The typical owner-occupied home in Clayton is worth about $135,700, 49% below the Wisconsin median of $266,500 and 59% below the national median of $332,700. Owners pay a median $2,398 a year in property taxes, about 1.77% of their home's value, higher than the Wisconsin rate of 1.42%. The median household earns $58,750 a year, so the median home costs 2.3 times the median income (3.4 times for Wisconsin). 65% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Clayton at a glance
| Clayton | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $135,700 | $266,500 | $332,700 |
| Median property tax paid per year | $2,398 | $3,792 | $3,119 |
| Property tax as a share of value | 1.77% | 1.42% | 0.94% |
| Median household income | $58,750 | $77,485 | $80,734 |
| Homes lived in by their owners | 65% | 68% | 65% |
| Owner homes with a mortgage | 53% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,426 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 20.6% | 19.5% | 21.0% |
| Median rent | $817 | $1,087 | $1,413 |
| Rent as a share of renters' income | 26.7% | 27.2% | 30.6% |
| Median year homes were built | 1971 | 1975 | 1980 |
| Vacant homes | 3.6% | 10.8% | 10.1% |
| Population | 370 | 5,914,872 | 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 $135,700 with 20% down costs about $987 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,213, 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 $42,300 for the 20%-down payment. That payment is 20% of the median Clayton household income of $58,750; at that income and 20% down, the 28% guideline points to a home of about $188,000.
The median rent here is $817 a month, so owning the median home costs about $170 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $27,140 |
|---|---|
| Loan amount | $108,560 |
| Principal and interest | $730 |
| Property taxes (1.77% a year) | $200 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| PMI | $0 |
| Total per month | $987 |
Change the numbers in the calculator
| Down payment | $4,750 |
|---|---|
| Loan amount | $133,242 |
| Principal and interest | $896 |
| Property taxes (1.77% a year) | $200 |
| Homeowners insurance (our estimate, 0.5% a year) | $57 |
| FHA mortgage insurance | $60 |
| Total per month | $1,213 |
Change the numbers in the calculator
Questions about home buying in Clayton
What is the median home value in Clayton?
About $135,700 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 $2,398 a year, which is about 1.77% 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 $987 a month. Keeping that under 28% of gross income takes about $42,300 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