Real Estate Investing in Clay City, Indiana

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 2,546 • Clay County

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Should you buy in Clay City, IN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (64/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 16.1% of homes vacant — above national norms.

What’s happening in Clay City, IN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.3% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $172,319
Avg Monthly Rent $864
ZIP Codes 1

Investing in Clay City Real Estate

With a sizable population across 1 ZIPs, Clay City shows the kind of muted fundamentals that keep most out-of-state capital on the sidelines.

Across Clay City's 1 ZIPs, fundamentals run subdued: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Rent trends and price trends in Clay City are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Indiana.

Population dynamics in Clay City haven't been supportive. less favorable for combined with sluggish income growth, the demographic backdrop complicates any purely financial underwriting.

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Best ZIP codes in Terre Haute, IN

Clay City is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Clay City, IN. Anonymous, moderated, never written by AI.

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Avg Home Value
$172,319
Avg Monthly Rent
$864
1% Rule
✗ Below
Landlord Friendly (IN)

📉 Market Crash Risk Index

Based on Terre Haute, IN metro

3/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
60%
Days Pending
1/2
48 days

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⚖️ Balanced Market — Terre Haute, IN metro
48
Days to pending
9.7%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Clay City, IN

Screen every ZIP in Clay City

Filter Clay City’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Clay City, IN

How qualified is the tenant pool in Clay City, IN?

Expect a solid tenant pool in Clay City, IN. The rental market absorbs $864/mo rents without meaningful friction.

What real estate strategy is ideal for Clay City, IN?

For Clay City, IN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

Where do home prices stand in Clay City, IN?

Clay City, IN home values average about $172K. That price point suits investors targeting rentals with $864/mo in monthly income.

What is the typical vacancy rate in Clay City, IN?

Occupancy in Clay City, IN runs steady with elevated vacancy. Well-priced units at $864/mo lease on reasonable timelines.

Is Clay City, IN good for house hacking?

House hacking in Clay City, IN is a challenging. With home values around $172K and rents at $864/mo, owner-occupants can offset a meaningful share of PITI.

Community Ratings

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