Clay County, South Dakota home prices
Typical home $283,158 · +2.8% in a year · property tax 1.26%
The typical home in Clay County is worth $283,158, 11% less than the South Dakota typical home ($317,874). Values changed +2.8% in the past year and +36.1% over five years. Homeowners here pay a median 1.26% of their home's value in property tax each year ($3,580 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 | $56,632 | $226,527 | $1,524 | $0 | $440 | $1,964 | $84,200 |
| 10% down | $28,316 | $254,842 | $1,714 | $106 | $440 | $2,260 | $96,900 |
| 5% down | $14,158 | $269,000 | $1,810 | $112 | $440 | $2,362 | $101,200 |
| 3.5% down (FHA) | $9,911 | $278,029 | $1,870 | $125 | $440 | $2,435 | $104,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.26% 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 South Dakota · part of the Vermillion metro area.
South Dakota counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Fall River County | $279,704 | +0.0% | 1% |
| Yankton County | $279,512 | +2.4% | 1.06% |
| Charles Mix County | $288,274 | +8.6% | 1.1% |
| McCook County | $290,879 | +5.1% | 1.06% |
| Turner County | $292,101 | -3.5% | 0.98% |
| Hughes County | $293,735 | +3.0% | 1.1% |
| Sully County | $271,237 | -0.2% | 0.83% |
| Deuel County | $298,508 | +6.2% | 0.82% |
| Day County | $264,912 | +6.3% | 0.98% |
| Stanley County | $302,274 | +0.8% | 1.32% |
Frequently asked questions
What is the average home price in Clay County, SD?
The typical home value in Clay County is $283,158 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Clay County?
About $84,200 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 1.26% of home value a year (Census ACS 2024 5-year estimates).