Hendersonville, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hendersonville Neighborhoods Since 2000




Hendersonville, 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

Hendersonville Housing Market Information

With 13,814 people, 6,193 houses or apartments, and a median cost of homes of $173,814, Hendersonville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Hendersonville, accounting for 39.29% of the city's housing units. Other types of housing that are prevalent in Hendersonville include large apartment complexes or high rise apartments ( 29.56%), duplexes, homes converted to apartments or other small apartment buildings ( 17.43%), and a few row houses and other attached homes ( 9.41%).

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

There is a lot of housing in Hendersonville 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 Hendersonville built between 1940-1969 ( 21.27%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.53%). There's also some housing in Hendersonville built before 1939 ( 11.80%).

Vacant housing appears to be an issue in Hendersonville. Fully 15.65% of the housing stock is classified as vacant. Left unchecked, vacant Hendersonville homes and apartments can be a drag on the real estate market, holding Hendersonville 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.

Hendersonville Home Appreciation Rates

Real estate appreciation rates in Hendersonville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.20% during the period.

Appreciation rates are so strong in Hendersonville that despite a nationwide downturn in the housing market, Hendersonville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hendersonville appreciation rates continue to be some of the highest in America, at 6.15%, which is higher than appreciation rates in 75.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hendersonville. Hendersonville appreciation rates in the latest quarter were at 1.50%, which equates to an annual appreciation rate of 6.15%.

Relative to North Carolina, our data show that Hendersonville's latest annual appreciation rate is higher than 80% 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 Hendersonville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hendersonville - 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 Hendersonville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$173,814

Hendersonville, NC HOME PRICES

Value Range
> $1,145,000 0.3
$859,001 - $1,145,000 0.4
$572,001 - $859,000 1.3
$458,001 - $572,000 2.9
$343,001 - $458,000 7.7
$229,001 - $343,000 19.1
$114,001 - $229,000 43.3
$57,001 - $114,000 17.3
$0 - $57,000 7.7

High for NC
Average for Nation

Value Relative to Nation Value Relative to State
40.3140747685457 32.3049001814882

Number Of Homes And Apartments:
6,193

Hendersonville 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
45.98% 2.22% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$945 / per month

Homeownership Rate

Homeownership
Owners 42.22
Renters 57.78
Vacant 15.65

Housing Market Details

 

Age of Homes

AGE OF Hendersonville HOMES
2000 or Newer 17.5
1970 - 1999 49.4
1940 - 1969 21.3
1939 or Older 11.8

Types of Homes

TYPE OF Hendersonville HOMES
Single-Family 39.3
Townhomes 9.4
Small Apt. Buildings 17.4
Apt. Complexes 29.6
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Hendersonville HOMES
No Bedroom 6.66
1 Bedroom 17.68
2 Bedrooms 41.47
3 Bedrooms 27.72
4 Bedrooms 4.85
5 or more bedrooms 1.62