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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Henry County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Henry County ranks #1,541 of 3,142 counties for affordability (top 49%)
Sourced county brief
Henry County Renter Median Income Estimated at $36,083
In Henry County, the median income for renter households was estimated at $36,083. The official median gross rent as a percentage of household income (GRAPI) was 24.8%, which is 0.6 percentage points below the Iowa unweighted county mean of 25.4%. The median gross rent in the county was recorded at $820 per month, compared to the state unweighted county mean of $832. For homeowners, the median selected monthly owner costs were $908, sitting below the Iowa unweighted county mean of $950. The median home value in the county was $164,300, while the state unweighted county mean was $171,037. This documentation provides an objective summary of housing costs based on federal estimates and does not offer advice or market forecasts. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Henry County
Affordability Verdict
ACS B25071 estimates median gross rent at 24.8% of renter household income in Henry County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $820 per month; median selected monthly owner costs are $908. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $32,800 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Iowa unweighted mean of county median rents is $832 per month. Henry County's $820 median is 1.5% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Henry County
Rent Burden
14.6%
of gross income
Max Housing (28% Rule)
$1,574
per month
Owner Cost Burden
16.2%
of gross income
You can likely afford the median home in Henry County
Median home value is $164,300. Estimated monthly cost: $1,312 vs. your max of $1,574.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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