Henry County, Illinois 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 59% below the Illinois median$61,118
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Median rent 34% below the Illinois median$842
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Henry County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $61,118 | $149,936 | $248,835 |
| Price Trend (Annual %) | 10.5% | 2.5% | 7.5% |
| Median Gross Rent | $842 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Henry County is about 59% lower than in Illinois. Rent is about 34% lower than the Illinois 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 10.5% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Henry County rose about 41.4% between 2015 and 2024, from $595 to $842. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Henry County.
Buying the median-priced home in Henry County costs roughly 6.1 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 Illinois is about 9.8.
| Metric | Henry County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $61,118 | $149,936 | $248,835 |
| Median Household Income | $71,913 | $84,042 | $80,455 |
| Price-to-Income Ratio | 0.8 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Henry County rose about 55.2%, while median household income rose about 43.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Henry County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.0% | 61.9% | 58.5% |
| Rental Rate | 18.3% | 30.4% | 31.2% |
| Vacancy Rate | 8.7% | 7.7% | 10.2% |
| Median Tenure (years) | 17.0 | 16.0 | 15.0 |
| Median Year Moved In | 2009 | 2010 | 2011 |
Henry County has a homeownership rate of 73.0%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 8.7%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Henry County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1960 | 1969 | 1978 |
| Median Number of Rooms | 6.2 | 5.6 | 5.5 |
The typical housing unit in Henry County was built around 1960. On average, 2.4 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Henry County, IL Housing Compared With Nearby Counties
Henry County, IL is the smallest of the 5 counties compared here, 48,639 residents against a local median of 98,817. Henry County, IL's median home price, at $61,118, runs 50% below the $121,685 typical of the counties around it.
The counties themselves spread $141,416 on median home price, so Henry County, IL sits at one end of an already wide local range rather than apart from it. Henry County, IL has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Henry County, IL | 48,639 | $61,118 #4/5 | $842 #4/5 | 79.9% #1/5 |
| Knox County, IL | 49,044 | $28,739 | $787 | 70.8% |
| Rock Island County, IL | 142,693 | $170,155 | $888 | 69.7% |
| Whiteside County, IL | 54,941 | $75,302 | $855 | 76.9% |
| Scott County, IA | 174,608 | $168,067 | $1,005 | 70.0% |
Frequently Asked Questions
Common questions about the housing market in Henry County, Illinois.
What is the median home price in Henry County, Illinois?
The median home price in Henry County, Illinois is $61,118, lower than the Illinois average of $149,936.
What is the average home price in Henry County, Illinois?
The typical home price in Henry County, Illinois, reported as the median sale price, is $61,118. 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, Illinois?
The median gross rent in Henry County, Illinois is $842 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Henry County in 2020?
In 2020, the median gross rent in Henry County, Illinois was $691 per month.
What is the price-to-rent ratio in Henry County, Illinois?
The price-to-rent ratio in Henry County, Illinois is about 6.1, meaning it would take roughly 6.1 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, Illinois?
Both home prices and rent are rising in Henry County, up about 10.5% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Henry County, Illinois?
73.0% of households in Henry County, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Henry County, Illinois?
The housing vacancy rate in Henry County, Illinois is 8.7%, higher than the Illinois average of 7.7%.
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