Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$283,158+2.8% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$61,383About 1.0× the local median income ($59,556): a stretch for a typical household
Days on market79 daysSlower than a year ago: buyers have time to negotiate
The typical home in Clay County, SD is worth $283,158, up 2.8% from a year ago. That is well above what local incomes have historically supported: fair value is about $248,245, so the area is 14.1% overvalued. It is a buyer's market: homes take about 79 days to sell, listings are up 100% from a year ago, 19% of listings have had a price cut. A household needs about $61,383 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 $59,556. In the latest IRS figures, 55 more people moved out than in.
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
$283,158
Change in 1 year
+2.8%
Overvalued %
+14.1%
Show 6 more
Fair home value
$248,245
Change in 5 years
+36.1%
Home value to income
4.8×
Monthly mortgage payment (20% down)
$1,535
Income needed to afford it
$61,383
Property tax rate
1.26%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,022
Market activity
Listings vs a year ago
+100.0%
Days on market
79
Listings with a price cut
18.6%
Show 3 more
Homes for sale
56
Pending sales per 100 listings
11
Asking price per sq ft
$168
People and jobs
Median household income
$59,556
Population change (1 year)
−1.1%
Unemployment rate
7.0%
Show 4 more
Population
15,031
Income adjusted for cost of living
$68,692
Net moves in (IRS)
−55
Cost of living (US = 100)
86.7
Schools, risk and environment
School rating (1 to 10)
5.9
FEMA hazard risk score (0 to 100)
20.5
Unhealthy air days a year
2
Show 4 more
Flood risk score
28.7
Wildfire risk score
41.7
Walkability (1 to 20)
6.9
Road, rail and air noise
53 dB
Questions people ask
Is Clay County, SD overvalued?
Home prices in Clay County, SD are well above what local incomes have historically supported: fair value is about $248,245, so the area is 14.1% overvalued.
Is Clay County, SD a buyer's or seller's market?
Clay County, SD is a buyer's market: homes take about 79 days to sell, listings are up 100% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Clay County, SD?
Home values in Clay County, SD are up 2.8% over the last year.
How much do you need to earn to buy a home in Clay County, SD?
A household needs about $61,383 a year to afford the typical home in Clay County, SD at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $59,556.