Clay County, IA
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 43.08, -95.15.
Assembled 2026-10-06. Read the brief.
- 36th pct · 1,953rd of 3,063 US counties · median $234,566
- 53rd pct · 47th of 99 Iowa counties · median $194,976
- 70th pct · 907th of 3,063 US counties · median +2.9%
- 55th pct · 45th of 99 Iowa counties · median +4.6%
- US counties: not published this period
- Iowa counties: not published this period
- 50th pct · 1,600th of 3,221 US counties · median 8,232
- 68th pct · 32nd of 99 Iowa counties · median 5,685
- 55th pct · 1,416th of 3,221 US counties · median $1,039
- 56th pct · 43rd of 99 Iowa counties · median $1,057
- 33rd pct · 2,047th of 3,063 US counties · median 4.3
- 55th pct · 45th of 99 Iowa counties · median 3.5
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $197,816 (Aug 2026), +4.8% over one year, +28.1% over five
- 36th pct · 1,953rd of 3,063 US counties · median $234,566
- 53rd pct · 47th of 99 Iowa counties · median $194,976
| Item | Value | Distance |
|---|---|---|
| Clay County, IA | $197,816 · +4.8% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Zillow publishes no rent index for this area (ZORI covers about 1,400 counties)
- US counties: not published this period
- Iowa counties: not published this period
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $1,083 a month on $197,816 at 7.28%, against an average weekly wage worth $4,624 a month: 23.4% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $197,816 × 80% = $158,253, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,083/mo principal and interest
- wage share = payment / (avg weekly wage $1,067 × 52 / 12 = $4,624) = 23% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $197,816 / ($1,067 × 52) = 3.6
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
8,307 jobs at 700 employers (2026 Q1); -2.1% jobs and +5.1% average weekly wage over the year
- 50th pct · 1,600th of 3,221 US counties · median 8,232
- 68th pct · 32nd of 99 Iowa counties · median 5,685
| Item | Value | Distance |
|---|---|---|
| Clay County, IA | 8,307 jobs · $1,067/wk · -2.1% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Retail trade | 1,283 | $715 | 1.58 | -2.7% |
| Wholesale trade | 628 | $1,346 | 1.97 | -4.4% |
| Manufacturing | 542 | $1,130 | 0.81 | -4.9% |
| Accommodation and food services | 478 | $426 | 0.64 | -7.5% |
| Construction | 443 | $1,246 | 1.02 | -1.8% |
| Administrative and waste services | 407 | $578 | 0.86 | +1.2% |
| Professional and technical services | 325 | $1,938 | 0.57 | +5.2% |
| Transportation and warehousing | 309 | $1,114 | 0.88 | -11.0% |
| Other services | 197 | $647 | 0.79 | +5.9% |
| Finance and insurance | 175 | $1,866 | 0.52 | +4.8% |
| Management of companies | 152 | $1,823 | 1.09 | +4.1% |
| Information | 134 | $943 | 0.88 | -1.5% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
No drought class at this point (USDM covers the United States only)
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
Surface water layer not loaded
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
Surface water layer not loaded
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
No USGS monitoring wells within 75 km (or above 1,500 km)
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
low (0.00)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 / 0.35
Banks & federal dollars #
$1.2 bn in deposits at 11 offices of 7 banks (SOD June 2026); HHI 2,925, highly concentrated. $136.9 m federal obligations in FY2026 (direct payments $125.3 m, grants $11.5 m), $16,481 per covered job
| Item | Value | Distance |
|---|---|---|
| Farmers Trust and Savings Bank | $557.3 m · 46.0% share · 1 office | |
| Northwest Bank | $289.3 m · 23.9% share · 2 offices | |
| Community State Bank | $153.4 m · 12.7% share · 2 offices | |
| Clay, IA | $136.9 m FY2026 · $16,481/job |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| Farmers Trust and Savings Bank | $557,321,000 | 46.0% | 1 |
| Northwest Bank | $289,251,000 | 23.9% | 2 |
| Community State Bank | $153,366,000 | 12.7% | 2 |
| State Bank | $68,195,000 | 5.6% | 3 |
| Farmers Savings Bank | $54,751,000 | 4.5% | 1 |
| West Iowa Bank | $47,932,000 | 4.0% | 1 |
| U.S. Bank National Association | $40,854,000 | 3.4% | 1 |
Deposit concentration is 2,925 across 7 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 7 banks with deposits in the county = 46.0² + 23.9² + 12.7² + … (4 more) = 2,925
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $95,040,087 |
| Department of Agriculture | $16,985,563 |
| Department of Transportation | $10,853,599 |
| Department of Veterans Affairs | $6,845,906 |
| Department of Housing and Urban Development | $6,184,157 |
| Department of Health and Human Services | $705,035 |
| Railroad Retirement Board | $340,744 |
| Federal Communications Commission | $65,202 |
| Department of Education | $127 |
| Department of Defense | $0 |
| Small Business Administration | -$20,373 |
| Department of Homeland Security | -$88,256 |
That is $16,481 per covered job, against 8,307 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $136.9 m / 8,307 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $16,481
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 12.28 | 2026-10-04 | -0.1% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.60 | 2026-10-05 | +0.1% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 6.00 | 2026-09-22 | -14.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 6,830.00 | 2026-08-01 | +7.4% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 96.16 | 2026-09-29 | -3.2% |
| 30-year fixed mortgage rate · % | 7.28 | 2026-10-01 | +3.6% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -88,576.00 | 2026-07-01 | -24.4% |
| Retail sales excluding food services, monthly · $ millions | 646,347.00 | 2026-08-01 | +1.1% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Clay County, IA: 4 findings, 1 at a watch level and 3 noted
watchClay County, IA's covered employment is -2.1% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.Show the arithmetic
- test: jobs.yoy.emp = -2.1 < 0
BLS QCEW over-the-year percent change, as published; not an official level
noteClay County, IA's average weekly wage was 5.1% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +5.1 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteClay County, IA's covered employment was 2.1% lower than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- -2.1 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteThe next Zillow ZHVI typical home value (monthly) covering Clay County, IA is due between 2026-10-14 and 2026-10-21, estimated from the publisher's past release pattern.
Show the arithmetic
- window = 2026-10-14 to 2026-10-21, estimated from the publisher's past release pattern
estimated from the publisher's past release pattern; not an announced date
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.