Cost of Living in Henry County, Virginia
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, Virginia
Henry County Offers True Affordability
At 17.5%, Henry County's rent-to-income ratio sits below Virginia's state average of 18.6% and near the national affordability benchmark, making housing genuinely accessible. With a median household income of $48,445—35% below the national median—Henry residents have lower earnings but housing costs scale accordingly, preserving affordability.
Virginia's Most Affordable County Option
Henry County ranks among Virginia's most affordable places to live, combining a 17.5% rent-to-income ratio with the state's lowest median rent at $705. This Piedmont county delivers housing accessibility that few other Virginia communities can match.
Cheapest Rent in the Comparison
Henry County's median rent of $705 dramatically undercuts Highland County ($859), Harrisonburg ($1,120), and far exceeds savings versus urban areas like Henrico ($1,474). The trade-off: lower local incomes ($48,445) mean affordability relies on keeping housing costs genuinely low.
Housing Costs Align with Local Income
Henry County renters spend $705 monthly—17.5% of a $48,445 median annual income—the most balanced ratio in this comparison. Homeowners pay $569 monthly with median home values of just $120,300, making both rental and owner-occupied housing accessible to working families.
Henry County: Virginia's Affordability Champion
Relocating to Henry County unlocks Virginia's lowest housing costs while maintaining affordability relative to local incomes—ideal for households prioritizing housing accessibility over urban amenities. This Piedmont county proves that genuine affordability exists in Virginia if you're willing to leave major metropolitan areas behind.
Affordability Calculator
See how your income compares to housing costs in Henry County
Rent Burden
17.5%
of gross income
Max Housing (28% Rule)
$1,130
per month
Owner Cost Burden
14.1%
of gross income
You can likely afford the median home in Henry County
Median home value is $120,300. Estimated monthly cost: $960 vs. your max of $1,130.
Rent Affordability Guide
Frequently Asked Questions
What is the cost of living in Henry County, Virginia?
What is the median rent in Henry County?
Is Henry County affordable?
How does Henry County's rent compare to the state average?
What is the median home value in Henry County?
Planning a Move?
Researching the cost of living in Henry County, Virginia? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCounties with Similar Housing Costs
Compare Mortgage Rates in Henry County
Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.