,994 | $2,829 | $1,963 |
| Those costs as a share of the owners' income | 22.0% | 22.9% | 21.0% |
| Median rent | $1,246 | $1,720 | $1,413 |
| Rent as a share of renters' income | 29.5% | 30.9% | 30.6% |
| Median year homes were built | 1975 | 1970 | 1980 |
| Vacant homes | 7.2% | 7.5% | 10.1% |
| Population | 8,921 | 9,343,809 | 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 $252,300 with 20% down costs about $2,018 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,438, 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 $86,485 for the 20%-down payment. That payment is 27% of the median Clayton household income of $90,274; at that income and 20% down, the 28% guideline points to a home of about $263,000.
The median rent here is $1,246 a month, so owning the median home costs about $772 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $50,460 |
|---|---|
| Loan amount | $201,840 |
| Principal and interest | $1,358 |
| Property taxes (2.64% a year) | $555 |
| Homeowners insurance (our estimate, 0.5% a year) | $105 |
| PMI | $0 |
| Total per month | $2,018 |
Change the numbers in the calculator
| Down payment | $8,830 |
|---|---|
| Loan amount | $247,730 |
| Principal and interest | $1,666 |
| Property taxes (2.64% a year) | $555 |
| Homeowners insurance (our estimate, 0.5% a year) | $105 |
| FHA mortgage insurance | $112 |
| Total per month | $2,438 |
Change the numbers in the calculator
Questions about home buying in Clayton
What is the median home value in Clayton?
About $252,300 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 $6,660 a year, which is about 2.64% 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 $2,018 a month. Keeping that under 28% of gross income takes about $86,485 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