Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$141,597−4.1% YoY · prices are falling fast
Market right nowBuyer's marketMore homes for sale than last year, 25% have cut their price
Income needed to buy, per year$30,695About 0.6× the local median income ($54,340): affordable for a typical household
Days on market68 daysSlower than a year ago: buyers have time to negotiate
The typical home in Henry County, VA is worth $141,597, down 4.1% from a year ago. That is well below what local incomes have historically supported: fair value is about $157,841, so the area is 10.3% undervalued. It is a buyer's market: homes take about 68 days to sell, listings are up 14% from a year ago, 25% of listings have had a price cut. A household needs about $30,695 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 $54,340. In the latest IRS figures, 327 more people moved in than out.
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
$141,597
Change in 1 year
−4.1%
Overvalued %
−10.3%
Show 6 more
Fair home value
$157,841
Change in 5 years
+14.8%
Home value to income
2.6×
Monthly mortgage payment (20% down)
$767
Income needed to afford it
$30,695
Property tax rate
0.47%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$943
Market activity
Listings vs a year ago
+14.5%
Days on market
68
Listings with a price cut
24.8%
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Homes for sale
205
Pending sales per 100 listings
33
Asking price per sq ft
$127
People and jobs
Median household income
$54,340
Population change (1 year)
−0.6%
Unemployment rate
4.1%
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Population
49,242
Income adjusted for cost of living
$61,471
Net moves in (IRS)
+327
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
5.1
FEMA hazard risk score (0 to 100)
63.6
Flood risk score
76.6
Show 3 more
Wildfire risk score
22.3
Walkability (1 to 20)
5.1
Road, rail and air noise
54 dB
Questions people ask
Is Henry County, VA overvalued?
Home prices in Henry County, VA are well below what local incomes have historically supported: fair value is about $157,841, so the area is 10.3% undervalued.
Is Henry County, VA a buyer's or seller's market?
Henry County, VA is a buyer's market: homes take about 68 days to sell, listings are up 14% from a year ago, 25% of listings have had a price cut.
Are home prices going down in Henry County, VA?
Home values in Henry County, VA are down 4.1% over the last year.
How much do you need to earn to buy a home in Henry County, VA?
A household needs about $30,695 a year to afford the typical home in Henry County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $54,340.