Clay County, Texas 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.
-
Median home price 87% below the Texas median Cheaper than 93% of counties in Texas$34,614
-
Median rent 42% below the Texas median Cheaper than 77% of counties in Texas$811
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Clay County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $34,614 | $258,873 | $248,835 |
| Price Trend (Annual %) | 21.8% | 9.2% | 7.5% |
| Median Gross Rent | $811 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clay County is about 87% lower than in Texas. Rent is about 42% lower than the Texas 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 21.8% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Clay County rose about 28.9% between 2015 and 2024, from $629 to $811. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Clay County.
Buying the median-priced home in Clay County costs roughly 3.6 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 Texas is about 15.4.
| Metric | Clay County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $34,614 | $258,873 | $248,835 |
| Median Household Income | $80,953 | $78,939 | $80,455 |
| Price-to-Income Ratio | 0.4 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Clay County fell about 24.8%, while median household income rose about 39.2% 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 | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.8% | 56.7% | 58.5% |
| Rental Rate | 13.3% | 33.9% | 31.2% |
| Vacancy Rate | 16.9% | 9.4% | 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 69.8%, higher than the Texas average of 56.7%. Its housing vacancy rate is 16.9%, compared with 9.4% in Texas.
Housing Stock
| Metric | Clay County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1974 | 1990 | 1978 |
| Median Number of Rooms | 5.8 | 5.4 | 5.5 |
The typical housing unit in Clay County was built around 1974. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Clay County, TX Housing Compared With Nearby Counties
How Clay County, TX compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Clay County, TX | 10,495 | $34,614 #3/3 | $811 #3/3 | 84.0% #1/3 |
| Montague County, TX | 21,046 | $218,000 | $1,008 | 79.9% |
| Wichita County, TX | 129,995 | $118,747 | $1,006 | 61.4% |
Frequently Asked Questions
Common questions about the housing market in Clay County, Texas.
What is the median home price in Clay County, Texas?
The median home price in Clay County, Texas is $34,614, lower than the Texas average of $258,873.
What is the average home price in Clay County, Texas?
The typical home price in Clay County, Texas, reported as the median sale price, is $34,614. 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, Texas?
The median gross rent in Clay County, Texas is $811 per month, lower than the Texas average of $1,402.
What was the median gross rent in Clay County in 2020?
In 2020, the median gross rent in Clay County, Texas was $754 per month.
What is the price-to-rent ratio in Clay County, Texas?
The price-to-rent ratio in Clay County, Texas is about 3.6, meaning it would take roughly 3.6 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, Texas?
Both home prices and rent are rising in Clay County, up about 21.8% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clay County, Texas?
69.8% of households in Clay County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Clay County, Texas?
The housing vacancy rate in Clay County, Texas is 16.9%, higher than the Texas average of 9.4%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →