Measured against area pay, Clay Township costs less to live in than 94% of U.S. towns
It ranks #59 of 592 in Indiana for affordability. Home prices around Clay Township have risen about 65% over the past 5 years.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of the Cincinnati, OH-KY-IN metro area ($81K). How TownRatings grades cost of living
The grade compares costs with what households across the Cincinnati metro earn ($81K, Census 2020–24). The typical home costs 2.1 years of metro income, and 43% of renters pay 30% or more of income for housing.
In dollars
- $1,180a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
- 95prices across the Cincinnati metro, where the U.S. is 100 (housing 88)BEA Regional Price Parities, 2024
In paychecks the grade
- 2.1 yrsof area income buys the typical home; the typical U.S. town: 3.3$81K, Cincinnati-area income
- 14%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 43%of renters pay 30%+ of income for housing; across Indiana: 48%Census 2020–24
- 12%of owners do; the typical U.S. town: 20%Census 2020–24
What kind of housing town is Clay Township?
Read from the numbers below. The page puts what stands out first.
What’s behind Clay Township’s grade
Measured against what households in the area earn, Clay Township is more affordable than 94% of U.S. towns, #59 of 592 in Indiana. The share of households paying 30%+ for housing pulls the grade down most; property tax holds it up.
Home prices up 65% in 5 years
The federal house price index for the ZIP codes around Clay Township rose 65% over the past 5 years, faster than across Indiana (53%). Last year prices rose 3.8%. Carrying the Census median home value forward with that index puts the typical Clay Township home at roughly $216,000 today.
Carrying the Census median forward with the index puts a typical home at about $216K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Clay Township, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 2.1 years of area income
The calculator starts from the area income the grade uses. Switch to Clay Township’s own median, or type yours.
That covers a typical Clay Township home, with $105K to spare.
A two-bedroom rents for about $1,180 a month here, $90 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Clay Township’s typical property tax (0.78% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,180
Renters already here pay a median of $966, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Cincinnati, OH-KY-IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Low tax bills, but a high tax rate
The median bill is $1,314, under the Indiana median of $1,614, because homes cost less. As a share of value it’s 0.78% a year, against 0.74% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
The rest of a budget near Clay Township
Only figures published free for the whole country, each labeled with the area it covers: the Cincinnati, OH-KY-IN metro area, or Indiana. Groceries follow the goods price level; nobody publishes them town by town.
| Cost | Here | Compared with | Area | Source |
|---|---|---|---|---|
| Prices overall U.S. = 100 | 95 | IN 93 | metro | BEA, 2024 |
| Goods (groceries, clothing, cars…) U.S. = 100 | 94 | IN 96 | metro | BEA, 2024 |
| Utilities U.S. = 100 | 91 | IN 86 | metro | BEA, 2024 |
| Other services U.S. = 100 | 99 | IN 99 | metro | BEA, 2024 |
Price levels: U.S. Bureau of Economic Analysis, Regional Price Parities 2024 (metro area and state). Electricity: U.S. Energy Information Administration, Electric Power Monthly, table 5.6.A.
Clay Township vs. its neighbors
Zillow publishes no value for Clay Township. Union Township and Brown Township and Sparta Township and Washington Township and Washington Township have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Clay Township | A | — | $169K | 0.78% | $1,180 |
| Sparta Township | C+ | — | $244K | 0.78% | $1,190 |
| Caesar Creek Township | – | — | $400K | 0.48% | $1,180 |
| Union Township | – | — | $283K | 0.82% | $1,170 |
| Pike Township | – | — | — | — | $1,130 |
| Washington Township | A+ | — | $181K | 0.79% | $1,190 |
| Washington Township | B | — | $223K | 0.53% | $1,160 |
| Brown Township | B+ | — | $261K | 0.53% | $990 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures. “—” under Cost: not graded (too little Census data, or under 1,000 residents).
Questions about the cost of living in Clay Township
Is Clay Township expensive to live in?
Measured against what households in the area earn, Clay Township costs less than 94% of U.S. towns: an A for cost of living, #59 of 592 in Indiana. The typical home costs 2.1 years of the median household income of the Cincinnati, OH-KY-IN metro area ($81K).
How much is rent in Clay Township?
HUD puts a two-bedroom at about $1,180 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $966 (Census 2020–24).
What are property taxes in Clay Township?
The median bill is $1,314 a year, 0.78% of the median home value (Indiana: $1,614, 0.74%), from the Census 2020–24.
Neighbors talk housing
What Clay Township buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.