Clay County, Tennessee home prices
Typical home $209,475 · +5.6% in a year · property tax 0.56%
The typical home in Clay County is worth $209,475, 37% less than the Tennessee typical home ($330,844). Values changed +5.6% in the past year and +32.9% over five years. Homeowners here pay a median 0.56% of their home's value in property tax each year ($1,181 on the typical home), versus 0.46% 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 | $41,895 | $167,580 | $1,127 | $0 | $203 | $1,330 | $57,000 |
| 10% down | $20,947 | $188,527 | $1,268 | $79 | $203 | $1,550 | $66,400 |
| 5% down | $10,474 | $199,001 | $1,339 | $83 | $203 | $1,625 | $69,600 |
| 3.5% down (FHA) | $7,332 | $205,680 | $1,384 | $93 | $203 | $1,679 | $72,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.56% 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 Tennessee.
Tennessee counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Morgan County | $210,307 | +4.4% | 0.52% |
| Hardin County | $207,630 | +2.4% | 0.41% |
| Grundy County | $206,810 | +3.1% | 0.38% |
| Henderson County | $213,136 | +7.2% | 0.48% |
| Shelby County | $215,732 | -1.2% | 0.98% |
| Henry County | $221,770 | +6.7% | 0.44% |
| Madison County | $222,721 | -1.1% | 0.56% |
| Claiborne County | $223,829 | +3.7% | 0.49% |
| Jackson County | $225,655 | +3.2% | 0.46% |
| Scott County | $191,085 | +5.6% | 0.51% |
Frequently asked questions
What is the average home price in Clay County, TN?
The typical home value in Clay County is $209,475 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Clay County?
About $57,000 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 0.56% of home value a year (Census ACS 2024 5-year estimates).