Henry County, Tennessee: commercial real estate data.
Henry County, Tennessee has a population of 32,412 across 562 square miles, up 2.1 percent since the 2020 census base. County output reached $1.72 bn in 2024, 714 establishments operate here, and the SBA record carries 3 7(a) approvals worth $2.7 m.
112 sourced county values · tier FULL · 10 sections
Henry County
How many people live in Henry County
- Population32,412
- Households13,452
- Average household size2.41
- Median household income$50,613
- Median age45.8
- Median gross rent$761 per month
- Median owner-occupied home value$160,200
- Home value to household income3.2 times
- Annual rent as a share of median income18.0 percent
- Adults 25 and over with a bachelor degree or higher19.1 percent
- Adults 25 and over with a graduate degree6.5 percent
- Adults 25 and over23,538
- Population under 186,439
- Share under 1819.9 percent
- Population 65 and over7,766
- Share 65 and over24.0 percent
- Working age population, 18 to 6418,207
- Civilian labor force13,886
- Unemployment rate4.8 percent
- Labor force participation, adults 18 and over53.5 percent
- Rank by population among Tennessee counties48th of 95
- Rank by population among US county-equivalents1412th
Henry County is the 48th largest of 95 Tennessee counties by population. A median home costs 3.2 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 24.0 percent against 19.9 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 base2.13 percent
- Census 2020 base population32,196
- Births, 2024301
- Deaths, 2024506
- Natural change, 2024-205
- Net domestic migration, 2024626
- Net international migration, 202411
- Total net migration, 2024637
- Cumulative net domestic migration, 2021 to 20241,773
- Rank by growth among US county-equivalents1137th
The county has grown 2.13 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
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 arriving907
- People arriving, from those returns1,747
- Adjusted gross income arriving$47.3 m
- Net adjusted gross income movement$0
- Average income of an arriving household$52,170
- Largest single originHenry County Non-migrants (11,973 households)
- Largest single destination (11,973 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Henry County Non-migrants | 11,973 | 24,047 | $824.5 m |
| Other flows - Different State | 424 | 806 | $27.4 m |
| Other flows - South | 175 | 338 | $10.4 m |
| Other flows - Same State | 155 | 310 | $4.3 m |
| Other flows - Midwest | 129 | 231 | $9.5 m |
| Other flows - West | 97 | 201 | $6.5 m |
| Carroll County | 74 | 152 | $3.1 m |
| Weakley County | 58 | 104 | $2.6 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$1.72 bn
- County GDP, 2023$1.79 bn
- GDP change, 2023 to 2024-3.6 percent
- GDP change over five years35.1 percent
- Rank by GDP among Tennessee counties40th
- Rank by GDP among US county-equivalents1406th
- GDP per resident$53,145
Output grew -3.6 percent in the latest year and 35.1 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 average11,772
- Establishments reporting834
- Average annual pay$47,711
- Average weekly wage$918
- Sector 31-33, employment2,333
- Sector 31-33, average annual pay$53,257
- Sector 44-45, employment1,663
- Sector 44-45, average annual pay$39,142
- Sector 72, employment1,025
- Sector 72, average annual pay$17,436
- Sector 62, employment981
- Sector 62, average annual pay$48,346
- Sector 42, employment482
- Sector 23, employment405
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 2,333 | 56 | $53,257 |
| Sector 44-45 | 1,663 | 138 | $39,142 |
| Sector 72 | 1,025 | 76 | $17,436 |
| Sector 62 | 981 | 112 | $48,346 |
| Sector 42 | 482 | 36 | $50,918 |
| Sector 23 | 405 | 61 | $48,600 |
| Sector 56 | 373 | 32 | $47,819 |
| Sector 52 | 355 | 54 | $63,863 |
The largest sector is the biggest private employer group at 2,333 jobs, 19.8 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 industries714
- Employment at those establishments9,513
- Annual payroll$409.7 m
- Establishments per 1,000 residents22.0
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, 202419
- Declared construction value permitted$1.6 m
- Single family units authorised19
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$82,448
- Units authorised per 1,000 households1.4
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 recorded3
- 7(a) gross approval dollars$2.7 m
- Average 7(a) approval$897,000
- Median 7(a) approval$1,165,000
- 10th percentile approval$40,000
- 90th percentile approval$1,486,000
- Largest single approval$1,486,000
- Jobs reported supported, 7(a)42
- Jobs per approval14.0
- Distinct 7(a) lenders active3
- Distinct industries receiving approvals3
- Median 7(a) term300 months
- Share of loans on real estate terms, 240 months or longer66.7 percent
- Loans on real estate terms2
- Loans on working capital terms, 120 months or shorter1
- Franchise loans1
- Franchise share of approvals33.3 percent
- Leading industry by approval countSnack and Nonalcoholic Beverage Bars (1)
- Most active lenderCommunity Financial Services Bank (1)
- 504 approvals recorded2
- 504 gross approval dollars$1.2 m
- Average 504 approval$609,500
- Median 504 approval$657,000
- Distinct CDCs active1
- 504 jobs per approval10.0
- 504 jobs per million dollars approved16.4
- Most active CDCBrightbridge, Inc. (2)
- 7(a) share of SBA approvals60.0 percent
- Combined SBA approval dollars$3.9 m
The average approval of $897,000 sits close to the median of $1,165,000, so lending here is fairly evenly sized rather than driven by a few large deals. 66.7 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 recorded1
- Paid in full1
- Charged off0
- Status: Exempt from disclosure2
- Status: Paid in full1
Too few loans have reached a final outcome to publish a charge off rate. only 1 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
How big is Henry County
- Land area562 sq mi
- Rank by land area among Tennessee counties22nd of 95
- Width, east to west30 mi
- Height, north to south26.3 mi
- Geographies sharing a boundary4
- Residents per square mile of land58
- Establishments per square mile1.27
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.
- Population32,412
- Households13,452
- Average household size2.41
- Median household income$50,613
- Median age45.8
Common questions
Henry County questions, answered from the record.
How many people live in Henry County, Tennessee?
32,412, in 13,452 households, ranking 48th of 95 Tennessee counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Henry County growing?
The population has grown 2.13 percent since the 2020 census base. In 2024 there were 301 births against 506 deaths, with net migration of 637. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Henry County?
$50,613. The median owner-occupied home is valued at $160,200, which is 3.2 times income, and median gross rent is $761 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Henry County?
714 establishments, employing 9,513 people with an annual payroll of $409.7 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 $47,711, or $918 a week, across 11,772 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?
3 7(a) approvals totalling $2.7 m since FY2020, across 3 lenders, with a median approval of $1,165,000, plus 2 504 approvals worth $1.2 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Henry County?
19 housing units were authorised by permit in 2024, with a declared construction value of $1.6 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 3, a predicted average indoor radon screening level less than 2 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 11,973 households. Arriving households report an average income of $52,170 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.