Clay City, IN—47841
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clay City, IN
As of Oct '25, the median home price in Clay City, IN is $164,000, with a year-over-year change of -0.8%. This indicates that home prices in Clay City, IN are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $164,000 | -0.8% |
| Single Family | $165,000 | -1.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $123,000 | -2.4% |
3 Bed | $191,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Clay City, IN
Clay City, IN 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 City, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Clay City, IN is 111. This is a increase of 510.0% 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 | $189,000 | -19.0% |
Listing Count | 7 | 150.0% |
| Listings as % of Homes | 0.2% | 150.0% |
Days on Market | 111 | 510.0% |
Demographics — Clay City, IN
As of the latest ACS Survey released in 2023, Clay City, IN has a population of 2,550, which has increased by 12.7% over the past 5 years. Clay City, IN is a popular place for families, as children make up 25.8% of the population. The area has a poorly educated workforce, with 14.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,550 | 12.7% |
% Under 18 | 25.8% | 13.2% |
% Seniors | 18.0% | -8.2% |
% WFH | 6.9% | 475.0% |
% w/ College Degree | 14.4% | -5.3% |
As of the latest ACS Survey released in 2023, Clay City, IN is a predominantly white area, with 93.8% of the population identifying as white. The white population has shrunk by 5.1% in the last 5 years. The second most common race or ethnicity in Clay City, IN is hispanic, making up 1.3% of the population. Foreign-born residents account for 0.6% of the population in Clay City, IN, and this percentage has decreased by 14.3% 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 | 93.8% | -5.1% |
% Black | 0.0% | N/A |
% Hispanic | 1.3% | 1,200.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.6% | -14.3% |
Mortgage and Risk — Clay City, IN
According to HUD data as of 2023, there were 65 mortgage originations in Clay City, IN, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Clay City, IN. Investor activity is low, as 0.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 65 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Clay City, IN
Clay City, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,120 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Clay City, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $164,000 |
| Median Household Income | $61,300 |