Henry County, Indiana home prices
Typical home $190,219 · +2.6% in a year · property tax 0.73%
The typical home in Henry County is worth $190,219, 26% less than the Indiana typical home ($257,165). Values changed +2.6% in the past year and +34.0% over five years. Homeowners here pay a median 0.73% of their home's value in property tax each year ($1,385 on the typical home), versus 0.74% statewide.
Mortgage on the typical Henry County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $38,044 | $152,175 | $1,024 | $0 | $211 | $1,234 | $52,900 |
| 10% down | $19,022 | $171,197 | $1,152 | $71 | $211 | $1,433 | $61,400 |
| 5% down | $9,511 | $180,708 | $1,216 | $75 | $211 | $1,501 | $64,300 |
| 3.5% down (FHA) | $6,658 | $186,774 | $1,256 | $84 | $211 | $1,551 | $66,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.73% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Indiana · part of the New Castle metro area.
Indiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Pulaski County | $190,877 | +7.4% | 0.45% |
| Howard County | $190,881 | +4.4% | 0.72% |
| Wabash County | $191,091 | +4.8% | 0.52% |
| Perry County | $188,788 | +2.8% | 0.68% |
| Fountain County | $191,904 | +4.4% | 0.59% |
| Madison County | $187,876 | +2.9% | 0.74% |
| Orange County | $184,439 | +4.0% | 0.58% |
| Greene County | $196,235 | +5.1% | 0.58% |
| Union County | $197,144 | +10.2% | 0.64% |
| Clay County | $182,911 | +2.6% | 0.41% |
Frequently asked questions
What is the average home price in Henry County, IN?
The typical home value in Henry County is $190,219 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Henry County?
About $52,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Henry County?
The median effective rate is 0.73% of home value a year (Census ACS 2024 5-year estimates).