Henry County, Tennessee Housing Market
In Henry County, Tennessee, the median home value is $160,200, with a median monthly rent of $761. This places Henry County at #2014 nationally out of 3134 counties by median home value, and #74 within Tennessee.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $955
- Establishments: 730
- BLS QCEW, 2025
Housing Supply
- Single-family: 18
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 13,304 (avg $67,590)
- Outflow: 12,254 (avg $68,175)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Henry County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 38222 | 257.6 | -13.21% | 2025 |
| 2 | 38229 | 282.9 | — | 2024 |
| 3 | 38256 | 194.8 | -2.84% | 2024 |
| 4 | 38242 | 240.5 | +8.17% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Henry County Compares
| Metric | Henry County | Tennessee Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $160,200 | $223,385 | $227,706 |
| Median Gross Rent | $761 | $892 | $968 |
| Owner Occupancy Rate | 73.5% | 74.1% | 73.3% |
| Price/Rent Ratio | 17.5 | 20.5 | 18.7 |
Market Analysis
The median home value in Henry County is 28.3% below the Tennessee state average and 29.6% below the U.S. national average. The median rent of $761/month is 14.7% below the state average.
With a price-to-rent ratio of 17.5, the buy-vs-rent decision in Henry County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Henry County has an owner-occupancy rate of 73.5%, compared to 74.1% in Tennessee and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Crittenden County | Arkansas | $160,200 | $911 |
| Putnam County | Florida | $160,300 | $906 |
| Edmonson County | Kentucky | $160,300 | $778 |
| Wright County | Missouri | $160,100 | $625 |
| Garfield County | Oklahoma | $160,100 | $919 |
Other Counties in Tennessee
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hardin County | $160,400 | $775 | 78.0% |
| Claiborne County | $159,900 | $745 | 72.2% |
| Van Buren County | $159,200 | $700 | 86.4% |
| Crockett County | $158,900 | $857 | 71.6% |
| McNairy County | $161,800 | $723 | 79.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).