Henry County, Virginia: commercial real estate data.
Henry County, Virginia had an estimated 49,385 residents on July 1, 2024, down 3.1 percent since the 2020 census base of 50,945, across 382 square miles. 803 establishments operate here, and the SBA record carries 8 7(a) approvals worth $5.3 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 2020-202449,980
- Households21,043
- Average household size2.38
- Median household income$50,760
- Median age47.7
- Median gross rent$728 per month
- Median owner-occupied home value$134,800
- Home value to household income2.7 times
- Annual rent as a share of median income17.2 percent
- Adults 25 and over with a bachelor degree or higher15.5 percent
- Adults 25 and over with a graduate degree5.6 percent
- Adults 25 and over36,690
- Population under 189,623
- Share under 1819.3 percent
- Population 65 and over12,433
- Share 65 and over24.9 percent
- Working age population, 18 to 6427,924
- Civilian labor force21,443
- Unemployment rate4.1 percent
- Labor force participation, adults 18 and over53.1 percent
- Rank by population among Virginia counties37th of 133
- Rank by population among US county-equivalents, Puerto Rico included1014th of 3,222
Henry County is the 37th largest of 133 Virginia counties by population. A median home costs 2.7 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 24.9 percent against 19.3 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, 202449,385
- Census 2020 base population50,945
- Population change since the 2020 census base-3.06 percent
- Population change, 2023 to 2024-251
- Births, 2024378
- Deaths, 2024881
- Natural change, 2024-503
- Net domestic migration, 2024240
- Net international migration, 202413
- Total net migration, 2024253
- Cumulative net domestic migration, 2021 to 2024777
- Rank by growth among US county-equivalents2753rd of 3,144
The county has lost 3.06 percent of its population since the 2020 census base. Deaths exceeded births in 2024 by more than net migration added, so the population fell even though more people moved in than left.
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 arriving1,058
- People arriving, from those returns2,021
- Tax returns filed by households leaving952
- Net household movement106
- Adjusted gross income arriving$44.8 m
- Net adjusted gross income movement$1.4 m
- Average income of an arriving household$42,340
- Average income of a leaving household$45,551
- Largest single originMartinsville city (269 households)
- Largest single destinationMartinsville city (256 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Martinsville city | 269 | 536 | $11.7 m |
| Franklin County | 81 | 156 | $3.1 m |
| Patrick County | 69 | 122 | $2.2 m |
| Rockingham County | 50 | 95 | $1.6 m |
| Pittsylvania County | 46 | 90 | $1.7 m |
| Guilford County | 27 | 45 | $940,000 |
| Danville city | 26 | 51 | $997,000 |
| Roanoke city | 21 | 53 | $727,000 |
Households arriving report $3,211 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Martinsville city, 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
Employment by industry in Henry County
- Covered employment, annual average15,729
- Establishments reporting1,717
- Average annual pay$45,753
- Average weekly wage$880
- Manufacturing, employment4,472
- Manufacturing, average annual pay$55,980
- Health care and social assistance, employment1,661
- Health care and social assistance, average annual pay$40,408
- Retail trade, employment1,595
- Retail trade, average annual pay$33,147
- Transportation and warehousing, employment1,404
- Transportation and warehousing, average annual pay$46,419
- Administrative and support and waste management services, employment917
- Accommodation and food services, employment890
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 4,472 | 77 | $55,980 |
| Health care and social assistance | 1,661 | 854 | $40,408 |
| Retail trade | 1,595 | 163 | $33,147 |
| Transportation and warehousing | 1,404 | 39 | $46,419 |
| Administrative and support and waste management services | 917 | 70 | $29,041 |
| Accommodation and food services | 890 | 63 | $20,379 |
| Construction | 431 | 79 | $54,672 |
| Other services, except public administration | 417 | 126 | $34,844 |
Manufacturing is the largest private sector at 4,472 jobs, 28.4 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 industries803
- Employment at those establishments12,670
- Annual payroll$494.9 m
- Establishments per 1,000 residents16.1
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. 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, 202433
- Declared construction value permitted$9.0 m
- Single family units authorized33
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$272,576
- Units authorized per 1,000 households1.6
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 recorded8
- 7(a) gross approval dollars$5.3 m
- Average 7(a) approval$664,938
- Median 7(a) approval$287,500
- Largest single approval$2,134,500
- Jobs reported supported, 7(a)82
- Jobs per approval10.3
- Distinct 7(a) lenders active5
- Distinct industries receiving approvals6
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer37.5 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter5
- Franchise loans3
- Franchise share of approvals37.5 percent
- 504 approvals recorded3
- 504 gross approval dollars$2.3 m
- Average 504 approval$771,333
- Median 504 approval$504,000
- Distinct CDCs active2
- 504 jobs per approval7.0
- 504 jobs per million dollars approved9.1
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$7.6 m
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 recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure8
Only 0 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 lending3
- Collinsville, approvals4
- Martinsville, approvals3
- Ridgeway, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Collinsville | 4 | $2,635,000 |
| Martinsville | 3 | $550,000 |
| Ridgeway | 1 | $2,134,500 |
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 area382 sq mi
- Rank by land area among Virginia counties49th of 133
- Width, east to west25.2 mi
- Height, north to south21.7 mi
- Geographies sharing a boundary6
- Residents per square mile of land131
- Establishments per square mile2.10
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 510078
- Communities in the county in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 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 510078), 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. 100.0 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 2020-202449,980
- Households21,043
- Average household size2.38
- Median household income$50,760
- Median age47.7
Common questions
Henry County questions, answered from the record.
How many people live in Henry County, Virginia?
The Census Bureau estimates 49,385 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 49,980, in 21,043 households, ranking 37th of 133 Virginia 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 3.06 percent since the 2020 census base of 50,945, to 49,385 on July 1, 2024. In 2024 there were 378 births against 881 deaths, with net migration of 253. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Henry County?
$50,760. The median owner-occupied home is valued at $134,800, which is 2.7 times income, and median gross rent is $728 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Henry County?
803 establishments, employing 12,670 people with an annual payroll of $494.9 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 4,472 jobs, 28.4 percent of covered employment. Covered employment averages 15,729 jobs at an average annual pay of $45,753, or $880 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?
8 7(a) approvals totaling $5.3 m since FY2020, across 5 lenders, with a median approval of $287,500, plus 3 504 approvals worth $2.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Henry County?
33 housing units were authorized by permit in 2024, with a declared construction value of $9.0 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 Martinsville city, with 269 households. Arriving households report an average income of $42,340 against $45,551 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.
11 Census places lie wholly or partly in Henry County. All 11 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 |
|---|---|---|---|---|
| Collinsville | CDP | 7,139 | 4 | Wholly in this county |
| Horse Pasture | CDP | 2,236 | None recorded | Wholly in this county |
| Chatmoss | CDP | 1,563 | None recorded | Wholly in this county |
| Stanleytown | CDP | 1,386 | None recorded | Wholly in this county |
| Ridgeway | town | 1,051 | 1 | Wholly in this county |
| Bassett | CDP | 1,031 | None recorded | Wholly in this county |
| Fieldale | CDP | 783 | None recorded | Wholly in this county |
| Villa Heights | CDP | 601 | None recorded | Wholly in this county |
| Oak Level | CDP | 563 | None recorded | Wholly in this county |
| Laurel Park | CDP | 553 | None recorded | Wholly in this county |
| Sandy Level | CDP | 407 | None recorded | Wholly in this county |
A further 3 of the county's 8 SBA 7(a) approvals are to borrowers in cities that match no Census place in Henry County, the largest being Martinsville (3). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.