Quick facts: Henryville, IN

Quick Facts

95.3
Cost of Living
below US average
1,837
Population
6.53
Crime Rate per 1000
below US average
$72,768
Median Income
below US average
$399,000
Median House Price
above US average
$1317
Average Rent
below US average
9%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $72,768.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $399,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $72,768
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Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1317/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($72,768) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Henryville, IN

Henryville is a small town located in Clark County, Indiana. Nestled just north of the Ohio River, it is part of the Louisville metropolitan area. With a population of around 1,500 residents, Henryville boasts a tight-knit community atmosphere and a friendly ambiance. The town is characterized by its quaint surroundings, featuring charming homes and local businesses. The scenic countryside and nearby parks offer opportunities for outdoor activities such as hiking and picnicking. Henryville also has a historical significance, with several landmarks that reflect its rich past. Henryville is known for its strong community spirit and hosts various local events throughout the year, fostering connections among residents. The town maintains a focus on family-friendly activities and education, with the local schools being an integral part of the community. Access to nearby larger cities such as Louisville, Kentucky, provides residents with additional amenities, shopping, and entertainment options while allowing them to enjoy the tranquility of small-town life. Overall, Henryville offers a peaceful environment with a welcoming community and easy access to urban conveniences.

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