Henry County, Tennessee 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.
-
Median home price 21% below the Tennessee median$201,161
-
Median rent 36% below the Tennessee median Cheaper than 71% of counties in Tennessee$761
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Henry County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $201,161 | $255,786 | $248,835 |
| Price Trend (Annual %) | 22.4% | 9.9% | 7.5% |
| Median Gross Rent | $761 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Henry County is about 21% lower than in Tennessee. Rent is about 36% lower than the Tennessee 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 22.4% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Henry County rose about 26.6% between 2015 and 2024, from $601 to $761. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Henry County.
Buying the median-priced home in Henry County costs roughly 22.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Henry County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Henry County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $201,161 | $255,786 | $248,835 |
| Median Household Income | $50,759 | $69,901 | $80,455 |
| Price-to-Income Ratio | 4.0 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Henry County rose about 255.7%, while median household income rose about 34.1% 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 | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.9% | 60.1% | 58.5% |
| Rental Rate | 20.8% | 29.7% | 31.2% |
| Vacancy Rate | 21.3% | 10.2% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Henry County has a homeownership rate of 57.9%, lower than the Tennessee average of 60.1%. Its housing vacancy rate is 21.3%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Henry County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1980 | 1986 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Henry County was built around 1980. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Henry County, TN Housing Compared With Nearby Counties
How Henry County, TN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Henry County, TN | 32,412 | $201,161 #1/3 | $761 #3/3 | 73.5% #2/3 |
| Benton County, TN | 16,006 | $64,700 | $768 | 75.1% |
| Weakley County, TN | 33,016 | $188,671 | $803 | 66.3% |
Frequently Asked Questions
Common questions about the housing market in Henry County, Tennessee.
What is the median home price in Henry County, Tennessee?
The median home price in Henry County, Tennessee is $201,161, lower than the Tennessee average of $255,786.
What is the average home price in Henry County, Tennessee?
The typical home price in Henry County, Tennessee, reported as the median sale price, is $201,161. 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, Tennessee?
The median gross rent in Henry County, Tennessee is $761 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Henry County in 2020?
In 2020, the median gross rent in Henry County, Tennessee was $666 per month.
What is the price-to-rent ratio in Henry County, Tennessee?
The price-to-rent ratio in Henry County, Tennessee is about 22.0, meaning it would take roughly 22.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Henry County.
Are home prices or rent rising faster in Henry County, Tennessee?
Both home prices and rent are rising in Henry County, up about 22.4% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Henry County, Tennessee?
57.9% of households in Henry County, Tennessee own their home, lower than the Tennessee average of 60.1%.
What is the vacancy rate in Henry County, Tennessee?
The housing vacancy rate in Henry County, Tennessee is 21.3%, higher than the Tennessee average of 10.2%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →