Clay, KY—42404
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clay, KY
Clay, KY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $133,000 | -1.5% |
| Single Family | $134,000 | -0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $61,000 | -7.6% |
3 Bed | $137,000 | 0.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Clay, KY
Clay, KY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Clay, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Clay, KY is 49. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $180,000 | 99.0% |
Listing Count | 6 | 14.0% |
| Listings as % of Homes | 0.4% | 14.0% |
Days on Market | 49 | 9.0% |
Demographics — Clay, KY
As of the latest ACS Survey released in 2023, Clay, KY has a population of 2,270, which has decreased by -14.4% over the past 5 years. Clay, KY is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 16.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,270 | -14.4% |
% Under 18 | 24.3% | 6.6% |
% Seniors | 18.3% | 4.0% |
% WFH | 1.3% | -66.7% |
% w/ College Degree | 16.0% | 72.0% |
As of the latest ACS Survey released in 2023, Clay, KY is a predominantly white area, with 94.2% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Clay, KY is hispanic, making up 4.5% of the population. Foreign-born residents account for 1.2% of the population in Clay, KY, and this percentage has decreased by 50.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.2% | -4.9% |
% Black | 0.1% | -85.7% |
% Hispanic | 4.5% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.2% | -50.0% |
Mortgage and Risk — Clay, KY
According to HUD data as of 2023, there were 16 mortgage originations in Clay, KY, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Clay, KY. Investor activity is low, as 0.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 16 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Clay, KY
Clay, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $660 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,040 |
| 4 Bedroom | N/A | N/A | $1,190 |
Affordability — Clay, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $133,000 |
| Median Household Income | $51,800 |