Clay County, Alabama Housing Market Prices
Clay County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 70% below the Alabama median Cheaper than 91% of counties in Alabama$47,380
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Median rent 39% below the Alabama median Cheaper than 92% of counties in Alabama$618
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Clay County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $47,380 | $160,474 | $248,835 |
| Price Trend (Annual %) | 37.4% | 6.3% | 7.5% |
| Median Gross Rent | $618 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clay County is about 70% lower than in Alabama. Rent is about 39% lower than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Clay County, up about 37.4% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Clay County rose about 37.0% between 2015 and 2024, from $451 to $618. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Clay County.
Buying the median-priced home in Clay County costs roughly 6.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Clay County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Clay County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $47,380 | $160,474 | $248,835 |
| Median Household Income | $55,445 | $64,544 | $80,455 |
| Price-to-Income Ratio | 0.9 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Clay County fell about 32.0%, while median household income rose about 41.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Clay County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.1% | 60.0% | 58.5% |
| Rental Rate | 16.8% | 25.5% | 31.2% |
| Vacancy Rate | 18.1% | 14.5% | 10.2% |
| Median Tenure (years) | 20.0 | 16.0 | 15.0 |
| Median Year Moved In | 2006 | 2010 | 2011 |
Clay County has a homeownership rate of 65.1%, higher than the Alabama average of 60.0%. Its housing vacancy rate is 18.1%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Clay County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1982 | 1985 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Clay County was built around 1982. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 20.0 years on average.
Clay County, AL Housing Compared With Nearby Counties
Clay County, AL is the smallest of the 5 counties compared here, 14,192 residents against a local median of 60,979. The measure that sets Clay County, AL apart most is median home price: $47,380, 75% below the local median of $188,030.
Median rent tells the same story from another angle: $618 against a local median of $775, 20% below it. The counties themselves spread $106,352 on median home price, so Clay County, AL sits at one end of an already wide local range rather than apart from it. Clay County, AL has the 5th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Clay County, AL | 14,192 | $47,380 #5/5 | $618 #5/5 | 79.4% #1/5 |
| Talladega County, AL | 81,021 | $198,717 | $784 | 72.0% |
| Randolph County, AL | 22,510 | $238,792 | $708 | 77.2% |
| Tallapoosa County, AL | 40,938 | $177,344 | $765 | 76.1% |
| Calhoun County, AL | 116,090 | $132,440 | $826 | 70.3% |
Frequently Asked Questions
Common questions about the housing market in Clay County, Alabama.
What is the median home price in Clay County, Alabama?
The median home price in Clay County, Alabama is $47,380, lower than the Alabama average of $160,474.
What is the average home price in Clay County, Alabama?
The typical home price in Clay County, Alabama, reported as the median sale price, is $47,380. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Clay County, Alabama?
The median gross rent in Clay County, Alabama is $618 per month, lower than the Alabama average of $1,007.
What was the median gross rent in Clay County in 2020?
In 2020, the median gross rent in Clay County, Alabama was $481 per month.
What is the price-to-rent ratio in Clay County, Alabama?
The price-to-rent ratio in Clay County, Alabama is about 6.4, meaning it would take roughly 6.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Clay County.
Are home prices or rent rising faster in Clay County, Alabama?
Both home prices and rent are rising in Clay County, up about 37.4% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clay County, Alabama?
65.1% of households in Clay County, Alabama own their home, higher than the Alabama average of 60.0%.
What is the vacancy rate in Clay County, Alabama?
The housing vacancy rate in Clay County, Alabama is 18.1%, higher than the Alabama average of 14.5%.
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