The typical owner-occupied home in Henderson is worth about $77,500, 63% below the Iowa median of $208,000 and 77% below the national median of $332,700. Owners pay a median $1,219 a year in property taxes, about 1.57% of their home's value, higher than the Iowa rate of 1.39%. The median household earns $54,375 a year, so the median home costs 1.4 times the median income (2.8 times for Iowa). 94% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Henderson at a glance
| Henderson | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $77,500 | $208,000 | $332,700 |
| Median property tax paid per year | $1,219 | $2,897 | $3,119 |
| Property tax as a share of value | 1.57% | 1.39% | 0.94% |
| Median household income | $54,375 | $75,059 | $80,734 |
| Homes lived in by their owners | 94% | 72% | 65% |
| Owner homes with a mortgage | 64% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,063 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 27.0% | 18.7% | 21.0% |
| Median rent | – | $972 | $1,413 |
| Median year homes were built | 1938 | 1972 | 1980 |
| Vacant homes | 27.5% | 8.5% | 10.1% |
| Population | 143 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Henderson
At this week's average 30-year rate of 7.11%, buying the median Henderson home of $77,500 with 20% down costs about $551 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $680, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $23,604 for the 20%-down payment. That payment is 12% of the median Henderson household income of $54,375; at that income and 20% down, the 28% guideline points to a home of about $179,000.
| Down payment | $15,500 |
|---|---|
| Loan amount | $62,000 |
| Principal and interest | $417 |
| Property taxes (1.57% a year) | $101 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| PMI | $0 |
| Total per month | $551 |
Change the numbers in the calculator
| Down payment | $2,712 |
|---|---|
| Loan amount | $76,096 |
| Principal and interest | $512 |
| Property taxes (1.57% a year) | $101 |
| Homeowners insurance (our estimate, 0.5% a year) | $32 |
| FHA mortgage insurance | $34 |
| Total per month | $680 |
Change the numbers in the calculator
Questions about home buying in Henderson
What is the median home value in Henderson?
About $77,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Henderson?
Homeowners pay a median $1,219 a year, which is about 1.57% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Henderson?
For the median home with 20% down at 7.11%, the payment is about $551 a month. Keeping that under 28% of gross income takes about $23,604 a year.
More about Henderson
- Mortgage Refinance in Henderson
- Debt Relief in Henderson
- Home Equity Loans in Henderson
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data