Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 6,423 people, 1,859 houses or apartments, and a median cost of homes of $193,216, 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 75.49% of the city's housing units. Other types of housing that are prevalent in Henderson include duplexes, homes converted to apartments or other small apartment buildings ( 12.95%), large apartment complexes or high rise apartments ( 9.32%), and a few mobile homes or trailers ( 1.53%).
The most prevalent building size and type in Henderson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.72% owning and 54.28% renting.
There is a lot of housing in Henderson built from 1970 to 1999 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 between 1940-1969 ( 19.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.95%). There's also some housing in Henderson built before 1939 ( 10.46%).
Vacant housing appears to be an issue in Henderson. Fully 11.18% of the housing stock is classified as vacant. Left unchecked, vacant Henderson homes and apartments can be a drag on the real estate market, holding Henderson real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Henderson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.67%, which ranks in the top 50% nationwide. This equates to an annual average Henderson house appreciation rate of 6.33%.
Appreciation rates are so strong in Henderson that despite a nationwide downturn in the housing market, Henderson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Henderson appreciation rates continue to be some of the highest in America, at 5.96%, which is higher than appreciation rates in 71.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Henderson. Henderson appreciation rates in the latest quarter were at 0.36%, which equates to an annual appreciation rate of 1.46%.
Notably, Henderson's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Tennessee, our data show that Henderson's latest annual appreciation rate is higher than 70% of the other cities and towns in Tennessee.
$193,216
for Tennessee
for nation
1,859
$1,265 / per month