Henderson appreciation rates and housing market information

Henderson housing market information

With 27,385 people, 12,663 houses or apartments, and a median cost of homes of $103,762, house prices in Henderson are solidly below the national average.

single-family detached homes are the single most common housing type in Henderson, accounting for 58.29% of the city's housing units. Other types of housing that are prevalent in Henderson include large apartment complexes or high rise apartments (15.77%), duplexes, homes converted to apartments, or other small apartment buildings (14.78%), mobile homes or trailers (9.38%), and a few row houses and other attached homes (1.68%).

People in Henderson primarily live in small (one, two, or no bedroom) single-family detached homes. Henderson has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Henderson built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Henderson built from 1940-1969 (35.24%). A lesser amount of the housing stock also hails from 1939 and earlier (14.36%), and some were built from 1995 and later (14.36%).

Henderson home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Henderson, where house values have increased just 36.20%, which is an average annual increase of 3.62%. NeighborhoodScout's data show that in the latest quarter, Henderson house values appreciated 1.79%, which is an annualized rate of 7.16%. This rate is lower than the appreciation rate found in 10% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Henderson home appreciation rates, at -0.14%, have been at or slightly above the national average. In the latest quarter, Henderson's appreciation rate has been 1.79%, which annualizes to a rate of 7.16%.

Importantly, this makes Henderson one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Kentucky, our data show that Henderson's latest annual appreciation rate is higher than 10% of the other cities and towns in Kentucky.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Henderson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Henderson - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Henderson real estate investment or home purchase decisions.