Henry County, Indiana 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 48% below the Indiana median Cheaper than 77% of counties in Indiana$74,928
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Median rent 23% below the Indiana median Cheaper than 74% of counties in Indiana$820
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Henry County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $74,928 | $142,738 | $248,835 |
| Price Trend (Annual %) | 0.5% | 7.2% | 7.5% |
| Median Gross Rent | $820 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Henry County is about 48% lower than in Indiana. Rent is about 23% lower than the Indiana 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 0.5% and 3.0% a year respectively. Rent is changing faster.
Median rent in Henry County rose about 31.1% between 2015 and 2024, from $625 to $820. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Henry County.
Buying the median-priced home in Henry County costs roughly 7.6 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 Indiana is about 11.2.
| Metric | Henry County | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $74,928 | $142,738 | $248,835 |
| Median Household Income | $63,356 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.2 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Henry County fell about 0.4%, while median household income rose about 42.9% 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 | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.6% | 64.4% | 58.5% |
| Rental Rate | 21.1% | 26.9% | 31.2% |
| Vacancy Rate | 11.2% | 8.8% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Henry County has a homeownership rate of 67.6%, higher than the Indiana average of 64.4%. Its housing vacancy rate is 11.2%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Henry County | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1961 | 1975 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Henry County was built around 1961. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Henry County, IN Housing Compared With Nearby Counties
Henry County, IN is the 4th largest of the 5 counties compared here, 48,970 residents against a local median of 75,217. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Henry County, IN an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median home price, 8% above the local median at $74,928 against $69,329. Henry County, IN has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Henry County, IN | 48,970 | $74,928 #2/5 | $820 #3/5 | 76.2% #2/5 |
| Delaware County, IN | 112,280 | $72,934 | $905 | 66.5% |
| Fayette County, IN | 23,334 | $65,723 | $790 | 72.1% |
| Hancock County, IN | 84,037 | $385,184 | $1,202 | 79.5% |
| Wayne County, IN | 66,397 | $62,500 | $815 | 69.2% |
Frequently Asked Questions
Common questions about the housing market in Henry County, Indiana.
What is the median home price in Henry County, Indiana?
The median home price in Henry County, Indiana is $74,928, lower than the Indiana average of $142,738.
What is the average home price in Henry County, Indiana?
The typical home price in Henry County, Indiana, reported as the median sale price, is $74,928. 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, Indiana?
The median gross rent in Henry County, Indiana is $820 per month, lower than the Indiana average of $1,062.
What was the median gross rent in Henry County in 2020?
In 2020, the median gross rent in Henry County, Indiana was $696 per month.
What is the price-to-rent ratio in Henry County, Indiana?
The price-to-rent ratio in Henry County, Indiana is about 7.6, meaning it would take roughly 7.6 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, Indiana?
Both home prices and rent are rising in Henry County, up about 0.5% and 3.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Henry County, Indiana?
67.6% of households in Henry County, Indiana own their home, higher than the Indiana average of 64.4%.
What is the vacancy rate in Henry County, Indiana?
The housing vacancy rate in Henry County, Indiana is 11.2%, higher than the Indiana average of 8.8%.
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