Total monthly cost of ownership
Cost to Own a Home in Clay, Kentucky
A $76,000 home here costs
$796per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $34,000 a year.
A standard mortgage calculator would have told you $414. The real number is $382 higher every month, 92% more than the payment most buyers budget for.
Compare Webster County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Clay from a five-year rolling sample, and with about 1,112 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Webster County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Clay against Webster County and Kentucky
| Measure | Clay | Webster County |
|---|---|---|
| Median home value | $75,600 | $97,600 |
| Median property tax | $787 | $961 |
| Effective tax rate | 1.041% | 0.985% |
| Median gross rent | $769 | $774 |
| Population | 1,112 | 12,873 |
The weather behind that power bill
Clay sits in Webster County, which averages a high of 89.6°F in its hottest month and a low of 24.9°F in its coldest, with 48.51" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,583 cooling and 4,280 heating degree days, which is what sets the $144 electricity line above.
See the full climate breakdown for Webster County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Webster County
Full Webster County cost breakdown · Every county in Kentucky
Talk to someone who works this market
These are Clay averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Clay every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Clay?
A $76,000 home in Clay, Kentucky costs approximately $796 per month with 20% down at 7.24%. That is $414 principal and interest, $66 property tax, $40 homeowners insurance, $212 utilities and $63 set aside for maintenance.
What is the property tax rate in Clay?
Clay has an effective property tax rate of 1.041%, based on a median home value of $75,600 and median real estate taxes of $787. That is higher than the Webster County average of 0.985%.
What is the average home price in Clay?
The median owner-occupied home value in Clay, Kentucky is $75,600, against $97,600 across Webster County.
Is it cheaper to rent or buy in Clay?
Median gross rent in Clay is $769 a month, against $796 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Clay?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Clay, Kentucky at today's rate takes a household income of roughly $34,000 a year. That covers the full $796 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Clay, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Kentucky.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.