Henrietta's housing market reflects its small-town, rural character, with modest single-family homes on in-town lots and a surrounding market of larger rural parcels and acreage. Housing costs are well below state and national averages, a significant draw for families, retirees, and those seeking affordability. Most residents own their homes, and the stock includes older frame houses, mid-century construction, and some newer homes, along with ranch and farm properties on the town's edges. Buyers are typically drawn by the combination of low prices, a quiet pace, and proximity to Wichita Falls, valuing space and affordability over urban amenities.

Henrietta is organized around its historic courthouse square, the center of a traditional small-town grid of residential streets lined with mature trees and a mix of housing ages. The in-town neighborhoods are walkable and close-knit, radiating outward from the downtown and the county courthouse. Beyond the city limits, the landscape opens into the rolling ranchland and farms of Clay County, with scattered homes on larger acreage. The town does not have large master-planned subdivisions; instead, its neighborhoods reflect generations of incremental growth, giving the community a cohesive, rooted feel with clear ties to the surrounding agricultural landscape.

Henrietta offers a quiet, rural lifestyle shaped by its ranching heritage and its role as the Clay County seat. Daily life moves at an unhurried pace, centered on the courthouse square, local schools, churches, and community events. The town's frontier history is a point of local pride, preserved at the 1890 Jail Museum-Heritage Center, and the surrounding ranchland reinforces the area's Western character. Residents enjoy a strong sense of community and a cost of living well below state and national averages, with many retirees drawn to the town's peaceful setting. Wichita Falls, about 20 miles to the west, provides shopping, medical care, and employment within an easy drive.

Public education in Henrietta is provided by the Henrietta Independent School District, which operates the town's public schools, including Henrietta Elementary, Middle, and High School. The district serves Henrietta and the surrounding rural areas of Clay County, and its schools are a central part of community life in this small town. The district's scale allows for close relationships between families, students, and staff, and its athletics and activities provide a focal point for the community. For higher education and additional programs, residents are within reach of Midwestern State University in Wichita Falls and other regional institutions.

Henrietta is connected to the region by U.S. Highways 82 and 287, which link the city to Wichita Falls to the west and provide access to the broader North Texas highway network. The town's position about 20 miles east of Wichita Falls places employment, shopping, medical care, and the nearest commercial airport within a short drive. Commuting to Wichita Falls is straightforward, and the city's role as the Clay County seat draws regional traffic for government services. Within Henrietta, the compact street grid is easy to navigate, and personal vehicles are the primary means of travel, consistent with the area's rural character.

Recreation in Henrietta reflects its North Texas ranchland setting and its frontier heritage. The 1890 Jail Museum-Heritage Center offers a window into early Clay County history, with Old West artifacts, ranching displays, and archives of family histories. The surrounding countryside supports hunting, fishing, and other rural outdoor pursuits, and the nearby lakes of the Wichita Falls area — including Lake Arrowhead — provide boating and fishing within a short drive. Community events centered on the courthouse square and local schools offer year-round gathering points, while Wichita Falls brings additional recreational and cultural amenities, including parks, museums, and sports facilities, within about 20 miles.