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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Clay City, IN Housing Affordability Index

Clay City, Indiana has an MBR Housing Affordability Index score of 335.6 (Highly Affordable) as of October 30, 2026, ranking 2nd most affordable of 621 scored Indiana cities, compared with 123.6 statewide and 97.4 nationally. On a median-priced $94,500 home with 20% down, the Indiana average 30-year fixed rate of 7.41% means a monthly principal and interest payment of about $524, or 9% of the city’s $72,292 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Clay City is updated every night from live Indiana mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Clay City MBR-HAI 335.6 Highly Affordable
Rank in Indiana 2 of 621 1 = most affordable
Indiana 123.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.41% Indiana lenders
Median home value $94,500 U.S. Census Bureau

Clay City is 212.0 points above the Indiana score. Scores as of October 30, 2026. See the Indiana index

View Clay City Mortgage Rates

What It Takes to Buy in Clay City

$524/mo
Principal & Interest
Median home, 20% down, 7.41%
$22,500
Income Needed
To keep the payment at 28% of income
$72,292
Median Household Income
Indiana: $71,957
1.3x
Price-to-Income Ratio
Indiana: 3.0x
$545/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$214/yr
Median Property Tax
0.23% of median value
12.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
17.8%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Clay City, Indiana. The rate is the Indiana average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Clay City Ranks in Indiana

Cities with similar scores
#1Homer437.8
#2Clay City335.6
#3Carbon330.8 #4Bryant326.5 #5Bloomingdale323.6
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Cite the Clay City Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Clay City, Indiana score: 335.6 (Highly Affordable), ranked 2 of 621 Indiana cities. monitorbankrates.com/housing-affordability-index/indiana/clay-city”