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County in Kentucky

Clay County, Kentucky

Clay County is a county in Kentucky with 19,921 residents, No. 59 of 120 by population. In Clay County, the FHA loan limit for a one-unit home is $541,287, and a typical home is worth $90,700. To rent a 2-bedroom apartment at Fair Market Rent ($909 a month) without going over 30% of your income, you need to earn about $17.48 an hour.

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  • Typical home price

    $90,700

    −56% vs. Kentucky −73% vs. U.S.

    Half of owner-occupied homes are worth more and half are worth less.

    • Clay
    • Kentucky
    • United States

    Source: U.S. Census Bureau, Average 2020–2024

  • Fair market rent, 2 bedrooms

    $909 a month

    −21% vs. Kentucky −48% vs. U.S.

    HUD's reference rent for a two-bedroom apartment, with basic utilities.

    • Clay
    • Kentucky
    • United States

    Source: HUD, Fiscal year 2027

  • FHA limit 2026, 1 unit

    $541,287

    FHA national floor limit

    The most you can borrow with an FHA loan for a one-unit home here.

    • Clay
    • Floor
    • Ceiling

    Source: HUD, 2026 data

  • Property tax

    0.70% of value per year

    −7% vs. Kentucky −26% vs. U.S.

    $634 a year for the typical owner

    • Clay
    • Kentucky
    • United States

    Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$107,909
10.7% less than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Data from October 2026

In short

What is housing like in Clay County today?

With an FHA loan and the minimum down payment, a typical home would cost about $734 a month: 22% of the typical household income here. The typical home value is 56% less than in Kentucky overall. 76% of households own their home, more than in Kentucky (68%). The typical property tax is $634 a year (about 0.7% of home value), lower than in Kentucky.

65% of renter households spend 30% or more of their income on housing, more than in Kentucky (45%).

Sources: U.S. Census Bureau (Average 2020–2024).

Only here

What sets Clay County apart

  1. Clay County has the largest share of rent-burdened renters of the 112 counties in Kentucky with this figure: 65%.

  2. According to Zillow, in the 12 months to September 2026 the typical home value in Clay County fell 10.7%; in Kentucky, it barely changed.

  3. Nearby, in Leslie County, the typical home value is $69,000: 24% less than in Clay County ($90,700).

  4. Among the neighboring counties, Leslie County has the lowest typical rent ($585), 19% below the $724 in Clay County.

  5. 12% of homes in Clay County (910) are in FEMA's high-risk flood zone, and only 5% of those carry NFIP flood insurance.

  6. From 2020 to 2025, home prices in Clay County rose 51% on FHFA's index, about the same as in Kentucky (50%).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data); FEMA (As of August 3, 2026); FHFA (2025 data). Zillow data

The homes here

Housing in Clay County

What homes there are in Clay County, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Clay County (62%), but less so than in Kentucky (68%).

In Clay County there are many mobile homes: 31% of homes; in Kentucky, 11%.

Year built

Here half of the homes date from 1989 or later; in Kentucky, from 1982 or later.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

HUD's 2-bedroom fair market rent (FMR) for this county is $909; about 77% of rents in Clay County are below it.

With a mortgage

$978 a month

Kentucky: $1,433 a month

Without a mortgage

$367 a month

Kentucky: $469 a month

Owners with a mortgage

33%

Kentucky: 56%

Owning costs less in Clay County: with a mortgage, the typical cost is $978 a month; in Kentucky, $1,433. Without one, $367.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Clay County rose 68% since 2015–2019, more than in Kentucky (46%).

Since 2015–2019, the typical rent in Clay County rose 36%, more than in Kentucky (27%).

While home values in Clay County changed +68% and rent +36%, the typical household income rose 52%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureClay CountyKentuckyUnited States
Rental vacancy Unreliable estimate4.6%5.5%
Homeowner vacancy Unreliable estimate0.9%0.9%
More than one person per room Unreliable estimate2.0%3.4%
People per household 2.522.432.53
Drive alone 76%77%69%
Carpool 11%9%9%
Public transit Unreliable estimate1%3%
Walk or bike Unreliable estimate2%3%
Work from home 9%10%15%
Other means Unreliable estimate1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes

A household in Clay County has 2.52 people on average, about the same as in Kentucky (2.43).

To get to work, 76% of workers in Clay County drive alone; in Kentucky, 77%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month in Clay County?

A typical home is within reach of the typical income

We start with a typical home of $90,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 22% of the typical household income here, which is $40,900 a year.

Your numbers

Local data
$

Starts at the typical home value in Clay County. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $3,175 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$734

at 7.18% · 30 years

Loan amount
$89,057
Total interest
$128,132
Paid off in
November 2056

Includes $1,532 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $954 a month

    Your payment · 22%

  • Tight

    $954 to $1,227 a month

  • Hard

    more than $1,227 a month

Compared with the typical household income in Clay County ($40,900 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$734
Principal & interest$603
Property tax$53
Home insurance$38
FHA mortgage insurance (MIP)$40

You need at least $3,175 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

Buying a home

Buying a home in Clay County

Here you'll see how prices have changed, how Clay County compares with Kentucky and the country, and what you'd pay each month with four kinds of loans.

How have home prices changed?

According to the FHFA House Price Index, home prices in Clay County rose 72% in the 10 years through 2025. FHFA's index follows the price of the same homes over the years.

Period Here Kentucky United States
In 2025 −4.1% +3.9% +2.9%
5 years (2020–2025) +51% +50% +47%
10 years (2015–2025) +72% +84% +85%
See each year's change

The index follows the prices of the same homes over time (sales and appraisals on loans bought or guaranteed by Fannie Mae and Freddie Mac). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Clay County compared with Kentucky and the United States

Home value, rent and household income, side by side. "Typical" is the median: half are above it and half below.

Typical home value
  • Clay $90,700
  • Kentucky $205,600
  • United States $332,700
Typical rent a month
  • Clay $724
  • Kentucky $967
  • United States $1,413
Typical household income a year
  • Clay $40,900
  • Kentucky $63,726
  • United States $80,734
See the full table
Clay compared with Kentucky and the United States
MeasureHereKentuckyU.S.
Residents19,9214,534,824334,922,499
Typical home value$90,700$205,600$332,700
Typical household income$40,900$63,726$80,734
Typical rent$724$967$1,413
Fair Market Rent (2 bedrooms)$909$1,155$1,750
Hourly wage to rent a 2-bedroom$17.48$22.21$33.65
Typical property tax$634$1,544$3,119
Effective tax rate0.7%0.75%0.94%
Households that own their home76%68%65%
Renters spending 30% or more on rent65%45%51%
FHA limit (1 unit)*$541,287$541,287$541,287

FHA limit: Kentucky shows the median of its counties; the United States, the national floor. Download CSV

Four ways to pay for a typical home in Clay County

For a typical $90,700 home at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, the county's property tax, an example homeowners insurance and mortgage insurance when it applies.

Loan Monthly payment Down payment Loan amount Rate Mortgage insurance Cash to close Minimum score
FHA, 3.5% down $734 $3,175 $89,057 7.18% FHA MIP · $40 $5,896 580
Conventional, 5% down $717 $4,535 $86,165 7.18% PMI · $43 $7,256 620*
Conventional, 20% down, no PMI $582 $18,140 $72,560 7.18% None $20,861 620*
ITIN, 15% down (example) $666 $13,605 $77,095 8.18% None $16,326 Set by the lender
  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Closing costs

Loan limits

FHA loans in Clay County use the national floor limit: it isn't a high-cost area. If the loan you need is above these amounts, it doesn't fit FHA or it becomes a "jumbo" loan.

VA loans. If you have full VA entitlement, VA doesn't cap the loan amount. If you've used part of your entitlement, the calculation uses the county limit ($832,750 for one unit). VA loan limits (va.gov)

USDA loans. They're for homes in eligible rural areas and households with incomes within USDA's limit. Check whether the address and your income qualify on the official site. USDA eligibility (usda.gov)

Home type FHA limit Conforming limit
1 unit $541,287 $832,750
2 units $693,050 $1,066,250
3 units $837,700 $1,288,800
4 units $1,041,125 $1,601,750

Source: HUD, 2026 data · Source: FHFA, 2026 data

Taxes and risks

Property tax and flooding in Clay County

Two costs that change a lot from place to place and that a house payment does include: property tax and, in risk zones, flood insurance.

Property tax

In Clay County, the typical owner pays $634 a year: about 0.70% of the home's value. That is less than the rest of Kentucky and less than the national average.

  • Clay 0.70%
  • Kentucky 0.75%
  • United States 0.94%

What Kentucky publishes Homestead exemption for owners 65 or older or totally disabled (Kentucky Department of Revenue)

Exemptions and deadlines in Kentucky

Is there a flood risk?

According to FEMA, in Clay County 12% of homes (910) are in a high-risk flood zone. Of those homes, 5.4% have NFIP flood insurance.

  • A high-risk zone (Special Flood Hazard Area) has a 1% or greater chance of flooding each year. (44 CFR 59.1)
  • If the home is in that zone and the loan comes from a regulated lender, federal law requires flood insurance for the life of the loan, in communities that take part in the NFIP. (42 U.S.C. 4012a)
  • Most homeowners insurance does not cover flood damage. (FEMA, FloodSmart)

Source: FEMA, As of August 3, 2026

Look up your address on FEMA’s map

Owning a home here

Owning a home in Clay County

The natural hazards FEMA measures in Clay County, a maintenance plan for your climate and what the trades earn in your area.

Risks to your home

FEMA, National Risk Index 1.20.0 (December 2025)

According to FEMA, the natural hazard risk in Clay County is relatively low.

To rate it, FEMA weighs the expected loss with social vulnerability and community resilience.

The loss FEMA expects each year in Clay County from all natural hazards is $15.8 million, counting buildings, people and crops.

Of all the hazards, FEMA expects inland flooding to do the most damage to buildings: about $10.4 million a year.

Loss FEMA expects each year to homes and buildings, by hazard
  1. Inland floodingRelatively moderate $10.4 million a year
  2. WildfireRelatively low $316,999 a year
  3. TornadoRelatively low $166,926 a year
  4. EarthquakeVery low $81,682 a year
  5. HurricaneVery low $12,613 a year

What it means for your home

The ratings are FEMA's own. FEMA says its data is meant for planning and does not replace a local study. Drought is not shown: FEMA counts its loss in crops only.

National Risk Index, version 1.20.0 (December 2025), retrieved November 6, 2026

FEMA notice: This product uses the Federal Emergency Management Agency's National Risk Index dataset API or downloadable datasets but is not endorsed by FEMA. The Federal Government or FEMA cannot vouch for the data or analyses derived from these data after the data have been retrieved from the Agency's website(s).

Climate and upkeep

Department of Energy (PNNL), 2021 IECC zones

The home energy code (IECC) puts Clay County in zone 4A: mixed and humid.

The zone's number says how hot or cold it gets; the letter says how humid: A is moist, B is dry and C is marine.

  • Spring

    • Book the air conditioner's check-up before the heat: ENERGY STAR advises checking the cooling system in the spring, because contractors get busy once summer comes. ENERGY STAR (EPA)
    • Clean and repair the roof gutters. EPA

  • Summer

    • Keep indoor humidity below 60 % (ideally between 30 % and 50 %). A humidity meter is inexpensive and sold at hardware stores. EPA
    • Keep the air conditioner's drip pan clean and its drain line flowing: a plugged drain can cause water damage in the house. ENERGY STAR (EPA)

  • Fall

    • Book the heating check-up in the fall. If it runs on gas or oil, the technician should check the connections: faulty ones are a fire hazard. ENERGY STAR (EPA)
    • Look for drafts at windows and doors: close the window on a piece of paper; if it moves back and forth easily, it needs thicker weather stripping. ENERGY STAR (EPA)

  • Winter

    • Get the house ready for the cold with insulation, caulking and weather stripping, and learn how to keep pipes from freezing. Ready.gov (FEMA)
    • Seal the air ducts that run through the attic, crawlspace, basement or garage with duct mastic or foil tape, then wrap them in insulation. ENERGY STAR (EPA)

All year

  • Check the air filter every month, especially in heavy-use months. If it looks dirty, change it; change it at least every 3 months. ENERGY STAR (EPA)
  • Test the smoke alarms every month and replace their batteries at least once a year. USFA (FEMA)

Each task comes from the official page beside it. The spring air-conditioning and fall heating check-ups are the timing ENERGY STAR advises; the rest is a suggested order.

Climate zones by county, 2021 IECC

What the trades charge here

BLS, wages for May 2025

TradeTypical hourly wage8 in 10 earn between
Electricians$28.28$16.63 and $37.80
Plumbers, pipefitters and steamfitters$27.27$17.89 and $41.35
Heating, air conditioning and refrigeration mechanics$26.83$17.65 and $38.48
Carpenters$22.49$16.88 and $33.86
Maintenance and repair workers, general$17.92$13.01 and $28.29

According to BLS, an electrician earns about $28.28 an hour in the East Kentucky nonmetropolitan area; a plumber, about $27.27.

These are workers' hourly wages, not the price of a job.

BLS publishes no wages for roofers and painters in this area.

Need help paying for a repair?

Renting

Renting in Clay County

The typical rent in Clay County is $724 a month. HUD also publishes a “fair market rent” by unit size: it's the one programs like Section 8 use.

65% of renter households in Clay County spend 30% or more of their income on housing. 40% spend half or more.

Fair market rent by size

To pay the fair market rent without spending more than 30% of income, working full time (40 hours a week).

Size Fair rent a month Hourly wage Income needed per year
Studio $650 $12.50 $26,000
1 bedroom $835 $16.06 $33,400
2 bedrooms $909 $17.48 $36,360
3 bedrooms $1,254 $24.12 $50,160
4 bedrooms $1,270 $24.42 $50,800

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

Free help in Clay County

Programs and counseling in Clay County

We didn't find HUD-approved agencies with an office in this county. This is the nearest one; many serve by phone or online.

Official programs for the down payment and loans for buyers. Check which ones you might qualify for with your income and your county.

A mother holding her baby watches her daughter blow bubbles outdoors.

HUD counseling is free or low-cost

Kentucky down payment programs

  1. KHC Down Payment Assistance (DPA)

    Kentucky state corporation loan of up to $12,500 for the down payment and closing costs, repaid over 15 years as a second loan, for buyers who take a KHC mortgage

    The source does not say whether you must be a first-time buyer. Run by Kentucky Housing Corporation (KHC).

    Repayable Verified November 5, 2026

Which programs do I qualify for? See all Kentucky programs

Help in Spanish in Clay County

None of the 1 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Public housing agencies

They run public housing and Section 8 vouchers (Housing Choice Vouchers) in this county.

Free legal help

If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.

Find legal aid (lsc.gov)

Housing counseling nearby

These are the nearest agencies, with the distance in miles. Many help by phone or online. Official HUD list. Confirm hours and fees with the agency before you go.

  • Kceoc Community Action Partnership, Inc.

    5448 N US Highway 25E, Gray · 21 miles away

    • Budget and financial counseling
    • Home improvement and repairs
    • and 6 more
    (606) 546-3152
See every agency in Kentucky

Places

Cities in Clay County

This site has no city pages of Clay County. The neighboring counties are below.

Nearby counties

Each row compares its typical value, typical rent and FHA limit with Clay County.

Read next

Guides that help here

We picked them by this county's numbers: what weighs most here is what's worth understanding first.

Frequently asked questions

What is the FHA loan limit in Clay County in 2026?

Clay County has an FHA limit of $541,287 for a one-unit home. For 2 units it's $693,050, for 3 it's $837,700 and for 4 it's $1,041,125. It's the national floor limit.

What is the conforming loan limit in Clay County?

Clay County has a conforming limit of $832,750 for one-unit conventional loans in 2026. A bigger loan is a “jumbo” loan.

How much does a typical home cost in Clay County?

The typical home value in Clay County is $90,700 (Average 2020–2024, U.S. Census). Across Kentucky it's $205,600.

How much does it cost to rent in Clay County?

Clay County has a typical rent of $724 a month (Average 2020–2024, U.S. Census). HUD's fair market rent for a 2-bedroom apartment is $909 (Fiscal year 2027).

How much do you need to earn to rent a 2-bedroom apartment in Clay County?

About $17.48 an hour working full time (2,080 hours a year), or $36,360 a year, so the fair market rent of $909 stays under 30% of income.

Sources: American Community Survey (Average 2020–2024); FHA mortgage limits (2026 data); Conforming loan limits (2026 data); Fair Market Rents (Fiscal year 2027); Income Limits (Fiscal year 2026); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (As of November 5, 2026); FHFA House Price Index (2025 data); Homes with flood insurance (As of August 3, 2026); National Risk Index (2025 data); IECC climate zones by county (2021 data); Occupational Employment and Wage Statistics (2025 data); Census Bureau cartographic boundary files (2024 data).