Income needed to buy a home
Clay County, MS
$51,567
a year in household income to buy the typical Clay County home with 10% down.
The monthly math
Typical home value$158,726
Down payment (10%)$15,873
Loan$142,853
Principal and interest (7.40%)$989/mo
Property tax (0.57% a year)$75/mo
Homeowners insurance (estimate)$79/mo
Mortgage insurance$60/mo
Total monthly cost$1,203/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
A stretch
The typical household here earns $43,125 a year, 84% of what it takes.
In Mississippi
Clay County ranks #47 of 80 for the income a home takes, from least to most.
Easiest to afford in Mississippi
| County | Typical home | Income needed |
|---|---|---|
| Coahoma County | $51,772 | $17,153 |
| Washington County | $55,372 | $18,684 |
| Humphreys County | $75,481 | $24,991 |
| Leflore County | $75,611 | $25,105 |
| Holmes County | $92,420 | $29,844 |
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.