Henry County, Illinois: commercial real estate data.
Henry County, Illinois has a population of 48,643 across 823 square miles, down 2.3 percent since the 2020 census base. County output reached $2.05 bn in 2024, 1,037 establishments operate here, and the SBA record carries 29 7(a) approvals worth $15.8 m.
125 sourced county values · tier FULL · 12 sections
Henry County
How many people live in Henry County
- Population48,643
- Households20,272
- Average household size2.40
- Median household income$71,911
- Median age43.6
- Median gross rent$842 per month
- Median owner-occupied home value$151,600
- Home value to household income2.1 times
- Annual rent as a share of median income14.1 percent
- Adults 25 and over with a bachelor degree or higher24.7 percent
- Adults 25 and over with a graduate degree8.0 percent
- Adults 25 and over34,788
- Population under 1810,516
- Share under 1821.6 percent
- Population 65 and over10,591
- Share 65 and over21.8 percent
- Working age population, 18 to 6427,536
- Civilian labor force24,431
- Unemployment rate4.8 percent
- Labor force participation, adults 18 and over64.1 percent
- Rank by population among Illinois counties30th of 102
- Rank by population among US county-equivalents1031st
Henry County is the 30th largest of 102 Illinois counties by population. A median home costs 2.1 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 21.8 percent against 21.6 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Henry County
Is Henry County growing
- Population change since the 2020 census base-2.26 percent
- Census 2020 base population49,289
- Births, 2024454
- Deaths, 2024577
- Natural change, 2024-123
- Net domestic migration, 2024-77
- Net international migration, 202415
- Total net migration, 2024-62
- Cumulative net domestic migration, 2021 to 2024-454
- Rank by growth among US county-equivalents2562nd
The county has lost 2.26 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Henry County
Where people moving to Henry County come from
- Tax returns filed by households arriving1,033
- People arriving, from those returns1,879
- Adjusted gross income arriving$59.7 m
- Net adjusted gross income movement$0
- Average income of an arriving household$57,784
- Largest single originHenry County Non-migrants (19,343 households)
- Largest single destination (19,343 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Henry County Non-migrants | 19,343 | 39,906 | $1.53 bn |
| Rock Island County | 327 | 627 | $19.4 m |
| Other flows - Different State | 265 | 517 | $15.5 m |
| Other flows - Same State | 129 | 205 | $7.1 m |
| Other flows - Midwest | 105 | 198 | $6.3 m |
| Other flows - South | 98 | 204 | $4.7 m |
| Scott County | 94 | 158 | $5.3 m |
| Other flows - West | 62 | 115 | $4.5 m |
The largest single source of arrivals is Henry County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Henry County
What the Henry County economy runs on
- County GDP, 2024$2.05 bn
- County GDP, 2023$1.98 bn
- GDP change, 2023 to 20243.7 percent
- GDP change over five years30.3 percent
- Rank by GDP among Illinois counties36th
- Rank by GDP among US county-equivalents1256th
- GDP per resident$42,096
Output grew 3.7 percent in the latest year and 30.3 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Henry County
Who employs people in Henry County
- Covered employment, annual average13,805
- Establishments reporting1,020
- Average annual pay$50,950
- Average weekly wage$980
- Sector 31-33, employment1,779
- Sector 31-33, average annual pay$55,696
- Sector 44-45, employment1,682
- Sector 44-45, average annual pay$32,318
- Sector 23, employment1,160
- Sector 23, average annual pay$78,331
- Sector 72, employment1,044
- Sector 72, average annual pay$17,964
- Sector 62, employment1,005
- Sector 52, employment647
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 1,779 | 46 | $55,696 |
| Sector 44-45 | 1,682 | 134 | $32,318 |
| Sector 23 | 1,160 | 134 | $78,331 |
| Sector 72 | 1,044 | 95 | $17,964 |
| Sector 62 | 1,005 | 66 | $47,987 |
| Sector 52 | 647 | 44 | $65,628 |
| Sector 42 | 528 | 65 | $77,025 |
| Sector 48-49 | 348 | 56 | $57,413 |
The largest sector is the biggest private employer group at 1,779 jobs, 12.9 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Henry County
What businesses operate in Henry County
- Establishments, all industries1,037
- Employment at those establishments13,162
- Annual payroll$668.7 m
- Establishments per 1,000 residents21.3
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Henry County
What is being built in Henry County
- Housing units authorised by permit, 202424
- Declared construction value permitted$9.2 m
- Single family units authorised24
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$383,883
- Units authorised per 1,000 households1.2
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Henry County
How much SBA lending happens in Henry County
- 7(a) approvals recorded29
- 7(a) gross approval dollars$15.8 m
- Average 7(a) approval$545,097
- Median 7(a) approval$340,000
- 10th percentile approval$68,400
- 90th percentile approval$1,999,800
- Largest single approval$2,253,000
- Jobs reported supported, 7(a)317
- Jobs per approval10.9
- Distinct 7(a) lenders active14
- Distinct industries receiving approvals20
- Median 7(a) term240 months
- Share of loans on real estate terms, 240 months or longer51.7 percent
- Loans on real estate terms15
- Loans on working capital terms, 120 months or shorter13
- Franchise loans2
- Franchise share of approvals6.9 percent
- Leading industry by approval countAmusement Arcades (4)
- Most active lenderCommunity State Bank (8)
- 504 approvals recorded10
- 504 gross approval dollars$7.6 m
- Average 504 approval$755,800
- Median 504 approval$678,000
- Distinct CDCs active5
- 504 jobs per approval24.6
- 504 jobs per million dollars approved32.5
- Most active CDCSmall Business Growth Corporation (4)
- 7(a) share of SBA approvals74.4 percent
- Combined SBA approval dollars$23.4 m
The average approval of $545,097 sits well above the median of $340,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. 51.7 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Henry County
Do SBA loans in Henry County get paid back
- Loans with a final outcome recorded3
- Paid in full3
- Charged off0
- Status: Paid in full3
- Status: Exempt from disclosure21
- Status: Cancelled5
Too few loans have reached a final outcome to publish a charge off rate. only 3 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Henry County
Which parts of Henry County get the lending
- Places in the county with recorded lending6
- Geneseo, approvals10
- Galva, approvals8
- Kewanee, approvals5
- Cambridge, approvals3
- COLONA, approvals2
- ANNAWAN, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Geneseo | 10 | $5,305,800 |
| Galva | 8 | $4,420,700 |
| Kewanee | 5 | $2,686,700 |
| Cambridge | 3 | $623,600 |
| COLONA | 2 | $518,000 |
| ANNAWAN | 1 | $2,253,000 |
Geneseo accounts for 10 approvals against 8 in Galva. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Henry County
How big is Henry County
- Land area823 sq mi
- Rank by land area among Illinois counties15th of 102
- Width, east to west30.2 mi
- Height, north to south30.1 mi
- Geographies sharing a boundary6
- Residents per square mile of land59
- Establishments per square mile1.26
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Henry County
What hazards affect Henry County
- EPA radon zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
- Communities in the NFIP Community Status Book8
- Of those, participating in the NFIP6
- NFIP participation rate75.0 percent
- Communities carrying a CRS class0
The EPA places the county in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Henry County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Henry County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population48,643
- Households20,272
- Average household size2.40
- Median household income$71,911
- Median age43.6
Common questions
Henry County questions, answered from the record.
How many people live in Henry County, Illinois?
48,643, in 20,272 households, ranking 30th of 102 Illinois counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Henry County growing?
The population has fallen 2.26 percent since the 2020 census base. In 2024 there were 454 births against 577 deaths, with net migration of -62. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Henry County?
$71,911. The median owner-occupied home is valued at $151,600, which is 2.1 times income, and median gross rent is $842 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Henry County?
1,037 establishments, employing 13,162 people with an annual payroll of $668.7 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Henry County?
Average annual pay is $50,950, or $980 a week, across 13,805 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Henry County?
29 7(a) approvals totalling $15.8 m since FY2020, across 14 lenders, with a median approval of $340,000, plus 10 504 approvals worth $7.6 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Henry County?
24 housing units were authorised by permit in 2024, with a declared construction value of $9.2 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Henry County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Henry County come from?
The largest single origin is Henry County Non-migrants, with 19,343 households. Arriving households report an average income of $57,784 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Henry County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Henry County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.