Compare Clayton, NC mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Clayton.
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December 1, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Clayton. Understand how much you need to earn to afford a home in Clayton, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Clayton fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Clayton is right for you.
The median home value for Clayton, NC (Johnston County) is $255,126
Based on current mortgage rates and a 10% down payment, you need to make $41,801 per year to buy the median priced home in Clayton
With this income, you could qualify for a $229,613 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Clayton is $968
The median household income for Clayton, NC (Johnston County) is $65,880
Based on this income, you can afford a home valued at approximately $402,086
The home price you can afford to buy based on household income in Clayton is 158% of the median home value which means housing prices are average. Clayton (Johnston County) ranks 65 out of 100 counties in North Carolina and 2,489 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Clayton, NC is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Clayton (Johnston County) below.
Conforming loan limits for Clayton, NC
FHA loan limits for Clayton, NC