Income needed to buy a home
Clayton County, IA
$102,589
a year in household income to buy the typical Clayton County home with 10% down.
The monthly math
Typical home value$302,217
Down payment (10%)$30,222
Loan$271,995
Principal and interest (7.40%)$1,883/mo
Property tax (0.98% a year)$246/mo
Homeowners insurance (estimate)$151/mo
Mortgage insurance$113/mo
Total monthly cost$2,394/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Far off
The typical household here earns $67,242 a year, 66% of what it takes.
In Iowa
Clayton County ranks #91 of 99 for the income a home takes, from least to most.
Easiest to afford in Iowa
| County | Typical home | Income needed |
|---|---|---|
| Pocahontas County | $101,899 | $34,888 |
| Appanoose County | $118,881 | $41,110 |
| Lee County | $125,776 | $44,079 |
| Wapello County | $131,712 | $46,563 |
| Wright County | $136,258 | $47,713 |
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.