Clay County, Kentucky Housing Market
In Clay County, Kentucky, the median home value is $90,700, with a median monthly rent of $724. This places Clay County at #3007 nationally out of 3134 counties by median home value, and #107 within Kentucky.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $845
- Establishments: 381
- BLS QCEW, 2025
Migration Patterns
- Inflow: 5,566 (avg $43,651)
- Outflow: 5,389 (avg $44,141)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Clay County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 40741 | 215.5 | +1.10% | 2025 |
| 2 | 40744 | 229.8 | +1.78% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Clay County Compares
| Metric | Clay County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $90,700 | $160,835 | $227,706 |
| Median Gross Rent | $724 | $793 | $968 |
| Owner Occupancy Rate | 76.4% | 73.4% | 73.3% |
| Price/Rent Ratio | 10.4 | 16.6 | 18.7 |
Market Analysis
The median home value in Clay County is 43.6% below the Kentucky state average and 60.2% below the U.S. national average. The median rent of $724/month is 8.7% below the state average.
With a price-to-rent ratio of 10.4, buying a home in Clay County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Clay County has an owner-occupancy rate of 76.4%, compared to 73.4% in Kentucky and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Noxubee County | Mississippi | $90,800 | $677 |
| Desha County | Arkansas | $90,900 | $718 |
| St. Francis County | Arkansas | $90,900 | $779 |
| Mingo County | West Virginia | $90,500 | $647 |
| Coahoma County | Mississippi | $90,300 | $749 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Perry County | $91,800 | $798 | 70.4% |
| Bell County | $89,000 | $592 | 58.8% |
| Magoffin County | $89,000 | $730 | 75.4% |
| Martin County | $86,900 | $450 | 84.9% |
| Lewis County | $96,000 | $751 | 79.2% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).