Clay County, Arkansas 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 58% below the Arkansas median Cheaper than 76% of counties in Arkansas$47,513
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Median rent 25% below the Arkansas median$707
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Clay County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $47,513 | $111,957 | $248,835 |
| Price Trend (Annual %) | 9.4% | 3.4% | 7.5% |
| Median Gross Rent | $707 | $947 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clay County is about 58% lower than in Arkansas. Rent is about 25% lower than the Arkansas 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 9.4% and 4.2% a year respectively. Home prices are changing faster.
Median rent in Clay County rose about 38.7% between 2015 and 2024, from $509 to $707. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 0.9 yearly household incomes in Clay County.
Buying the median-priced home in Clay County costs roughly 5.6 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 Arkansas is about 9.9.
| Metric | Clay County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $47,513 | $111,957 | $248,835 |
| Median Household Income | $51,698 | $60,940 | $80,455 |
| Price-to-Income Ratio | 0.9 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Clay County rose about 8.6%, while median household income rose about 56.3% 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 | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.0% | 57.4% | 58.5% |
| Rental Rate | 20.3% | 29.0% | 31.2% |
| Vacancy Rate | 19.6% | 13.5% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Clay County has a homeownership rate of 60.0%, higher than the Arkansas average of 57.4%. Its housing vacancy rate is 19.6%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Clay County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1975 | 1987 | 1978 |
| Median Number of Rooms | 5.7 | 5.5 | 5.5 |
The typical housing unit in Clay County was built around 1975. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Clay County, AR Housing Compared With Nearby Counties
Clay County, AR is the smallest of the 4 counties compared here, 14,278 residents against a local median of 46,432. The measure that sets Clay County, AR apart most is median home price: $47,513, 70% below the local median of $157,211.
Median rent tells the same story from another angle: $707 against a local median of $904, 22% below it. The one measure here that carries a verdict is homeownership, and at 20% above the local median it puts Clay County, AR at the better end of the local range. The counties themselves sit within $84,844 of each other on median home price, a tighter band than the gap between any of them and Clay County, AR, which makes it a genuine outlier here rather than one end of a wide local spread. Clay County, AR has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Clay County, AR | 14,278 | $47,513 #4/4 | $707 #3/4 | 74.7% #1/4 |
| Greene County, AR | 46,432 | $137,502 | $904 | 66.2% |
| Dunklin County, MO | 23,538 | $157,211 | $647 | 62.3% |
| Craighead County, AR | 113,245 | $222,346 | $957 | 60.1% |
Frequently Asked Questions
Common questions about the housing market in Clay County, Arkansas.
What is the median home price in Clay County, Arkansas?
The median home price in Clay County, Arkansas is $47,513, lower than the Arkansas average of $111,957.
What is the average home price in Clay County, Arkansas?
The typical home price in Clay County, Arkansas, reported as the median sale price, is $47,513. 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, Arkansas?
The median gross rent in Clay County, Arkansas is $707 per month, lower than the Arkansas average of $947.
What was the median gross rent in Clay County in 2020?
In 2020, the median gross rent in Clay County, Arkansas was $624 per month.
What is the price-to-rent ratio in Clay County, Arkansas?
The price-to-rent ratio in Clay County, Arkansas is about 5.6, meaning it would take roughly 5.6 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, Arkansas?
Both home prices and rent are rising in Clay County, up about 9.4% and 4.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clay County, Arkansas?
60.0% of households in Clay County, Arkansas own their home, higher than the Arkansas average of 57.4%.
What is the vacancy rate in Clay County, Arkansas?
The housing vacancy rate in Clay County, Arkansas is 19.6%, higher than the Arkansas average of 13.5%.
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