Income needed to buy a home
Clay County, AR
$42,437
a year in household income to buy the typical Clay County home with 10% down.
The monthly math
Typical home value$132,252
Down payment (10%)$13,225
Loan$119,027
Principal and interest (7.40%)$824/mo
Property tax (0.46% a year)$50/mo
Homeowners insurance (estimate)$66/mo
Mortgage insurance$50/mo
Total monthly cost$990/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Within reach
The typical household here earns $51,481 a year, 21% more than it takes.
In Arkansas
Clay County ranks #18 of 74 for the income a home takes, from least to most.
Easiest to afford in Arkansas
| County | Typical home | Income needed |
|---|---|---|
| Phillips County | $50,311 | $16,696 |
| Woodruff County | $86,149 | $27,708 |
| Jefferson County | $85,684 | $28,039 |
| St. Francis County | $88,525 | $28,482 |
| Ashley County | $89,495 | $28,935 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.