Henry County, Iowa: commercial real estate data.
Henry County, Iowa has a population of 20,004 across 434 square miles, down 5.5 percent since the 2020 census base. County output reached $1.15 bn in 2024, 482 establishments operate here, and the SBA record carries 13 7(a) approvals worth $7.0 m.
119 sourced county values · tier FULL · 11 sections
Henry County
How many people live in Henry County
- Population20,004
- Households7,644
- Average household size2.62
- Median household income$67,436
- Median age41.1
- Median gross rent$820 per month
- Median owner-occupied home value$164,300
- Home value to household income2.4 times
- Annual rent as a share of median income14.6 percent
- Adults 25 and over with a bachelor degree or higher22.9 percent
- Adults 25 and over with a graduate degree7.2 percent
- Adults 25 and over13,864
- Population under 184,178
- Share under 1820.9 percent
- Population 65 and over4,031
- Share 65 and over20.2 percent
- Working age population, 18 to 6411,795
- Civilian labor force9,604
- Unemployment rate1.5 percent
- Labor force participation, adults 18 and over60.7 percent
- Rank by population among Iowa counties33rd of 99
- Rank by population among US county-equivalents1879th
Henry County is the 33rd largest of 99 Iowa counties by population. A median home costs 2.4 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 20.9 percent against 20.2 percent, a household formation profile rather than a retirement one.
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-5.47 percent
- Census 2020 base population20,482
- Births, 2024199
- Deaths, 2024233
- Natural change, 2024-34
- Net domestic migration, 2024-198
- Net international migration, 202420
- Total net migration, 2024-178
- Cumulative net domestic migration, 2021 to 2024-924
- Rank by growth among US county-equivalents3013th
The county has lost 5.47 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 arriving476
- People arriving, from those returns864
- Adjusted gross income arriving$23.8 m
- Net adjusted gross income movement$0
- Average income of an arriving household$50,038
- Largest single originHenry County Non-migrants (7,097 households)
- Largest single destination (7,097 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Henry County Non-migrants | 7,097 | 14,740 | $484.5 m |
| Other flows - Different State | 144 | 265 | $8.8 m |
| Other flows - Same State | 128 | 202 | $5.1 m |
| Des Moines County | 76 | 147 | $4.0 m |
| Other flows - Midwest | 65 | 111 | $3.5 m |
| Other flows - South | 43 | 95 | $3.4 m |
| Other flows - West | 36 | 59 | $2.0 m |
| Washington County | 33 | 70 | $1.3 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$1.15 bn
- County GDP, 2023$1.16 bn
- GDP change, 2023 to 2024-0.4 percent
- GDP change over five years18.6 percent
- Rank by GDP among Iowa counties43rd
- Rank by GDP among US county-equivalents1723rd
- GDP per resident$57,669
Output grew -0.4 percent in the latest year and 18.6 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 average8,137
- Establishments reporting638
- Average annual pay$52,431
- Average weekly wage$1,008
- Sector 31-33, employment1,771
- Sector 31-33, average annual pay$59,817
- Sector 48-49, employment1,012
- Sector 48-49, average annual pay$59,751
- Sector 44-45, employment908
- Sector 44-45, average annual pay$30,897
- Sector 62, employment798
- Sector 62, average annual pay$44,886
- Sector 72, employment412
- Sector 23, employment277
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 1,771 | 33 | $59,817 |
| Sector 48-49 | 1,012 | 21 | $59,751 |
| Sector 44-45 | 908 | 61 | $30,897 |
| Sector 62 | 798 | 112 | $44,886 |
| Sector 72 | 412 | 38 | $15,218 |
| Sector 23 | 277 | 40 | $54,811 |
| Sector 56 | 218 | 20 | $54,420 |
| Sector 54 | 151 | 48 | $99,768 |
The largest sector is the biggest private employer group at 1,771 jobs, 21.8 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 industries482
- Employment at those establishments6,726
- Annual payroll$297.0 m
- Establishments per 1,000 residents24.1
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, 202436
- Declared construction value permitted$7.7 m
- Single family units authorised28
- Multifamily units authorised8
- Multifamily share of units22.2 percent
- Average declared value per unit$214,572
- Units authorised per 1,000 households4.7
Multifamily is 22.2 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 recorded13
- 7(a) gross approval dollars$7.0 m
- Average 7(a) approval$540,338
- Median 7(a) approval$144,900
- 10th percentile approval$12,000
- 90th percentile approval$2,300,000
- Largest single approval$2,344,000
- Jobs reported supported, 7(a)267
- Jobs per approval20.5
- Distinct 7(a) lenders active10
- Distinct industries receiving approvals11
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer7.7 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter12
- Franchise loans2
- Franchise share of approvals15.4 percent
- Leading industry by approval countLandscaping Services (2)
- Most active lenderCommunity 1st CU (4)
- 504 approvals recorded4
- 504 gross approval dollars$2.6 m
- Average 504 approval$651,250
- Median 504 approval$607,000
- Distinct CDCs active2
- 504 jobs per approval5.0
- 504 jobs per million dollars approved7.7
- Most active CDCIowa Business Growth Company (3)
- 7(a) share of SBA approvals76.5 percent
- Combined SBA approval dollars$9.6 m
The average approval of $540,338 sits well above the median of $144,900, 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. Only 7.7 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
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 recorded4
- Paid in full4
- Charged off0
- Status: Cancelled3
- Status: Paid in full4
- Status: Exempt from disclosure6
Too few loans have reached a final outcome to publish a charge off rate. only 4 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 lending5
- MOUNT PLEASANT, approvals8
- NEW LONDON, approvals2
- Mt. Pleasant, approvals1
- Danville, approvals1
- WAYLAND, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| MOUNT PLEASANT | 8 | $6,237,200 |
| NEW LONDON | 2 | $32,300 |
| Mt. Pleasant | 1 | $144,900 |
| Danville | 1 | $495,000 |
| WAYLAND | 1 | $115,000 |
MOUNT PLEASANT accounts for 8 approvals against 2 in NEW LONDON. 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 area434 sq mi
- Rank by land area among Iowa counties83rd of 99
- Width, east to west18.2 mi
- Height, north to south24.2 mi
- Geographies sharing a boundary6
- Residents per square mile of land46
- Establishments per square mile1.11
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.
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.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- 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.
- Population20,004
- Households7,644
- Average household size2.62
- Median household income$67,436
- Median age41.1
Common questions
Henry County questions, answered from the record.
How many people live in Henry County, Iowa?
20,004, in 7,644 households, ranking 33rd of 99 Iowa counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Henry County growing?
The population has fallen 5.47 percent since the 2020 census base. In 2024 there were 199 births against 233 deaths, with net migration of -178. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Henry County?
$67,436. The median owner-occupied home is valued at $164,300, which is 2.4 times income, and median gross rent is $820 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Henry County?
482 establishments, employing 6,726 people with an annual payroll of $297.0 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 $52,431, or $1,008 a week, across 8,137 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?
13 7(a) approvals totalling $7.0 m since FY2020, across 10 lenders, with a median approval of $144,900, plus 4 504 approvals worth $2.6 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Henry County?
36 housing units were authorised by permit in 2024, with a declared construction value of $7.7 m. Multifamily was 22.2 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 7,097 households. Arriving households report an average income of $50,038 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.