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Henry County Housing Market

Illinois · 102 counties · Ranked #1059 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$145,300

vs national$145,300 vs $281,900 national

Median Gross Rent

$837/mo

vs national$837 vs $1,163 national

Effective Tax Rate

1.98%

vs national+1.98% vs 1.02% national

Median Household Income

$69,912

vs national$69,912 vs $74,755 national

Affordability Ratio

2.1x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

25.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,877

Tax as % of Home Value

1.98%

Monthly Owner Cost

$923

Renter Income

$43,051

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Frequently Asked Questions

What is the median home value in Henry County?

The median home value in Henry County is $145,300. This is below the national median of $281,900.

How much is rent in Henry County?

The median gross rent in Henry County is $837 per month.

What is the property tax rate in Henry County?

The effective property tax rate in Henry County is 1.98%. The median annual property tax bill is $2,877.

Is Henry County affordable?

With a home-value-to-income ratio of 2.1x, Henry County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.