Henry County, IN

Comprehensive housing, income, and cost of living data for Henry County, Indiana. Population: 48.9K.

Median Home Price
$203.8K

Based on 12 cities

Median Household Income
$60.1K

Annual household income

Price-to-Income Ratio
3.4x

Moderately affordable

Salary Needed to Buy
$51.6K

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

Housing & Finance

Annual Property Tax
$1,050

Average annual amount

Effective Tax Rate
0.52%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,031
Property Tax$87.50
Insurance$84.92
Total Monthly$1,203
Historical Home Prices
2015
$83.3K
2016
$87.4K
+5.0%%
2017
$92.9K
+6.3%%
2018
$99.3K
+6.9%%
2019
$108.7K
+9.4%%
2020
$121.8K
+12.0%%
2021
$140.3K
+15.3%%
2022
$154.7K
+10.2%%
2023
$162.1K
+4.8%%
2024
$173.3K
+6.9%%
2025
$179.4K
+3.5%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
3.5%%

Below national average

Population Density
125

People per square mile

Homicide Rate
4.4

Low (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
92.4%
Black
2.3%
Hispanic
2.2%
Asian
0.5%
Two or More Races
2.3%

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

Climate & Environment

Average Temperature
51°F

Annual average

Sunny Days
151

Days per year

Annual Rainfall
44.3"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 45/100

Frequently Asked Questions

What is the median home price in Henry County, IN?

The median home price in Henry County, Indiana is $203.8K. The price-to-income ratio is 3.4x, meaning the median home costs 3.4 times the median household income.

What salary do you need to buy a home in Henry County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $51.6K per year to buy the median home in Henry County, IN. Monthly housing costs break down to $1,031 for mortgage, $87.50 for property tax, and $84.92 for insurance.

What is the property tax rate in Henry County?

The effective property tax rate in Henry County is 0.52%, which comes to approximately $1,050 per year on the median home.

What is the median household income in Henry County?

The median household income in Henry County, Indiana is $60.1K per year, based on Census Bureau American Community Survey data. The unemployment rate is 3.5%%.

Is Henry County a good place to live?

Henry County, Indiana has a population of 48.9K. Housing affordability is strong with a price-to-income ratio of 3.4x. The climate averages 51 degrees F with 151 sunny days per year. Compare Henry County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.