Total monthly cost of ownership
Cost to Own a Home in Clayton, Alabama
A $82,000 home here costs
$787per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $422. The real number is $366 higher every month — 87% 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.
Clayton against Barbour County and Alabama
| Measure | Clayton | Barbour County |
|---|---|---|
| Median home value | $82,100 | $109,900 |
| Median property tax | $274 | $415 |
| Effective tax rate | 0.334% | 0.378% |
| Median gross rent | $753 | $644 |
| Population | 2,271 | 24,757 |
The weather behind that power bill
Clayton sits in Barbour County, which averages a high of 91.3°F in its hottest month and a low of 37.0°F in its coldest, with 55.64" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 2,264 cooling and 2,117 heating degree days, which is what sets the $151 electricity line above.
See the full climate breakdown for Barbour County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Barbour County
Full Barbour County cost breakdown · Every county in Alabama
Common questions
How much does it cost to own a home in Clayton?
A $82,000 home in Clayton, Alabama costs approximately $787 per month with 20% down at 6.66%. That is $422 principal and interest, $23 property tax, $56 homeowners insurance, $219 utilities and $68 set aside for maintenance.
What is the property tax rate in Clayton?
Clayton has an effective property tax rate of 0.334%, based on a median home value of $82,100 and median real estate taxes of $274. That is lower than the Barbour County average of 0.378%.
What is the average home price in Clayton?
The median owner-occupied home value in Clayton, Alabama is $82,100, against $109,900 across Barbour County.
Is it cheaper to rent or buy in Clayton?
Median gross rent in Clayton is $753 a month, against $787 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 Clayton — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Alabama.
- 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.