Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$171,732+8.0% YoY · prices are rising fast
Market right nowBalanced, leaning sellersMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$37,228About 0.5× the local median income ($72,293): affordable for a typical household
Days on market52 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.2%Zillow expects prices to rise slightly
The typical home in Henry County, IL is worth $171,732, up 8.0% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $157,470, so the area is 9.1% overvalued. It is a balanced market, leaning toward sellers: homes take about 52 days to sell, listings are up 28% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 3.2% over the next year. A household needs about $37,228 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,293. In the latest IRS figures, 47 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$171,732
Change in 1 year
+8.0%
Overvalued %
+9.1%
Show 7 more
Fair home value
$157,470
Change in 5 years
+28.9%
Zillow forecast, next 12 months
+3.2%
Home value to income
2.4×
Monthly mortgage payment (20% down)
$931
Income needed to afford it
$37,228
Property tax rate
1.99%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,056
Market activity
Listings vs a year ago
+28.4%
Days on market
52
Listings with a price cut
19.3%
Show 3 more
Homes for sale
95
Pending sales per 100 listings
53
Asking price per sq ft
$106
People and jobs
Median household income
$72,293
Population change (1 year)
−0.2%
Unemployment rate
4.8%
Show 4 more
Population
48,095
Income adjusted for cost of living
$81,137
Net moves in (IRS)
−47
Cost of living (US = 100)
89.1
Schools, risk and environment
School rating (1 to 10)
6.2
FEMA hazard risk score (0 to 100)
57.1
Flood risk score
51.5
Show 3 more
Wildfire risk score
7.1
Walkability (1 to 20)
6.0
Road, rail and air noise
53 dB
Questions people ask
Is Henry County, IL overvalued?
Home prices in Henry County, IL are slightly above what local incomes have historically supported: fair value is about $157,470, so the area is 9.1% overvalued.
Is Henry County, IL a buyer's or seller's market?
Henry County, IL is a balanced market, leaning toward sellers: homes take about 52 days to sell, listings are up 28% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Henry County, IL?
Home values in Henry County, IL are up 8.0% over the last year. Zillow's forecast for the next 12 months is +3.2%.
How much do you need to earn to buy a home in Henry County, IL?
A household needs about $37,228 a year to afford the typical home in Henry County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,293.