Housing in Clay

A typical Clay home is worth roughly $69,000

Typical home value

$69K

MO $268K

Estimate

2-bedroom rent

$890

a month, utilities in · HUD

Median tax bill

$585

MO $1,948

What kind of housing town is Clay?

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

Your money goes further74% below the Missouri typical home.

★ What stands out · Affordability

A typical home costs 1.4 years of income

Less than across Missouri (3.8 years). Try your own numbers below.

You could afford about

$196,000

Typical Clay home $69K

That covers a typical Clay home, with $127K to spare.

The typical home, each month

$410

Loan $340Tax $50Insurance $20

A two-bedroom rents for about $890 a month here, $480 more than owning.

Where your budget reaches nearby

Salem$81K Independence$114K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Clay’s typical property tax (0.84% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $890

Renters already here pay a median of $406, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$660

1 bedroom$680

2 bedrooms$890

3 bedrooms$1,220

4 bedrooms$1,390

20%

of households rent · MO 32%

renter households

72%

of renters spend 30%+ of income on rent · MO 46%

21%

of the median income, for a two-bedroom

$406

median rent paid today · Census

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

The homes

81% of Clay households own their home

Half of Clay’s homes were built before 1973.

Owners and renters

Own 81%Rent 20%

Missouri: 68% own.

1973

typical home built · MO 1978

$585

median property tax bill · MO $1,948

0.84%

of a home’s value, a year in tax · MO 0.85%

of homes are seasonal or vacation homes

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

Next door

Clay vs. its neighbors

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

Independence$114K Salem$81K Clay$69K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Clay	$69K*	—	$890	$50,000
Salem	$81K*	—	$890	$40,352
Independence	$114K*	—	$900	$55,521

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.