Henry, TN—38231
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Henry, TN
As of Oct '25, the median home price in Henry, TN is $180,000, with a year-over-year change of 0.5%. This indicates that home prices in Henry, TN are flat. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $180,000 | 0.5% |
| Single Family | $180,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Henry, TN
Henry, TN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Henry, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Henry, TN is 162. This is a increase of 258.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $196,000 | -8.0% |
Listing Count | 5 | 0.0% |
| Listings as % of Homes | N/A | 0.0% |
Days on Market | 162 | 258.0% |
Demographics — Henry, TN
As of the latest ACS Survey released in 2023, Henry, TN has a population of 2,010, which has increased by 29.4% over the past 5 years. Henry, TN is a popular place for families, as children make up 27.7% of the population. The area has a poorly educated workforce, with 8.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,010 | 29.4% |
% Under 18 | 27.7% | 46.6% |
% Seniors | 17.0% | -24.8% |
% WFH | 1.9% | 280.0% |
% w/ College Degree | 8.9% | -24.6% |
As of the latest ACS Survey released in 2023, Henry, TN is a predominantly white area, with 85.6% of the population identifying as white. The white population has grown by 3.0% in the last 5 years. The second most common race or ethnicity in Henry, TN is hispanic, making up 6.6% of the population. Foreign-born residents account for 3.7% of the population in Henry, TN, and this percentage has decreased by 35.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.6% | 3.0% |
% Black | 5.9% | 3.5% |
% Hispanic | 6.6% | -31.2% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 3.7% | -35.1% |
Mortgage and Risk — Henry, TN
According to HUD data as of 2023, there were 39 mortgage originations in Henry, TN, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Henry, TN. Investor activity is low, as 5.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 39 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Henry, TN
Henry, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,170 |
| 4 Bedroom | N/A | N/A | $1,340 |
Affordability — Henry, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $180,000 |
| Median Household Income | $38,800 |