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Clay County Housing Market

Minnesota · 87 counties · Ranked #2402 in home value

Below National Avg

Housing at a Glance

Median Home Value

$256,000

vs national$256,000 vs $281,900 national

Median Gross Rent

$1,000/mo

vs national$1,000 vs $1,163 national

Effective Tax Rate

1.11%

vs national+1.11% vs 1.02% national

Median Household Income

$77,664

vs national+$77,664 vs $74,755 national

Affordability Ratio

3.3x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

31.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,854

Tax as % of Home Value

1.11%

Monthly Owner Cost

$1,376

Renter Income

$38,040

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Frequently Asked Questions

What is the median home value in Clay County?

The median home value in Clay County is $256,000. This is below the national median of $281,900.

How much is rent in Clay County?

The median gross rent in Clay County is $1,000 per month.

What is the property tax rate in Clay County?

The effective property tax rate in Clay County is 1.11%. The median annual property tax bill is $2,854.

Is Clay County affordable?

With a home-value-to-income ratio of 3.3x, Clay County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.