Clay County, West Virginia Housing Market
In Clay County, West Virginia, the median home value is $109,100, with a median monthly rent of $651. This places Clay County at #2810 nationally out of 3134 counties by median home value, and #44 within West Virginia.
📈 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: $1,130
- Establishments: 164
- BLS QCEW, 2025
Housing Supply
- Single-family: 11
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,662 (avg $47,970)
- Outflow: 2,572 (avg $48,452)
- IRS Statistics of Income
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| Metric | Clay County | West Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $109,100 | $148,003 | $227,706 |
| Median Gross Rent | $651 | $777 | $968 |
| Owner Occupancy Rate | 76.0% | 78.4% | 73.3% |
| Price/Rent Ratio | 14.0 | 15.8 | 18.7 |
Market Analysis
The median home value in Clay County is 26.3% below the West Virginia state average and 52.1% below the U.S. national average. The median rent of $651/month is 16.2% below the state average.
With a price-to-rent ratio of 14.0, 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 76.0%, compared to 78.4% in West Virginia 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 |
|---|---|---|---|
| Iron County | Michigan | $109,100 | $716 |
| Greer County | Oklahoma | $109,100 | $681 |
| Mississippi County | Missouri | $109,000 | $762 |
| Thomas County | Nebraska | $109,200 | $638 |
| Upton County | Texas | $109,000 | $720 |
Other Counties in West Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Wetzel County | $107,900 | $688 | 83.2% |
| Fayette County | $105,800 | $788 | 77.7% |
| Lincoln County | $105,300 | $771 | 74.5% |
| Logan County | $103,400 | $710 | 77.0% |
| Wirt County | $115,800 | $558 | 87.8% |
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).