Counties / Ohio / Henry County

Henry County, OH

FIPS 39069 · population 27,567 · outside every metro area

$218k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$218k
▲ 5.5% year over year
Zillow ZHVI · direct
Median asking rent
$871
n/a year over year
Zillow ZORI · direct
Gross yield
4.8%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$982
market rent is 0.89x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+46.2%not annualized · through 2025
0%ZILLOW ZHVI2026-06+5.5%FHFA HPI2025+4.3%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$169k
Surveyed gross rent$849
Rent burden 30%+31.3%
Median year built1964
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
5.3%vacant
12,096estimated housing units
Occupied tenure17.5% renter
owner 82.5%renter 17.5%
Structure mix85.3% single-family
Single-family 85.3%20+ units 1.1%Mobile home 6.1%Other 7.5%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs10,702▲ 1.1% from the prior annual release
Covered establishments681annual average reporting locations
Average weekly wage$1,096▲ 4.3% from the prior annual release
Largest private supersectorManufacturing33.2% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+1.1%WEEKLY WAGE+4.3%Manufacturing33.2%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Henry County presents a measurable but narrow income case: Zillow’s county median home value was $218,245 in 2026-06, while measured median asking rent was $871 per month and the published gross yield was 4.79% before costs. That fits an investigator willing to validate property-level expenses; an underwriter seeking dependable exit liquidity or low hazard exposure should be cautious. Inland flood is the dominant hazard, so the headline yield is not a net-return conclusion.

02Housing economics

Zillow’s 2026-06 value increased 5.45% year over year. Separately, the FHFA repeat-transaction HPI increased in 2025, directionally consistent but not comparable as a home value or the same time frame. The published rent is market asking rent; HUD’s two-bedroom FMR is a payment standard, not market rent and cannot replace it. The 1.17% effective property-tax rate is a recurring carrying-cost input, while the stated yield excludes taxes, insurance, vacancy, repairs and financing. Property-level tax bills and insurance quotes are not published, preventing net-yield underwriting.

03Demand & competition

Realtor.com’s 2026-06 MLS market showed 35 active listings, a 37-day median marketing time, and a 9.8% price-reduced share; median days on market were 39.62% higher year over year. These are visible asking-market supply and seller-concession signals, not closed-sale prices or standalone proof of buyer demand. Tax-return migration was nearly balanced, while incoming movers’ average income exceeded outgoing movers’ average. QCEW’s 2025 data cover workplaces rather than residents; Manufacturing is the largest disclosed private supersector, not the whole economy.

04Risk & next checks

Non-occupants accounted for 9 of 244 purchase mortgages, or 3.69%, indicating limited recorded investor participation but not establishing cash-buyer competition. Modeled expected annual building-value loss is 0.17%, aligned with the inland-flood designation; this is modeled loss, not a property insurance quote. Next checks are parcel flood zone and insurance, lease-level achieved rents and turnover, property taxes, closed sales, and neighborhood-level inventory. Those missing items prevent conclusions on net cash flow, resale execution, and property-specific climate cost.

Cities & communities

Where people live within Henry County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Napoleon city8.8KDeshler village1.7KHolgate village1KLiberty Center village973McClure village724Hamler village630Malinta village324Ridgeville Corners CDP279
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

10 Census places

Population
  1. 01
    Napoleon cityIncorporated place
    8,802
  2. 02
    Deshler villageIncorporated place
    1,728
  3. 03
    Holgate villageIncorporated place
    1,012
  4. 04
    Liberty Center villageIncorporated place
    973
  5. 05
    McClure villageIncorporated place
    724
  6. 06
    Hamler villageIncorporated place
    630
  7. 07
    Malinta villageIncorporated place
    324
  8. 08
    Ridgeville Corners CDPCensus-designated place
    279
  9. 09
    Florida villageIncorporated place
    247
  10. 10
    New Bavaria villageIncorporated place
    80

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.175% of building value expected lost per year

Effective property tax1.17%

$1,970 median annual bill

02
DemandIRS SOI household flows
Net migration+5

646 in · 641 out

Arriving vs leaving income+$5,227

$52,447 arriving · $47,220 leaving

03
CompetitionHMDA financed purchases
Purchases by investors3.7%

9 of 244 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings35▲ 4.5% year over year
Median days on market37▲ 39.6% year over year
Listings price-reduced9.8%seller-concession signal
Median listing pricen/a▲ 21.3% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Bear case

What can break the county thesis

  1. Flood-related insurance, repairs or lost use could reduce return below the stated pre-cost yield.
  2. MLS listing conditions may not convert into comparable closed-sale liquidity or resale pricing.
  3. Countywide workplace, migration and mortgage data may conceal neighborhood-level tenant depth and buyer competition.
Underwriting questions

Before pricing a property

Is a market-rent-based gross yield available?

Yes. Market asking rent and a pre-cost gross yield are published; HUD FMR is separately identified as a payment standard.

Does the record establish closed-sale buyer demand?

No. Realtor.com provides MLS active-listing evidence, not closed-sale prices or proof of buyer demand by itself.

What does the migration evidence show?

Tax-return flows are nearly balanced, and incoming moving households have higher average income than outgoing households.