Henry County, IL

Comprehensive housing, income, and cost of living data for Henry County, Illinois. Population: 49.2K.

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Median Home Price

$170.2K

Based on 11 cities

Median Household Income

$69.9K

Annual household income

Price-to-Income Ratio

2.4x

Highly affordable

Salary Needed to Buy

$50.2K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax

$2,877

Average annual amount

Effective Tax Rate

1.69%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$860

Property Tax$240

Insurance$70.90

Total Monthly$1,171

Historical Home Prices

2015

$104.6K

2016

$106.7K

+2.0%%

2017

$109.1K

+2.3%%

2018

$109.5K

+0.4%%

2019

$115.8K

+5.8%%

2020

$123.0K

+6.2%%

2021

$127.6K

+3.7%%

2022

$137.0K

+7.3%%

2023

$141.9K

+3.6%%

2024

$146.2K

+3.1%%

2025

$157.9K

+8.0%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

5.0%%

Near national average

Population Density

People per square mile

Homicide Rate

8.6

Medium (per 100K residents)

Political Lean (2020)

Competitive

R+0

Racial Demographics

White

87.3%

Black

Hispanic

6.7%

Asian

0.4%

Two or More Races

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature

50°F

Annual average

Sunny Days

203

Days per year

Annual Rainfall

38.2"

Inches per year

Natural Disaster Risk

Moderate Risk

Score: 57/100

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