Clay County, Mississippi 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 35% below the Mississippi median$85,000
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Median rent 14% below the Mississippi median$817
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Clay County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,000 | $130,069 | $248,835 |
| Price Trend (Annual %) | 4.1% | 5.6% | 7.5% |
| Median Gross Rent | $817 | $954 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 3.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clay County is about 35% lower than in Mississippi. Rent is about 14% lower than the Mississippi 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 4.1% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Clay County rose about 23.5% between 2015 and 2024, from $662 to $817. Over the same span, rent in Mississippi rose about 33.2%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Clay County.
Buying the median-priced home in Clay County costs roughly 8.7 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 Mississippi is about 11.4.
| Metric | Clay County | Mississippi Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,000 | $130,069 | $248,835 |
| Median Household Income | $43,569 | $56,669 | $80,455 |
| Price-to-Income Ratio | 2.0 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Clay County rose about 17.4%, while median household income rose about 27.6% 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 | Mississippi Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.5% | 59.8% | 58.5% |
| Rental Rate | 24.7% | 25.6% | 31.2% |
| Vacancy Rate | 13.8% | 14.6% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Clay County has a homeownership rate of 61.5%, higher than the Mississippi average of 59.8%. Its housing vacancy rate is 13.8%, compared with 14.6% in Mississippi.
Housing Stock
| Metric | Clay County | Mississippi Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.32 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1986 | 1986 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Clay County was built around 1986. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Clay County, MS Housing Compared With Nearby Counties
Clay County, MS is the smallest of the 4 counties compared here, 18,383 residents against a local median of 51,791. Clay County, MS's median home price, at $85,000, runs 36% below the $132,386 typical of the counties around it.
Homeownership tells the same story from another angle: 71.3% against a local median of 61.3%, 16% above it. The one measure here that carries a verdict is homeownership, and at 16% above the local median it puts Clay County, MS at the better end of the local range. The counties themselves spread $208,125 on median home price, so Clay County, MS sits at one end of an already wide local range rather than apart from it. Clay County, MS has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Clay County, MS | 18,383 | $85,000 #3/4 | $817 #3/4 | 71.3% #2/4 |
| Oktibbeha County, MS | 51,791 | $7,499 | $915 | 48.0% |
| Monroe County, MS | 33,747 | $215,625 | $768 | 76.3% |
| Lowndes County, MS | 57,838 | $132,386 | $930 | 61.3% |
Frequently Asked Questions
Common questions about the housing market in Clay County, Mississippi.
What is the median home price in Clay County, Mississippi?
The median home price in Clay County, Mississippi is $85,000, lower than the Mississippi average of $130,069.
What is the average home price in Clay County, Mississippi?
The typical home price in Clay County, Mississippi, reported as the median sale price, is $85,000. 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, Mississippi?
The median gross rent in Clay County, Mississippi is $817 per month, lower than the Mississippi average of $954.
What was the median gross rent in Clay County in 2020?
In 2020, the median gross rent in Clay County, Mississippi was $680 per month.
What is the price-to-rent ratio in Clay County, Mississippi?
The price-to-rent ratio in Clay County, Mississippi is about 8.7, meaning it would take roughly 8.7 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, Mississippi?
Both home prices and rent are rising in Clay County, up about 4.1% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clay County, Mississippi?
61.5% of households in Clay County, Mississippi own their home, higher than the Mississippi average of 59.8%.
What is the vacancy rate in Clay County, Mississippi?
The housing vacancy rate in Clay County, Mississippi is 13.8%, lower than the Mississippi average of 14.6%.
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