The Most Affordable Neighborhoods in Henry County, IN by Home Value

These days, finding an affordable place to live in the Henry County area can be challenging. Home prices in Henry County are now at a median cost of $155,655, lower than the Indiana average of $232,932.

The average cost of rent is $856/mo in Henry County, primarily driven by the current value of real estate in the Henry County area. In Henry County, 23.81% of households rent, and 42.70% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Henry County is $5,546 per month. Households that rent pay about 15.43% of their income on rent here. Henry County’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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