Mortgage Rates in Clay, New York — March 2026
Updated March 2026 | Based on Clay market data and regional lending conditions
Clay is a growing city in New York with a population of 58,805. The current 30-year fixed mortgage rate in Clay is 6.86%, which is 0.21% above the national average. With a median home price of $452,000 and a 20% down payment of $90,400, homebuyers can expect a monthly principal and interest payment of approximately $2,372.
Current Mortgage Rates in Clay, NY
Below are the current average mortgage rates available in the Clay area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.86% | 6.65% | +0.21% |
| 15-Year Fixed | 6.07% | 5.89% | +0.18% |
| 5/1 ARM | 6.31% | 6.15% | +0.16% |
| FHA | 6.55% | 6.25% | +0.3% |
| VA | 6.3% | 6.05% | +0.25% |
| Jumbo | 7.11% | 6.85% | +0.26% |
Clay Housing Market Overview
The Clay housing market reflects moderate demand with prices near the national average. The median household income in Clay is $77,000, and the cost of living index is 137.7 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $130,071 to comfortably afford the median-priced home in Clay, which exceeds the current median household income.
Monthly Payment Breakdown for Clay
Based on the median home price of $452,000 with 20% down ($90,400), here is what you can expect to pay monthly in Clay:
15-Year vs. 30-Year Mortgage in Clay
Choosing a 15-year mortgage in Clay at 6.07% instead of a 30-year at 6.86% would save you $302,220 in total interest over the life of the loan. However, your monthly payment would be $3,065 instead of $2,372 — an increase of $693 per month.
Calculate Your Clay Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Clay
What are the current mortgage rates in Clay, NY?
As of March 2026, the average 30-year fixed mortgage rate in Clay, New York is 6.86%, while the 15-year fixed rate is 6.07%. FHA loans average 6.55% and VA loans 6.3%. These rates are 0.21% above the national average of 6.65%.
How much is a monthly mortgage payment in Clay?
Based on the median home price of $452,000 with 20% down, the estimated monthly mortgage payment in Clay is $2,372 for principal and interest. Including property taxes of $663/month, the total monthly housing cost is approximately $3,035.
What income do I need to buy a home in Clay?
Using the 28% rule, you would need an annual income of approximately $130,071 to afford the median-priced home in Clay at $452,000. The median household income in Clay is $77,000. This means most households would need to either earn above the median or consider homes below $452,000.
Is Clay a good place to buy a home in 2026?
Clay has a higher cost of living than average with a cost of living index of 137.7 (national average = 100). The property tax rate in New York is 1.76%, which is above the national average. Clay has a population of 58,805 and offers a balanced lifestyle.
Mortgage Rates in Other New York Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Clay, New York area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.