henry-county · Tennessee
Henry County
ZIP 38222
32,345 residents17 permits TTM$48,540 median HHI7 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$145,200
ACS 5-Year
Cap rate proxy
6.1%
FMR × 0.65 ÷ Home Value
Rent-to-income
18.3%
HUD FMR ÷ ACS HHI
Net migration
+1.01%
IRS SOI
Permits (TTM)
17
Census BPS
Climate risk
84.7
FEMA NRI (0–100)
ZIP 38222
Median home value
—
Gross yield
—
Cap rate
3.2%
Rent gap
—
Affordability
P/I: 5.8R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown7 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 38231 | — | — | — | 4.6% | — |
| 38236 | — | — | — | 6.1% | — |
| 38256 | — | — | — | 4.6% | — |
| 38224 | — | — | — | 6.1% | — |
| 38251 | — | — | — | 4.3% | — |
Ranked by composite score
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Demographics
Owner-occupied
75.6%
Census ACS
Vacancy rate
22.5%
Census ACS
Bachelor's degree +
18.6%
Census ACS
Rent burdened
29.8%
Census ACS (>30% income)
Median age
45.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026