Total monthly cost of ownership
Cost to Own a Home in Clay, Pennsylvania
A $265,000 home here costs
$2,248per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,362. The real number is $885 higher every month — 65% 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 Lancaster County and Pennsylvania
| Measure | Clay | Lancaster County |
|---|---|---|
| Median home value | $265,300 | $279,400 |
| Median property tax | $3,773 | $3,941 |
| Effective tax rate | 1.422% | 1.411% |
| Median gross rent | $916 | $1,289 |
| Population | 1,576 | 555,151 |
The weather behind that power bill
Clay sits in Lancaster County, which averages a high of 87.0°F in its hottest month and a low of 22.2°F in its coldest, with 44.15" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 1,030 cooling and 5,129 heating degree days, which is what sets the $194 electricity line above.
See the full climate breakdown for Lancaster County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lancaster County
Full Lancaster County cost breakdown · Every county in Pennsylvania
Common questions
How much does it cost to own a home in Clay?
A $265,000 home in Clay, Pennsylvania costs approximately $2,248 per month with 20% down at 6.66%. That is $1,362 principal and interest, $314 property tax, $89 homeowners insurance, $262 utilities and $221 set aside for maintenance.
What is the property tax rate in Clay?
Clay has an effective property tax rate of 1.422%, based on a median home value of $265,300 and median real estate taxes of $3,773. That is higher than the Lancaster County average of 1.411%.
What is the average home price in Clay?
The median owner-occupied home value in Clay, Pennsylvania is $265,300, against $279,400 across Lancaster County.
Is it cheaper to rent or buy in Clay?
Median gross rent in Clay is $916 a month, against $2,248 to own the median home all in. Renting 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 Pennsylvania.
- 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.