Henry County, Illinois: commercial real estate data.
Henry County, Illinois had an estimated 48,177 residents on July 1, 2024, down 2.3 percent since the 2020 census base of 49,289, across 823 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Henry County
How many people live in Henry County
- Population, American Community Survey 2020-202448,643
- 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-equivalents, Puerto Rico included1031st of 3,222
Henry County is the 30th largest of 102 Illinois counties by population. A median home costs 2.1 times median household income, which is affordable 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 story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Henry County
Is Henry County's population growing?
- Population, July 1, 202448,177
- Census 2020 base population49,289
- Population change since the 2020 census base-2.26 percent
- Population change, 2023 to 2024-185
- 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 of 3,144
The county has lost 2.26 percent of its population since the 2020 census base. The population fell in 2024 from both sources: deaths exceeded births and more people left than moved in.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Henry County
Where are people moving to Henry County from?
- Tax returns filed by households arriving1,033
- People arriving, from those returns1,879
- Tax returns filed by households leaving1,115
- Net household movement-82
- Adjusted gross income arriving$59.7 m
- Net adjusted gross income movement$-6.1 m
- Average income of an arriving household$57,784
- Average income of a leaving household$58,964
- Largest single originRock Island County (327 households)
- Largest single destinationRock Island County (309 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Rock Island County | 327 | 627 | $19.4 m |
| Scott County | 94 | 158 | $5.3 m |
| Knox County | 49 | 77 | $1.9 m |
| Bureau County | 36 | 64 | $1.4 m |
| Mercer County | 32 | 55 | $2.1 m |
| Peoria County | 28 | 49 | $1.3 m |
| Cook County | 25 | 44 | $1.5 m |
| Stark County | 24 | 42 | $1.3 m |
Households arriving report $1,180 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Rock Island County, 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 is the Henry County economy?
- 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 the Illinois areas BEA publishes36th of 102
- Rank by GDP among the US county areas BEA publishes1256th of 3,127
- 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
Employment by industry in Henry County
- Covered employment, annual average13,805
- Establishments reporting1,020
- Average annual pay$50,950
- Average weekly wage$980
- Manufacturing, employment1,779
- Manufacturing, average annual pay$55,696
- Retail trade, employment1,682
- Retail trade, average annual pay$32,318
- Construction, employment1,160
- Construction, average annual pay$78,331
- Accommodation and food services, employment1,044
- Accommodation and food services, average annual pay$17,964
- Health care and social assistance, employment1,005
- Finance and insurance, employment647
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 1,779 | 46 | $55,696 |
| Retail trade | 1,682 | 134 | $32,318 |
| Construction | 1,160 | 134 | $78,331 |
| Accommodation and food services | 1,044 | 95 | $17,964 |
| Health care and social assistance | 1,005 | 66 | $47,987 |
| Finance and insurance | 647 | 44 | $65,628 |
| Wholesale trade | 528 | 65 | $77,025 |
| Transportation and warehousing | 348 | 56 | $57,413 |
Manufacturing is the largest private sector at 1,779 jobs, 12.9 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Henry County
How many businesses are 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. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Henry County
Building permits in Henry County
- Housing units authorized by permit, 202424
- Declared construction value permitted$9.2 m
- Single family units authorized24
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$383,883
- Units authorized per 1,000 households1.2
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Henry County
SBA loans in Henry County (7(a) and 504)
- 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$79,840
- 90th percentile approval$1,989,560
- 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
- Most active lenderCommunity State Bank (8)
- 504 approvals recorded10
- 504 gross approval dollars$7.6 m
- Average 504 approval$755,800
- Median 504 approval$523,000
- Distinct CDCs active5
- 504 jobs per approval24.6
- 504 jobs per million dollars approved32.5
- Most active CDCSmall Business Growth Corporation (4)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$23.4 m
The average approval of $545,097 sits well above the median of $340,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here 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
SBA loan default and charge-off rates in 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
Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Henry County
SBA lending by place in Henry County
- Borrower cities with recorded lending6
- Geneseo, approvals10
- Galva, approvals8
- Kewanee, approvals5
- Cambridge, approvals3
- Colona, approvals2
- Annawan, approvals1
| Borrower city | 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 large 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
Flood risk in Henry County
- Participation of the county's own NFIP community Henry County, unincorporated areasParticipating, community 170739
- Communities in the county in the NFIP Community Status Book8
- Of those, participating in the NFIP6
- NFIP participation rate75.0 percent
- Communities carrying a CRS class0
- Radon levels in Henry County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Henry County (community 170739), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Henry County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 75.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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.
- Population, American Community Survey 2020-202448,643
- 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?
The Census Bureau estimates 48,177 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has fallen 2.26 percent since the 2020 census base of 49,289, to 48,177 on July 1, 2024. 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 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 employment by industry in Henry County?
Manufacturing is the largest private sector at 1,779 jobs, 12.9 percent of covered employment. Covered employment averages 13,805 jobs at an average annual pay of $50,950, or $980 a week. 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 totaling $15.8 m since FY2020, across 14 lenders, with a median approval of $340,000, plus 10 504 approvals worth $7.6 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Henry County?
24 housing units were authorized 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 Rock Island County, with 327 households. Arriving households report an average income of $57,784 against $58,964 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?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Henry County
Cities and places in Henry.
19 Census places lie wholly or partly in Henry County. All 19 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Kewanee | city | 11,913 | 5 | Wholly in this county |
| Geneseo | city | 6,673 | 10 | Wholly in this county |
| Colona | city | 5,139 | 2 | Wholly in this county |
| Coal Valley | village | 4,229 | None recorded | 25.1 percent here, 74.9 percent Rock Island County |
| Galva | city | 2,454 | 8 | Wholly in this county |
| Cambridge | village | 2,128 | 3 | Wholly in this county |
| Orion | village | 1,812 | None recorded | Wholly in this county |
| Atkinson | town | 982 | None recorded | Wholly in this county |
| Annawan | town | 865 | 1 | 90.4 percent here, 9.6 percent Bureau County |
| Alpha | village | 831 | None recorded | Wholly in this county |
| Woodhull | village | 731 | None recorded | Wholly in this county |
| Andover | village | 434 | None recorded | Wholly in this county |
| Cleveland | village | 208 | None recorded | Wholly in this county |
| Hooppole | village | 182 | None recorded | Wholly in this county |
| Bishop Hill | village | 134 | None recorded | Wholly in this county |
| Ophiem | CDP | 92 | None recorded | Wholly in this county |
| Osco | CDP | 74 | None recorded | Wholly in this county |
| Nekoma | CDP | 49 | None recorded | Wholly in this county |
| Lynn Center | CDP | 36 | None recorded | Wholly in this county |
Nearby