Clay County, Illinois home prices
Typical home $106,056 · +4.5% in a year · property tax 1.43%
The typical home in Clay County is worth $106,056, 64% less than the Illinois typical home ($295,943). Values changed +4.5% in the past year and +14.6% over five years. Homeowners here pay a median 1.43% of their home's value in property tax each year ($1,516 on the typical home), versus 1.92% statewide.
Mortgage on the typical Clay County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $21,211 | $84,845 | $571 | $0 | $179 | $750 | $32,100 |
| 10% down | $10,606 | $95,450 | $642 | $40 | $179 | $861 | $36,900 |
| 5% down | $5,303 | $100,753 | $678 | $42 | $179 | $899 | $38,500 |
| 3.5% down (FHA) | $3,712 | $104,135 | $701 | $47 | $179 | $927 | $39,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.43% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Illinois.
Illinois counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Mason County | $105,470 | +15.7% | 2.09% |
| Lawrence County | $101,917 | -7.4% | 1.18% |
| Edgar County | $110,427 | +1.0% | 1.45% |
| Vermilion County | $101,321 | +3.0% | 1.81% |
| McDonough County | $101,292 | +3.4% | 2.13% |
| Hardin County | $100,652 | +0.2% | 0.96% |
| Franklin County | $112,382 | +5.1% | 1.57% |
| Cass County | $98,765 | +2.1% | 2.02% |
| Hancock County | $115,014 | +2.5% | 1.81% |
| Pulaski County | $96,562 | -5.5% | 1.02% |
Frequently asked questions
What is the average home price in Clay County, IL?
The typical home value in Clay County is $106,056 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Clay County?
About $32,100 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Clay County?
The median effective rate is 1.43% of home value a year (Census ACS 2024 5-year estimates).