Henry, IL—61537
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Henry, IL
As of Oct '25, the median home price in Henry, IL is $110,000, with a year-over-year change of 3.0%. This indicates that home prices in Henry, IL are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $110,000 | 3.0% |
| Single Family | $110,000 | 3.8% |
| 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 | $132,000 | 3.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Henry, IL
Henry, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $975 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $975 | $975 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Henry, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Henry, IL is 47. This is a increase of 86.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $107,000 | -12.0% |
Listing Count | 7 | -10.0% |
| Listings as % of Homes | 0.6% | -10.0% |
Days on Market | 47 | 86.0% |
Demographics — Henry, IL
As of the latest ACS Survey released in 2023, Henry, IL has a population of 2,740, which has remained stable by -0.4% over the past 5 years. Henry, IL is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,740 | -0.4% |
% Under 18 | 25.1% | 5.0% |
% Seniors | 21.0% | -13.9% |
% WFH | 8.0% | 45.5% |
% w/ College Degree | 20.9% | 5.6% |
As of the latest ACS Survey released in 2023, Henry, IL is a predominantly white area, with 95.4% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Henry, IL is black, making up 0.3% of the population. Foreign-born residents account for 0.0% of the population in Henry, IL, and this percentage has decreased by 100.0% 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 | 95.4% | -2.3% |
% Black | 0.3% | ∞% |
% Hispanic | 0.3% | 0.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Henry, IL
According to HUD data as of 2023, there were 37 mortgage originations in Henry, IL, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Henry, IL. Investor activity is low, as 3.0% 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 | 37 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Henry, IL
Henry, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 64 |
Total Units Section 8 | 40 |
% Rentals under Section 8 | 13.6% |
% Occupied Section 8 | 84.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $690 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | $165 | $975 | $1,140 |
| 4 Bedroom | N/A | N/A | $1,180 |
Affordability — Henry, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $110,000 |
| Median Household Income | $68,100 |