Henderson, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Henderson, KY Real Estate Data


Henderson Housing Market Information

With 28,890 people, 12,405 houses or apartments, and a median cost of homes of $112,556, 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 59.43% of the city's housing units. Other types of housing that are prevalent in Henderson include large apartment complexes or high rise apartments ( 15.44%), duplexes, homes converted to apartments or other small apartment buildings ( 14.40%), and a few mobile homes or trailers ( 8.30%).

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 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 ( 34.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.96%). There's also some housing in Henderson built before 1939 ( 11.94%).

Henderson Home Appreciation Rates

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 11.46%, which ranks in the top 40% nationwide. This equates to an annual average Henderson house appreciation rate of 1.09%.

Over the last year, Henderson appreciation rates have trailed the rest of the nation. In the last twelve months, Henderson's appreciation rate has been 3.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Henderson were at 0.95%, which equates to an annual appreciation rate of 3.87%.

Notably, Henderson's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Kentucky, our data show that Henderson's latest annual appreciation rate is lower than 60% 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 2000, to assist you in making the best Henderson real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$112,556

Henderson, KY HOME PRICES

Value Range
> $1,109,000 0.3
$831,001 - $1,109,000 0.0
$555,001 - $831,000 0.5
$444,001 - $555,000 0.7
$333,001 - $444,000 3.0
$222,001 - $333,000 7.4
$111,001 - $222,000 31.5
$55,001 - $111,000 36.0
$0 - $55,000 20.5

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
70.7325642677285 42.8571428571429

Number Of Homes And Apartments:
12,405

Rent & Ownership

 

Average Market Rent:
$735 / per month

Homeownership Rate

Homeownership
Owners 52.67
Renters 47.33
Vacant 7.72

Housing Market Details

 

Age of Homes

AGE OF Henderson HOMES
2000 or Newer 12.0
1970 - 1999 42.1
1940 - 1969 34.0
1939 or Older 11.9

Types of Homes

TYPE OF Henderson HOMES
Single-Family 59.4
Townhomes 2.3
Small Apt. Buildings 14.4
Apt. Complexes 15.4
Mobile Homes 8.3
Other 0.1

Home Size

SIZE OF Henderson HOMES
No Bedroom 1.87
1 Bedroom 13.44
2 Bedrooms 37.32
3 Bedrooms 36.78
4 Bedrooms 8.71
5 or more bedrooms 1.87

Henderson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
29.44% 1.53% 4 3
* 10 is highest