Total monthly cost of ownership
Cost to Own a Home in Clay, Kentucky
A $76,000 home here costs
$763per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $391. The real number is $372 higher every month — 95% more than the payment most buyers budget for.
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 $135 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
Common questions
How much does it cost to own a home in Clay?
A $76,000 home in Clay, Kentucky costs approximately $763 per month with 20% down at 6.66%. That is $391 principal and interest, $66 property tax, $40 homeowners insurance, $203 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 $763 to own the median home all in. Owning costs less month to month here, though renting builds no equity.
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.