Clay City Illinois Area Home Supply Charts

This page looks at a variety of Clay City Illinois housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Clay City depicts it has a Housing Units of 469 which is the third most of all other places in the greater region.

Figure 2 illustrates the housing density in the Clay City housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Clay City shows it has a Housing Density of 263.2 which is less than most other places in the metro area. The city with the highest housing density in the area is Louisville which depicts a density of 620.7 (approximately 2.4 times bigger). Comparing housing density to the United States average of 38.9, Clay City is considerably bigger. Also, versus the state of Illinois, housing density of 96.4, Clay City is approximately 2.7 times bigger.

In Figure 4, Clay City area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Clay City depicts it has a Housing Unit Change of -2.5% which is the third most housing units of all other places in the greater Clay City region. The city with the highest change in the housing units in the area is Louisville which shows a housing units of 2.3% ( about the same size). Comparing change in the housing units to the United States average of 5.7%, Clay City is about the same size. Also, measured against the state of Illinois, change in the housing units of 1.2%, Clay City is about twice as large.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Clay City shows it has a Renter Percent of 34.9% which is the third most of all other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 65.1% which is less than most other places in the local area.

Clay City Illinois Home Cost Charts

Looking at the housing data provided in Figure 7, the average Clay City home price is illustrated for this community and a useful analysis of affordable housing. Clay City depicts it has a Median Home Value of $66,900 which is the third most median home prices of all other places in the greater Clay City region. The city with the highest median home price in the area is Flora which shows a home price of $78,500 (17.3% larger). Figure 8 provides aggregate comparative data for the Clay City Illinois metro area in terms of the median housing rental rate, apartment rent, etc. Clay City depicts it has a Median Gross Rent of $473 which is less than most other places in the local area. The city with the highest rental rates in the area is Flora which shows a rental rates of $606 (28.1% larger). Comparing rental rates to the United States average of $1,062, Clay City is approximately half the size. Also, benchmarked against the state of Illinois, rental rates of $1,010, Clay City is approximately half the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Clay City has one of the largest proportions of home price worth less than $50,000 at 43% of the total and is ranked #3. Only #2 Flora (50%), and #1 Mount Erie (69%) are larger. Second, it has the largest proportion of home price worth between $200,000 to $300,000 at 4% of the total and is ranked #1. Third, it has the largest proportion of home price worth between $300,000 to $400,000 at 2% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Clay City depicts it has a Median Owner Cost of $660 which is the second most median ownership cost of all the places in the greater Clay City region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Clay City metro area. it has a Owner Cost as % of HH Income of 14% which is in the mid point range of other places in the greater region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Clay City shows it has a Median Home Value as Percent of Median Earnings of 206% which is the third most median home value as a percent of median worker earnings of all other places in the greater Clay City region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Clay City depicts it has a Median Owner Costs-With Mortgage of $879 which is the third most of all other places in the local area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $355 which is the third most median housing cost of all other places in the greater Clay City region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Clay City has one of the largest proportions of owner cost less than $300 at 27% of the total and is ranked #3. Only #2 Cisne (30%), and #1 Noble (33%) are larger. Second, it has the second smallest when ranked by owner cost less than $300 of all the other places in the area when sorted by owner cost between $300 and $500 at 13% of the total. Third, it has one of the largest proportions of owner cost between $500 and $700 at 24% of the total and is ranked #2. The only larger city being Flora with 32%. Also, it has the largest proportion of owner cost between $1,000 and $1,500 at 2% of the total and is ranked #1. In addition, it has the largest proportion of owner cost between $2,000 and $2,500 at 2% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Clay City shows it has a % of Income Owner Costs-With Mortgage of 15% which is the smallest in order of cost as a percent of household income of all the other places in the metropolitan area. The city with the highest cost as a percent of household income in the area is Mount Erie which shows a cost as a percent of household income of 25% (67.8% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Clay City shows it has a % of Income Owner Costs-No Mortgage of 13% which is the second most cost as a percent of household income of all the places in the greater Clay City region. The city with the highest cost as a percent of household income in the area is Mount Erie which depicts a cost as a percent of household income of 15% (13.6% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Clay City has one of the largest proportions of rent as a percent of income is less than 10 pct at 42% of the total and is ranked #2. The only larger city being Flora with 52%. Second, it has in the mid range of other places in the local area when sorted by rent as a percent of income is between 20pct to 30pct at 9% of the total. Third, it has less than most other places in the local area in terms of rent as a percent of income is between 40pct to 50pct at 4% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Clay City has one of the largest proportions of housing cost less than $300 at 32% of the total and is ranked #2. The only larger city being Cisne with 32%. Second, it has the largest proportion of housing cost between $2,000 and $2,500 at 1% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,038 which is the third most of all other places in the surrounding region. The city with the highest median real estate taxes paid in the area is Flora which depicts a taxes paid of $1,428 (37.6% larger). Comparing median real estate taxes paid to the United States average of $2,471, Clay City is approximately half the size. Also, in contrast to the state of Illinois, median real estate taxes paid of $4,419, Clay City is approximately a quarter the size.

Figure 23 shows the rental rate distribution for this area. Clay City Illinois has the largest proportion of rent less than 300 dollars at 39% of the total and is ranked #1. Second, it has in the middle range of other places in the area when sorted by rent between 500 and 750 dollars at 9% of the total.

Clay City Illinois Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Clay City has one of the largest proportions of both 2nd mortgage and heloc at 55% of the total and is ranked #2. The only larger city being Flora with 56%. Second, it has the second smallest when sorted by with mortgage of all the other places in the metro area when ranked by no 2nd mortgage and no heloc at 44% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Clay City has the percentage of houses with mortgages the second smallest as measured by houses with a mortgage of all the other places in the local area at 44% of the total.

Clay City Illinois Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.9 which is less than most other places in the metro area. The city with the highest family members per housing unit in the area is Sailor Springs which depicts a family members per housing unit of 3.3 (15.4% larger). Comparing family members per housing unit to the United States average of 3.3, Clay City is about 15.0% smaller. Also, compared with the state of Illinois, family members per housing unit of 3.3, Clay City is about 14.7% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.4 which is the third most of all other places in the metropolitan area. The city with the highest average number of rooms in a house in the area is Flora which shows an average number of rooms in a house of 5.6 (only about 3.7% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1970 which is the third most year built of all other places in the greater Clay City region. The city with the highest year built in the area is Sailor Springs which shows a year built of 1979 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built in 2014 or later at 3% of the total and is ranked #1. Second, it has less than most other places in the area in order of homes built between 2010 to 2013 at 4% of the total. Third, it has the second smallest in terms of homes built in 2014 or later of all the other places in the local area when sorted by homes built between 1990 to 1999 at 8% of the total. Also, it has one of the largest proportions of homes built between 1980 to 1989 at 27% of the total and is ranked #2. The only larger city being Louisville with 31%. In addition, it has less than most other places in the metro area in terms of homes built between 1940 to 1949 at 16% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 130 of the total and is ranked #3. Only #2 Louisville (166), and #1 Flora (811) are larger.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit attached at 7% of the total and is ranked #1. Second, it has less than most other places in the area when ranked by 50 or more units at 18% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2010 to 2013 at $73,600 of the total and is ranked #3. Only #2 Flora ($86,400), and #1 Louisville ($169,600) are larger. Second, it has the largest proportion of value of homes built 2000 to 2009 at $93,800 of the total and is ranked #1. Third, it has the largest proportion of value of homes built 1990 to 1999 at $316,700 of the total and is ranked #1. Also, it has one of the largest proportions of value of homes built 1980 to 1989 at $70,800 of the total and is ranked #3. Only #2 Louisville ($101,000), and #1 Cisne ($102,300) are larger. In addition, it has one of the largest proportions of value of homes built 1970 to 1979 at $62,500 of the total and is ranked #2. The only larger city being Flora with $74,500. Furthermore, it has the largest proportion of value of homes built 1960 to 1969 at $83,600 of the total and is ranked #1. Next it has one of the largest proportions of value of homes built 1950 to 1959 at $60,800 of the total and is ranked #3. Only #2 Cisne ($61,700), and #1 Flora ($76,500) are larger. Additionally, it has one of the largest proportions of value of homes built 1940 to 1949 at $52,500 of the total and is ranked #3. Only #2 Flora ($58,100), and #1 Mount Erie ($67,500) are larger.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has one of the largest proportions of occupied housing units at 21% of the total and is ranked #2. The only larger city being Sailor Springs with 31%.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Clay City residents. it has a Owner-Household Size of 2.5 which is the second most homeowner household size of all the places in the greater Clay City region. The city with the highest homeowner household size in the area is Sailor Springs which shows a homeowner household size of 2.9 (17.6% larger).

Figure 37 shows the household size for renters. Clay City depicts it has a Renter-Household Size of 2.1 which is in the intermediate range of other places in the local area. The city with the highest renter household size in the area is Mount Erie which shows a renter household sizes of 3.8 (79.4% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2017 or later less than most other places in the local area at 2% of the total. Figure 39 shows the year that people who rent moved into the area. Clay City has one of the largest proportions of renters moved in 2017 or later at 46% of the total and is ranked #2. The only larger city being Louisville with 51%. Second, it has one of the largest proportions of renters moved in 2015 to 2016 at 29% of the total and is ranked #3. Only #2 Flora (46%), and #1 Noble (53%) are larger.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2002 which is less than most other places in the metropolitan area. Figure 41 compares the median year that renters moved into their home. Clay City depicts it has a Renter Median Year Moved In of 2014 which is the second most median year that a renter moved in of all the places in the greater Clay City region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of homes using natural gas at 5% of the total and is ranked #3. Only #2 Sailor Springs (58%), and #1 Mount Erie (62%) are larger. Second, it has the second smallest when sorted by homes using natural gas of all the other places in the greater region as measured by home using bottled, tank, or lp gas at 17% of the total.