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Clay City, IN

Full City Profile · Indiana · Clay County County

3.1 /5.0
B Good
1,186 Population 2,196/sq mi density
$68,036 Median Income $24,396 per capita
$86,700 Home Value $169,945 Zillow
$706 Median Rent 23.2% income on rent
54°F Avg Temperature 293 sunny days/yr
56 Violent Crime/100K 3,887 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$68,036 median income, 1.6% unemployment
A+
Affordability
5.0 / 5.0
$86,700 home value, $706/mo rent
F
Safety
1.0 / 5.0
56 violent crimes/100K
C
Education
2.1 / 5.0
13.9% bachelor's degree or higher

Housing Overview

Median Home Value
$86,700
69% below
US avg: $281,900
Median Rent
$706/mo
39% below
US avg: $1,163/mo
Homeownership Rate
63.4%
3% below US avg (65.4%)
Total Housing Units
590
Median year built: 1942

Home Value by Source

Census Median
$86,700
Zillow (ZHVI)
$169,945
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

63.4%
Owner-Occupied
36.6%
Renter-Occupied
63%
37%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$859/mo
1 Bedroom
$864/mo
2 Bedroom
$1,094/mo
3 Bedroom
$1,312/mo
4 Bedroom
$1,535/mo
Census median rent: $706/mo

Affordability & Housing Stock

Rent Burden
23.2%
of renters spending 30%+ of income on housing
25% below US avg (31.0%)
Median Year Built
1942
Average age of housing stock: 84 years
Homeownership Rate
63.4%

Complete Housing Data

Home Values

Census Median Value$86,700
Zillow Home Value (ZHVI)$169,945

Rent

Census Median Rent$706
FMR Studio$859
FMR 1-Bedroom$864
FMR 2-Bedroom$1,094
FMR 3-Bedroom$1,312
FMR 4-Bedroom$1,535

Market

Ownership & Stock

Owner-Occupied63.4%
Renter-Occupied36.6%
Homeownership Rate63.4%
Total Housing Units590
Median Year Built1942
Rent Burden23.2%