Housing in Clay

A typical Clay home is worth roughly $149,000

Typical home value

$149K

IN $260K

Estimate

2-bedroom rent

$970

a month, utilities in · HUD

Median tax bill

$1,520

IN $1,614

What kind of housing town is Clay?

Read from the numbers below. The page puts what stands out first.

Your money goes further43% below the Indiana typical home.A high tax rateAbout 1.02% of a home’s value a year, vs 0.74% across Indiana.Older homesThe typical home was built around 1938.A town of owners91% of households own their home.

★ What stands out · Affordability

A typical home costs 2 years of income

Less than across Indiana (3.6 years). Try your own numbers below.

You could afford about

$287,000

Typical Clay home $149K

That covers a typical Clay home, with $139K to spare.

The typical home, each month

$910

Loan $740Tax $130Insurance $40

A two-bedroom rents for about $970 a month here, $60 more than owning.

Where your budget reaches nearby

Center$164K Green$166K Harrison$239K Jefferson$126K Perry$109K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Clay’s typical property tax (1.02% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

91% of Clay households own their home

Half of Clay’s homes were built before 1938.

Owners and renters

Own 91%Rent 9%

Indiana: 71% own.

1938

typical home built · IN 1976

$1,520

median property tax bill · IN $1,614

1.02%

of a home’s value, a year in tax · IN 0.74%

U.S. Census Bureau, American Community Survey 2020-2024.

Renting

A two-bedroom rents for about $970

Renters already here pay a median of $975.

Fair Market Rent a month, utilities included

Studio$730

1 bedroom$740

2 bedrooms$970

3 bedrooms$1,220

4 bedrooms$1,290

of households rent · IN 29%

renter households

55%

of renters spend 30%+ of income on rent · IN 48%

16%

of the median income, for a two-bedroom

$975

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Wayne County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Clay vs. its neighbors

Clay is the 3rd least expensive of 6 neighboring towns. Tap one to see its housing page.

Harrison$239K Green$166K Center$164K Clay$149K Jefferson$126K Perry$109K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Clay	$149K*	—	$970	$74,500
Center	$164K*	+1.6%†	$1,010	$68,821
Green	$166K*	—	$1,280	$72,361
Harrison	$239K*	−0.4%†	$970	$105,000
Jefferson	$126K*	−2.2%†	$960	$61,212
Perry	$109K*	—	$1,060	$74,773

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Clay buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Clay still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.