Henry County, Iowa 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 30% below the Iowa median$107,954
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Median rent 16% below the Iowa median$819
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Henry County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $107,954 | $153,425 | $248,835 |
| Price Trend (Annual %) | 1.7% | 7.5% | 7.5% |
| Median Gross Rent | $819 | $971 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Henry County is about 30% lower than in Iowa. Rent is about 16% lower than the Iowa 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 1.7% and 3.2% a year respectively. Rent is changing faster.
Median rent in Henry County rose about 33.9% between 2015 and 2024, from $612 to $819. Over the same span, rent in Iowa rose about 39.6%.
Affordability
On average, housing unit costs 1.6 yearly household incomes in Henry County.
Buying the median-priced home in Henry County costs roughly 11.0 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 Iowa is about 13.2.
| Metric | Henry County | Iowa Avg | US Average |
|---|---|---|---|
| Median Home Price | $107,954 | $153,425 | $248,835 |
| Median Household Income | $67,907 | $75,133 | $80,455 |
| Price-to-Income Ratio | 1.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Henry County fell about 22.3%, while median household income rose about 53.1% 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 | Iowa Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.1% | 65.6% | 58.5% |
| Rental Rate | 23.4% | 25.9% | 31.2% |
| Vacancy Rate | 9.5% | 8.5% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Henry County has a homeownership rate of 67.1%, higher than the Iowa average of 65.6%. Its housing vacancy rate is 9.5%, compared with 8.5% in Iowa.
Housing Stock
| Metric | Henry County | Iowa Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1968 | 1971 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Henry County was built around 1968. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 18.0 years on average.
Henry County, IA Housing Compared With Nearby Counties
How Henry County, IA compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Henry County, IA | 20,002 | $107,954 #2/3 | $819 #3/3 | 74.1% #3/3 |
| Lee County, IA | 32,893 | $171,484 | $834 | 76.3% |
| Des Moines County, IA | 38,487 | $24,305 | $904 | 74.6% |
Frequently Asked Questions
Common questions about the housing market in Henry County, Iowa.
What is the median home price in Henry County, Iowa?
The median home price in Henry County, Iowa is $107,954, lower than the Iowa average of $153,425.
What is the average home price in Henry County, Iowa?
The typical home price in Henry County, Iowa, reported as the median sale price, is $107,954. 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, Iowa?
The median gross rent in Henry County, Iowa is $819 per month, lower than the Iowa average of $971.
What was the median gross rent in Henry County in 2020?
In 2020, the median gross rent in Henry County, Iowa was $665 per month.
What is the price-to-rent ratio in Henry County, Iowa?
The price-to-rent ratio in Henry County, Iowa is about 11.0, meaning it would take roughly 11.0 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, Iowa?
Both home prices and rent are rising in Henry County, up about 1.7% and 3.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Henry County, Iowa?
67.1% of households in Henry County, Iowa own their home, higher than the Iowa average of 65.6%.
What is the vacancy rate in Henry County, Iowa?
The housing vacancy rate in Henry County, Iowa is 9.5%, higher than the Iowa average of 8.5%.
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