Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$106,056+4.5% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 11% have cut their price
Income needed to buy, per year$22,991About 0.4× the local median income ($62,117): affordable for a typical household
Days on market41 daysFaster than a year ago: sellers have the edge
The typical home in Clay County, IL is worth $106,056, up 4.5% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $110,631, so the area is 4.1% undervalued. It is a seller's market: homes take about 41 days to sell, listings are down 45% from a year ago, 11% of listings have had a price cut. A household needs about $22,991 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $62,117. In the latest IRS figures, 15 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$106,056
Change in 1 year
+4.5%
Overvalued %
−4.1%
Show 6 more
Fair home value
$110,631
Change in 5 years
+14.6%
Home value to income
1.7×
Monthly mortgage payment (20% down)
$575
Income needed to afford it
$22,991
Property tax rate
1.43%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$930
Market activity
Listings vs a year ago
−45.2%
Days on market
41
Listings with a price cut
10.8%
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Homes for sale
17
Pending sales per 100 listings
106
Asking price per sq ft
$64
People and jobs
Median household income
$62,117
Population change (1 year)
−0.4%
Unemployment rate
4.8%
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Population
12,793
Income adjusted for cost of living
$71,072
Net moves in (IRS)
+15
Cost of living (US = 100)
87.4
Schools, risk and environment
School rating (1 to 10)
6.2
FEMA hazard risk score (0 to 100)
41.1
Flood risk score
38.9
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Wildfire risk score
5.3
Walkability (1 to 20)
5.8
Road, rail and air noise
54 dB
Questions people ask
Is Clay County, IL overvalued?
Home prices in Clay County, IL are slightly below what local incomes have historically supported: fair value is about $110,631, so the area is 4.1% undervalued.
Is Clay County, IL a buyer's or seller's market?
Clay County, IL is a seller's market: homes take about 41 days to sell, listings are down 45% from a year ago, 11% of listings have had a price cut.
Are home prices going down in Clay County, IL?
Home values in Clay County, IL are up 4.5% over the last year.
How much do you need to earn to buy a home in Clay County, IL?
A household needs about $22,991 a year to afford the typical home in Clay County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $62,117.