Clay County, Tennessee Housing Market
In Clay County, Tennessee, the median home value is $136,400, with a median monthly rent of $557. This places Clay County at #2416 nationally out of 3134 counties by median home value, and #88 within Tennessee.
📈 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: $771
- Establishments: 124
- BLS QCEW, 2025
Housing Supply
- Single-family: 26
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,713 (avg $49,332)
- Outflow: 2,524 (avg $49,580)
- IRS Statistics of Income
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| Metric | Clay County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $136,400 | $223,385 | $227,706 |
| Median Gross Rent | $557 | $892 | $968 |
| Owner Occupancy Rate | 74.4% | 74.1% | 73.3% |
| Price/Rent Ratio | 20.4 | 20.5 | 18.7 |
Market Analysis
The median home value in Clay County is 38.9% below the Tennessee state average and 40.1% below the U.S. national average. The median rent of $557/month is 37.6% below the state average.
With a price-to-rent ratio of 20.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Clay County has an owner-occupancy rate of 74.4%, compared to 74.1% in Tennessee 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 |
|---|---|---|---|
| Jasper County | Texas | $136,400 | $848 |
| Escambia County | Alabama | $136,500 | $766 |
| Des Moines County | Iowa | $136,500 | $904 |
| Seward County | Kansas | $136,500 | $905 |
| Casey County | Kentucky | $136,300 | $670 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hancock County | $134,500 | $622 | 74.6% |
| Obion County | $133,600 | $770 | 68.1% |
| Decatur County | $139,600 | $757 | 74.3% |
| Wayne County | $130,700 | $619 | 80.2% |
| Carroll County | $142,400 | $755 | 74.5% |
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).