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Clay County, MN

RANK #525 / 996  ·  POP 65,307  ·  MN

PROJECTED GROWTH: +0.6%

Clay County shows below-average economic momentum. Growth signals are flat or softening.

[01] Why Clay County?

Clay County, Minnesota, is often recognized for Moorhead, its largest city and county seat, which sits directly across the Red River from Fargo, North Dakota. This unique positioning means residents experience a bi-state metropolitan area with a combined population of over 200,000. Commuting across the river to Fargo for work or amenities is common, with options including personal vehicles and the MATBUS public transit system. The county's landscape transitions from flat, agricultural plains in the west to rolling hills and lakes in the east, offering outdoor recreation at places like Buffalo River State Park, known for its prairie preserves, hiking, and birdwatching.

Life in Clay County offers a blend of urban access and a quieter pace, appealing to families and those seeking a suburban or rural lifestyle. The local economy is driven by agriculture, education, and health services, with institutions like Minnesota State University Moorhead and Concordia College contributing to a vibrant academic and artistic environment. Public schools in Clay County are generally well-regarded, with Barnesville Elementary and Hawley Elementary among the top-ranked. Recent economic developments focus on sustainable growth, supporting local businesses, and attracting new industries through programs offered by the Clay County Economic Development Authority.

[02] Market Snapshot

Housing Ratio
7.1x

Overvalued relative to economy

GDP Growth
+1.0%

Well below national median

Home Prices
+3.1%

Outpacing national median

Climate & Terrain
-4.2

Harsh climate or flat terrain

Price/Rent
16x

Above national median (13x)

Housing looks overvalued at 7.1x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Clay County U.S. National

The Numbers

DEMOGRAPHICS
Population
65,307
+0.51% YoY
Median Household Income
$75,006
Median Home Value
$241,400
+3.13% 12mo
Median Rent
$972
Average Annual Pay
$53,697
+3.9% YoY
Employment
19,702
-0.1% YoY
Income-to-Home-Value
0.3107
More affordable than average
Migration Inflow
3.64%
of pop. from another state

Market Activity

REAL ESTATE
Building Permits (2024)
269
Single-Family Permits
104

[06] Score Breakdown

GDP Growth +1.0% 17 percentile
Population Growth +0.5% 53 percentile
Income Growth +10.3% 84 percentile
Vacancy Rate 1.7% 16 percentile
Home Price Change +3.1% 73 percentile
Rent Growth +4.2% 70 percentile
Price/Rent 16x 29 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Clay County, MN a good place to move to?

Clay County has a Boom Town Index score of 47/100, ranking #525 among 996 U.S. counties. With job growth at -0.1% and a median household income of $75,006, it faces some economic headwinds compared to faster-growing counties.

Is Clay County affordable?

The median home value in Clay County is $241,400 with median rent at $972/month. The income-to-home-value ratio is 0.3107, which is more affordable than the national average.

Is Clay County growing or shrinking?

Population growth: +0.5% year-over-year. Job growth: -0.1%. Home values changed +3.1% in the past 12 months.

Are people moving to Clay County?

Yes — 3.64% of Clay County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Lee County, NC 57 Raleigh County, WV 57 St. Croix County, WI 57 Penobscot County, ME 57 Tulsa County, OK 57 Muscogee County, GA 57 Potter County, TX 57 Somerset County, PA 57