Cost of Living in Henry County, Iowa
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Henry County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Henry County, Iowa
Henry rents are reasonable nationwide
Henry County renters spend 14.3% of income on housing, slightly above the national comfort zone but reasonable for many markets. With a median household income of $64,604 and median rent of $770, affordability is tight but manageable for working households.
Slightly above Iowa's affordability average
Henry County's 14.3% rent-to-income ratio edges past Iowa's state average of 14.1%, placing it squarely in the middle of the state's affordability spectrum. The $770 median rent sits below the state's $812 average, offering some relief despite the income-cost squeeze.
Balanced position among the region
Henry's $770 rent falls between Howard's bargain price ($699) and Hardin's steeper $814, making it a middle option regionally. Its $897 monthly mortgage is higher than most neighbors, yet the $148,600 median home value justifies the investment.
Homeownership carries more weight here
Henry's median income of $64,604 supports a reasonable 14.3% rent burden, but homebuyers face a tighter 16.7% with $897 monthly costs. The county leans more affordable for renters than owners, making it a better fit for those not yet ready to buy.
Strong for renters, challenging for buyers
If you're renting, Henry County offers solid middle-ground affordability; if you're buying, consider waiting until your down payment is larger. The $148,600 median home price is respectable, but income levels here mean homeownership requires careful planning.
Affordability Calculator
See how your income compares to housing costs in Henry County
Rent Burden
14.3%
of gross income
Max Housing (28% Rule)
$1,507
per month
Owner Cost Burden
16.7%
of gross income
You can likely afford the median home in Henry County
Median home value is $148,600. Estimated monthly cost: $1,186 vs. your max of $1,507.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.