Henry County, Alabama Housing Market Prices
Henry County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 47% below the Alabama median$85,634
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Median rent 24% below the Alabama median$768
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Henry County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,634 | $160,474 | $248,835 |
| Price Trend (Annual %) | 14.1% | 6.3% | 7.5% |
| Median Gross Rent | $768 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Henry County is about 47% lower than in Alabama. Rent is about 24% lower than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Henry County, up about 14.1% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Henry County rose about 29.3% between 2015 and 2024, from $594 to $768. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Henry County.
Buying the median-priced home in Henry County costs roughly 9.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Henry County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Henry County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,634 | $160,474 | $248,835 |
| Median Household Income | $59,958 | $64,544 | $80,455 |
| Price-to-Income Ratio | 1.4 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Henry County rose about 49.6%, while median household income rose about 60.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Henry County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.9% | 60.0% | 58.5% |
| Rental Rate | 15.7% | 25.5% | 31.2% |
| Vacancy Rate | 23.4% | 14.5% | 10.2% |
| Median Tenure (years) | 18.0 | 16.0 | 15.0 |
| Median Year Moved In | 2008 | 2010 | 2011 |
Henry County has a homeownership rate of 60.9%, higher than the Alabama average of 60.0%. Its housing vacancy rate is 23.4%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Henry County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1981 | 1985 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Henry County was built around 1981. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 18.0 years on average.
Henry County, AL Housing Compared With Nearby Counties
Henry County, AL is the smallest of the 4 counties compared here, 17,647 residents against a local median of 49,597. The measure that sets Henry County, AL apart most is homeownership: 79.5%, 25% above the local median of 63.8%. That is the better end of the local range on this measure.
The counties themselves sit within 6.3% of each other on homeownership, a tighter band than the gap between any of them and Henry County, AL, which makes it a genuine outlier here rather than one end of a wide local spread. Henry County, AL has the highest homeownership of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Henry County, AL | 17,647 | $85,634 #2/4 | $768 #3/4 | 79.5% #1/4 |
| Houston County, AL | 108,140 | $131,410 | $944 | 63.8% |
| Dale County, AL | 49,597 | $67,344 | $888 | 61.9% |
| Barbour County, AL | 24,643 | $77,092 | $687 | 68.2% |
Frequently Asked Questions
Common questions about the housing market in Henry County, Alabama.
What is the median home price in Henry County, Alabama?
The median home price in Henry County, Alabama is $85,634, lower than the Alabama average of $160,474.
What is the average home price in Henry County, Alabama?
The typical home price in Henry County, Alabama, reported as the median sale price, is $85,634. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Henry County, Alabama?
The median gross rent in Henry County, Alabama is $768 per month, lower than the Alabama average of $1,007.
What was the median gross rent in Henry County in 2020?
In 2020, the median gross rent in Henry County, Alabama was $623 per month.
What is the price-to-rent ratio in Henry County, Alabama?
The price-to-rent ratio in Henry County, Alabama is about 9.3, meaning it would take roughly 9.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Henry County.
Are home prices or rent rising faster in Henry County, Alabama?
Both home prices and rent are rising in Henry County, up about 14.1% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Henry County, Alabama?
60.9% of households in Henry County, Alabama own their home, higher than the Alabama average of 60.0%.
What is the vacancy rate in Henry County, Alabama?
The housing vacancy rate in Henry County, Alabama is 23.4%, higher than the Alabama average of 14.5%.
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