Henry County, IN

Home values #

Typical home $194,492 (Aug 2026), +2.4% over one year, +34.2% over five

• 34th pct · 1,997th of 3,063 US counties · median $234,566
• 21st pct · 72nd of 92 Indiana counties · median $234,055

Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.

Rents #

Typical rent $801/mo (Aug 2026), +3.9% over one year; price-to-rent 20.2

• 1st pct · 1,380th of 1,399 US counties · median $1,496
• 0th pct · 37th of 37 Indiana counties · median $1,174

Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).

What the typical home costs to carry #

Principal and interest of $1,065 a month on $194,492 at 7.28%, against an average weekly wage worth $4,234 a month: 25.1% of one job’s pay.

• payment = P·r / (1 − (1+r)^−n), P = $194,492 × 80% = $155,593, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,065/mo principal and interest
• wage share = payment / (avg weekly wage $977 × 52 / 12 = $4,234) = 25% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
• years of wages = $194,492 / ($977 × 52) = 3.8
• price-to-rent = $194,492 / ($801 × 12) = 20.2

The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.

Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.

Jobs & wages #

14,099 jobs at 935 employers (2026 Q1); +1.9% jobs and +1.9% average weekly wage over the year

• 63rd pct · 1,186th of 3,221 US counties · median 8,232
• 54th pct · 42nd of 92 Indiana counties · median 12,958

BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.

Drought #

No drought class at this point (USDM covers the United States only)

Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.

US Drought Monitor current week; the highest class of any polygon containing the point.

Reservoirs #

2 USGS reservoir gauges, no capacity figures to weight

Sites found: 2, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.

Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.

Stream gauges #

84 gauges · 0 flooding · 6 with quality panels averaging 97 % · 21 stale

Sites found: 84, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.

Groundwater #

28 wells in 1 named aquifer: Sand and gravel aquifers (glaciated regions)

Sites found: 28, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.

Water stress #

low (0.01)

Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 + 0.2×0.03 / 0.55

Banks & federal dollars #

$839.2 m in deposits at 9 offices of 5 banks (SOD June 2026); HHI 3,388, highly concentrated. $310.8 m federal obligations in FY2026 (direct payments $306.7 m, grants $4.1 m), $22,046 per covered job

Deposit concentration is 3,388 across 5 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.

HHI = Σ (share %)² over 5 banks with deposits in the county = 44.9² + 34.0² + 10.9² + … (2 more) = 3,388

FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.

Federal obligations #

USAspending place-of-performance obligations for FY2026, by awarding agency.

That is $22,046 per covered job, against 14,099 jobs in the 2026 Q1 QCEW quarter.

per job = FY2026 obligations $310.8 m / 14,099 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $22,046

USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.

National context, not this county #

These are United States, single-gauge, single-state and port series. None of them is keyed to this county.

The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.

What changed #

Henry County, IN: 8 findings, 1 at a watch level and 7 noted

1. watchHenry County, IN's typical asking rent rose 3.3% from $775 in July 2026 to $801 in August 2026, on Zillow ZORI.

   Period 2026-08.
   Show the arithmetic

   • +3.3% = (801.111111111111 - 775.1961306566958) / 775.1961306566958 × 100
   • 801.111111111111 = Zillow ZORI, 2026-08
   • 775.1961306566958 = Zillow ZORI, 2026-07

2. noteHenry County, IN's average weekly wage was 1.9% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

   Period 2026 Q1.
   Show the arithmetic

   • +1.9 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
   • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

   BLS QCEW over-the-year percent change, as published

3. noteHenry County, IN's covered employment was 1.9% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

   Period 2026 Q1.
   Show the arithmetic

   • +1.9 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
   • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

   BLS QCEW over-the-year percent change, as published

4. noteHenry County, IN's typical home value rose 0.5% from $193,530 in July 2026 to $194,492 in August 2026, on Zillow ZHVI.

   Period 2026-08.
   Show the arithmetic

   • +0.5% = (194491.52063099982 - 193529.86969654064) / 193529.86969654064 × 100
   • 194491.52063099982 = Zillow ZHVI, 2026-08
   • 193529.86969654064 = Zillow ZHVI, 2026-07

5. noteHenry County, IN's typical asking rent of $801 ranks 37th of 37 Indiana counties, against a median of $1,174.

   Period 2026-08.
   Show the arithmetic

   • 0 on the 0-to-100 scale across 37 Indiana counties that published rent.latest

   position among the entities that published this metric this period; not an official level

Read all 8 findings in the full brief

Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.