Clay County, Indiana home prices
Typical home $182,911 · +2.6% in a year · property tax 0.41%
The typical home in Clay County is worth $182,911, 29% less than the Indiana typical home ($257,165). Values changed +2.6% in the past year and +31.2% over five years. Homeowners here pay a median 0.41% of their home's value in property tax each year ($750 on the typical home), versus 0.74% 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 | $36,582 | $146,329 | $984 | $0 | $154 | $1,138 | $48,800 |
| 10% down | $18,291 | $164,620 | $1,107 | $69 | $154 | $1,330 | $57,000 |
| 5% down | $9,146 | $173,766 | $1,169 | $72 | $154 | $1,395 | $59,800 |
| 3.5% down (FHA) | $6,402 | $179,598 | $1,208 | $81 | $154 | $1,443 | $61,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.41% 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 Indiana · part of the Terre Haute metro area.
Indiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Orange County | $184,439 | +4.0% | 0.58% |
| Pike County | $180,815 | +8.5% | 0.78% |
| Madison County | $187,876 | +2.9% | 0.74% |
| Perry County | $188,788 | +2.8% | 0.68% |
| Henry County | $190,219 | +2.6% | 0.73% |
| Pulaski County | $190,877 | +7.4% | 0.45% |
| Howard County | $190,881 | +4.4% | 0.72% |
| Wabash County | $191,091 | +4.8% | 0.52% |
| Fountain County | $191,904 | +4.4% | 0.59% |
| Wayne County | $173,653 | +6.5% | 0.81% |
Frequently asked questions
What is the average home price in Clay County, IN?
The typical home value in Clay County is $182,911 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Clay County?
About $48,800 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 0.41% of home value a year (Census ACS 2024 5-year estimates).