Clay County, IA

Comprehensive housing, income, and cost of living data for Clay County, Iowa. Population: 16.4K.

Median Home Price
$164.3K

Based on 8 cities

Median Household Income
$64.1K

Annual household income

Price-to-Income Ratio
2.6x

Highly affordable

Salary Needed to Buy
$45.8K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$2,028

Average annual amount

Effective Tax Rate
1.23%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$831
Property Tax$169
Insurance$68.46
Total Monthly$1,068
Historical Home Prices
2015
$113.0K
2016
$118.8K
+5.1%%
2017
$121.8K
+2.5%%
2018
$123.9K
+1.8%%
2019
$131.5K
+6.1%%
2020
$138.7K
+5.5%%
2021
$153.5K
+10.7%%
2022
$166.6K
+8.5%%
2023
$172.0K
+3.3%%
2024
$175.0K
+1.7%%
2025
$184.7K
+5.5%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
2.7%%

Below national average

Population Density
29

People per square mile

Homicide Rate
16.1

Medium (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
91.7%
Black
0.5%
Hispanic
4.5%
Asian
0.3%
Two or More Races
2.3%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
46°F

Annual average

Sunny Days
211

Days per year

Annual Rainfall
31.0"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 36/100

Frequently Asked Questions

What is the median home price in Clay County, IA?

The median home price in Clay County, Iowa is $164.3K. The price-to-income ratio is 2.6x, meaning the median home costs 2.6 times the median household income.

What salary do you need to buy a home in Clay County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $45.8K per year to buy the median home in Clay County, IA. Monthly housing costs break down to $831 for mortgage, $169 for property tax, and $68.46 for insurance.

What is the property tax rate in Clay County?

The effective property tax rate in Clay County is 1.23%, which comes to approximately $2,028 per year on the median home.

What is the median household income in Clay County?

The median household income in Clay County, Iowa is $64.1K per year, based on Census Bureau American Community Survey data. The unemployment rate is 2.7%%.

Is Clay County a good place to live?

Clay County, Iowa has a population of 16.4K. Housing affordability is strong with a price-to-income ratio of 2.6x. The climate averages 46 degrees F with 211 sunny days per year. Compare Clay County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.