Rental numbers for Henry County, IN
The typical home here runs -$754 a month at 7.78% with 25% down. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.6%.
- Gross yield
- 4.9%
- typical home, Zillow
- Median ZIP yield
- 5.6%
- 1 ZIPs with full data
- Cash flow
- -$754/mo
- at 7.78%, 25% down
- Typical price
- $194,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $801/mo
- Zillow ZORI, Aug 2026
ZIP codes in Henry County
12 with published figures
| 47351Shirley | $162,000 | $1,230* | 9.1% | 5.4% | -$140 | n/a |
| 47361Mount Summit | $161,000 | $1,080* | 8.0% | 4.5% | -$262 | n/a |
| 47388Sulphur Springs | $167,000 | $1,110* | 8.0% | 4.5% | -$267 | n/a |
| 47387Straughn | $200,000 | $980* | 5.9% | 2.8% | -$619 | n/a |
| 46148Knightstown | $227,000 | $1,100* | 5.8% | 2.7% | -$706 | n/a |
| 47384Shirley | $235,000 | $1,100* | 5.6% | 2.5% | -$779 | n/a |
| 47352Lewisville | $222,000 | $1,040* | 5.6% | 2.7% | -$692 | n/a |
| 47362New Castle | $173,000 | $808 | 5.6% | 2.3% | -$607 | n/a |
| 47385Spiceland | $213,000 | $960* | 5.4% | 2.5% | -$706 | n/a |
| 47360Mooreland | $260,000 | $1,030* | 4.8% | 1.9% | -$981 | n/a |
| 47356Middletown | $248,000 | $980* | 4.8% | 1.9% | -$950 | n/a |
| 47386Springport | $267,000 | $990* | 4.4% | 1.6% | -$1,093 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.4%
- Rent, 12 months
- +3.9%
- Rent minus price growth
- +1.5 pts
- Property tax
- 0.73%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $144,927 | n/a |
| Aug 2022 | $165,987 | n/a |
| Aug 2023 | $170,323 | n/a |
| Aug 2024 | $180,090 | n/a |
| Aug 2025 | $189,892 | $771 |
| Aug 2026 | $194,492 | $801 |
HUD Fair Market Rent
FY2027, Henry County, IN
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $805 | $810 | $1,014 | $1,208 | $1,333 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 3.1
- 58 units, last 12 months
- National percentile
- 35th
- among US counties
Tools
Test a listing in Henry County against today's rate.
Open the calculatorPart of the New Castle, IN metro.
Questions
- Is Henry County good for rental property?
- The typical home here runs -$754 a month at 7.78% with 25% down. 0 of 1 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 5.6%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Henry County?
- About 0.73% of value, from Census ACS median taxes paid over median home value. On a $194,000 home that is about $1,416 a year.
- What is Fair Market Rent in Henry County?
- HUD's FY2027 Fair Market Rent here is $810 for a 1-bedroom, $1,014 for a 2-bedroom and $1,208 for a 3-bedroom. Typical cash flow at today's rate is -$754 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.