Henry County, Virginia Housing Market
In Henry County, Virginia, the median home value is $134,800, with a median monthly rent of $728. This places Henry County at #2440 nationally out of 3134 counties by median home value, and #122 within Virginia.
📈 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: $879
- Establishments: 1,660
- BLS QCEW, 2025
Housing Supply
- Single-family: 44
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 19,088 (avg $53,376)
- Outflow: 18,267 (avg $53,834)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Henry County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 24148 | 219.3 | -2.51% | 2025 |
| 2 | 24078 | 199.4 | +10.35% | 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 | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $134,800 | $295,807 | $227,706 |
| Median Gross Rent | $728 | $1,169 | $968 |
| Owner Occupancy Rate | 75.2% | 70.8% | 73.3% |
| Price/Rent Ratio | 15.4 | 20.3 | 18.7 |
Market Analysis
The median home value in Henry County is 54.4% below the Virginia state average and 40.8% below the U.S. national average. The median rent of $728/month is 37.7% below the state average.
With a price-to-rent ratio of 15.4, 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 75.2%, compared to 70.8% in Virginia 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 |
|---|---|---|---|
| Kittson County | Minnesota | $134,800 | $757 |
| Towner County | North Dakota | $134,800 | $757 |
| Eastland County | Texas | $134,800 | $866 |
| Stephenson County | Illinois | $134,900 | $798 |
| Fleming County | Kentucky | $134,700 | $715 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Smyth County | $139,600 | $731 | 71.0% |
| Galax city | $141,300 | $743 | 56.3% |
| Brunswick County | $142,700 | $834 | 74.4% |
| Scott County | $143,000 | $699 | 77.0% |
| Alleghany County | $125,800 | $765 | 82.3% |
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).