Clay County, Mississippi home prices
Typical home $162,116 · +5.2% in a year · property tax 0.63%
The typical home in Clay County is worth $162,116, 17% less than the Mississippi typical home ($194,531). Values changed +5.2% in the past year and +4.7% over five years. Homeowners here pay a median 0.63% of their home's value in property tax each year ($1,017 on the typical home), versus 0.65% 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 | $32,423 | $129,693 | $872 | $0 | $166 | $1,038 | $44,500 |
| 10% down | $16,212 | $145,904 | $982 | $61 | $166 | $1,208 | $51,800 |
| 5% down | $8,106 | $154,010 | $1,036 | $64 | $166 | $1,266 | $54,300 |
| 3.5% down (FHA) | $5,674 | $159,180 | $1,071 | $72 | $166 | $1,308 | $56,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.63% 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 Mississippi.
Mississippi counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Smith County | $162,160 | -3.1% | 0.42% |
| Perry County | $161,668 | +15.4% | 0.62% |
| Tunica County | $161,344 | +5.3% | 0.53% |
| Leake County | $163,401 | +7.0% | 0.67% |
| Itawamba County | $159,400 | +12.7% | 0.59% |
| Simpson County | $159,366 | -0.4% | 0.61% |
| Monroe County | $164,938 | +0.9% | 0.7% |
| Yalobusha County | $159,015 | +2.9% | 0.66% |
| Greene County | $157,923 | +14.8% | 0.85% |
| Lincoln County | $167,175 | +1.5% | 0.7% |
Frequently asked questions
What is the average home price in Clay County, MS?
The typical home value in Clay County is $162,116 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Clay County?
About $44,500 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 0.63% of home value a year (Census ACS 2024 5-year estimates).