Clay County, Minnesota home prices
Typical home $303,991 · +2.5% in a year · property tax 1.13%
The typical home in Clay County is worth $303,991, 13% less than the Minnesota typical home ($348,778). Values changed +2.5% in the past year and +18.0% over five years. Homeowners here pay a median 1.13% of their home's value in property tax each year ($3,450 on the typical home), versus 1.04% 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 | $60,798 | $243,193 | $1,636 | $0 | $439 | $2,075 | $88,900 |
| 10% down | $30,399 | $273,592 | $1,840 | $114 | $439 | $2,394 | $102,600 |
| 5% down | $15,200 | $288,791 | $1,943 | $120 | $439 | $2,503 | $107,300 |
| 3.5% down (FHA) | $10,640 | $298,485 | $2,008 | $134 | $439 | $2,582 | $110,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.13% 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 Minnesota · part of the Fargo metro area.
Minnesota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Blue Earth County | $301,642 | +2.1% | 0.98% |
| Carlton County | $298,854 | +4.2% | 1.17% |
| Mille Lacs County | $309,263 | +1.5% | 1.04% |
| Stearns County | $310,038 | +2.4% | 1% |
| Sibley County | $297,792 | +5.9% | 1.1% |
| McLeod County | $297,246 | +2.3% | 1.15% |
| Nicollet County | $312,313 | +3.0% | 1.13% |
| Meeker County | $295,300 | +5.8% | 0.9% |
| Morrison County | $312,773 | +3.3% | 0.88% |
| Benton County | $313,228 | +2.8% | 0.98% |
Frequently asked questions
What is the average home price in Clay County, MN?
The typical home value in Clay County is $303,991 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Clay County?
About $88,900 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 1.13% of home value a year (Census ACS 2024 5-year estimates).