Housing decision brief
Henry County, IA Housing Market
Henry County screens as a higher purchase price, below-state rent, a higher tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
50th lowest home value out of 99 Iowa counties with data | 35th lowest rent out of 99
Median home value
$148,600
Purchase-price signal from Census ACS.
Median rent
$770/mo
Gross rent, including utilities where reported.
Monthly owner cost
$897/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
2.3x
Median home value divided by local household income.
Rent burden
27.0%
Below 30% usually screens as less pressured.
Rent vs own
$127/mo
Median rent screens below owner cost.
Data confidence
2 notes
Crime coverage is partial, so safety comparisons need source context.
What Works
Lower rent
$770/mo is 4% below Iowa county median
Rent burden below pressure line
27.00% of renter income goes to rent, below the 30% burden threshold.
What to Check
Lower income base
$64,604 median income is 6% below Iowa county median
Tax rate needs attention
1.61% effective property-tax rate is 20% above Iowa county median
Crime data coverage
Crime data coverage is partial. Treat zero or low crime rates as incomplete until you check the source coverage.
Best Fit For
- Buyers comparing homes to local incomes
Poor Fit For
- Households dependent on a deep local wage market
- Buyers focused only on purchase price and ignoring annual property tax
- Anyone treating reported crime rates as complete without source context
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where Henry County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $148,600 | $148,600 | $281,900 | Near state medianAt the Iowa county median |
Median gross rent Lower usually helps affordability. | $770 | $800 | $1,163 | Near state median4% below Iowa county median |
Monthly owner cost Lower usually helps affordability. | $897 | $886 | $1,672 | Near state median1% above Iowa county median |
Median household income | $64,604 | $68,704 | $74,755 | 6% pressure6% below Iowa county median |
Effective property-tax rate Lower usually helps affordability. | 1.61% | 1.34% | 1.02% | 20% pressure20% above Iowa county median |
Rent burden Lower usually helps affordability. | 27.00% | 25.00% | N/A | 8% pressure27.00% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$33,804
Median income minus rent threshold.
Owner cushion
+$26,161
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
For renters in Henry County, the market is affordable. Expect to pay around $770/month in gross rent, with 27.0% of renter households considered cost-burdened.
Rent vs own
Renters in Henry County pay $770/month on average, compared to $897/month for homeowners. This market favors renters by about 14%.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,800/year. For owner costs at the 28% rule, the required income is roughly $38,443/year. With a median household income of $64,604, most households can comfortably afford rent here. Notably, 27.0% of renter households in Henry County are cost-burdened, spending more than 30% of income on housing.
Regional context
Henry County sits 6% less expensive than Mahaska County ($821/month) in terms of median gross rent.
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| Clayton County, IA | $155,700 | $764/mo | Same-state comparison near $155,700 home value and $764/mo rent. |
| Humboldt County, IA | $146,900 | $731/mo | Same-state comparison near $146,900 home value and $731/mo rent. |
| Cherokee County, IA | $145,100 | $711/mo | Same-state comparison near $145,100 home value and $711/mo rent. |
| Clinton County, IA | $153,800 | $825/mo | Same-state comparison near $153,800 home value and $825/mo rent. |
| O'Brien County, IA | $158,900 | $770/mo | Same-state comparison near $158,900 home value and $770/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
- Water-quality monitoring is based on 2 active sites in recent WQP data.
Next Checks
Housing Questions for Henry County
Is Henry County affordable for buying a home?
Is renting or owning cheaper in Henry County?
How much income do you need for housing in Henry County?
What should I double-check before moving to Henry County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.