Henderson, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Henderson Neighborhoods Since 2000




Henderson, NC Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Henderson Housing Market Information

With 15,271 people, 5,547 houses or apartments, and a median cost of homes of $88,686, house prices in Henderson are some of the most affordable in North Carolina as well as the nation.

Single-family detached homes are the single most common housing type in Henderson, accounting for 66.75% 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 ( 15.15%), large apartment complexes or high rise apartments ( 11.29%), and a few mobile homes or trailers ( 4.52%).

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 41.67% owning and 58.33% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Henderson's housing was primarily built during this period, from the '40s through the '60s. A full 46.34% of the city's housing hails from this era. Other housing ages represented in Henderson include homes built between 1970-1999 ( 39.62%) and housing constructed between 2000 and later ( 8.84%). There's also some housing in Henderson built before 1939 ( 5.19%).

Vacant housing appears to be an issue in Henderson. Fully 15.85% 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.

Henderson Home Appreciation Rates

Henderson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Henderson during the period has been just -1.59%, which is lower than 80% of US communities.

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 -1.30%, 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 -0.54%, which equates to an annual appreciation rate of -2.13%.

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

Relative to North Carolina, our data show that Henderson's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

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:
$88,686

Henderson, NC HOME PRICES

Value Range
> $976,000 0.0
$732,001 - $976,000 0.1
$488,001 - $732,000 1.2
$390,001 - $488,000 1.5
$293,001 - $390,000 2.7
$195,001 - $293,000 5.9
$98,001 - $195,000 34.2
$49,001 - $98,000 38.0
$0 - $49,000 16.4

Very Low for NC
Very Low for Nation

Value Relative to Nation Value Relative to State
84.9466776045939 87.6588021778584

Number Of Homes And Apartments:
5,547

Henderson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-3.95% -0.23% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$819 / per month

Homeownership Rate

Homeownership
Owners 41.67
Renters 58.33
Vacant 15.85

Housing Market Details

 

Age of Homes

AGE OF Henderson HOMES
2000 or Newer 8.8
1970 - 1999 39.6
1940 - 1969 46.3
1939 or Older 5.2

Types of Homes

TYPE OF Henderson HOMES
Single-Family 66.7
Townhomes 2.3
Small Apt. Buildings 15.2
Apt. Complexes 11.3
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Henderson HOMES
No Bedroom 7.01
1 Bedroom 9.27
2 Bedrooms 32.13
3 Bedrooms 39.52
4 Bedrooms 9.63
5 or more bedrooms 2.44