Henderson, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Henderson Neighborhoods Since 2000




Henderson, TN 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 a population of 6,552, 1,968 total housing units (homes and apartments), and a median house value of $104,925, 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 77.32% 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 ( 10.93%), large apartment complexes or high rise apartments ( 7.92%), and a few mobile homes or trailers ( 2.57%).

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 44.98% owning and 55.02% 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 ( 26.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.80%). There's also some housing in Henderson built before 1939 ( 5.27%).

Vacant housing appears to be an issue in Henderson. Fully 14.32% 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

Real estate appreciation rates in Henderson's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.22% during the period.

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 -0.34%, 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 1.58%, which equates to an annual appreciation rate of 6.46%.

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

Average Home Values

 

Median Home Value:
$104,925

Henderson, TN HOME PRICES

Value Range
> $1,041,000 0.0
$781,001 - $1,041,000 0.1
$520,001 - $781,000 2.9
$416,001 - $520,000 0.0
$312,001 - $416,000 3.2
$208,001 - $312,000 7.6
$104,001 - $208,000 36.9
$52,001 - $104,000 40.8
$0 - $52,000 8.5

Low for TN
Low for Nation

Value Relative to Nation Value Relative to State
74.3788819875776 67.3469387755102

Number Of Homes And Apartments:
1,968

Henderson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
17.67% 0.95% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$712 / per month

Homeownership Rate

Homeownership
Owners 44.98
Renters 55.02
Vacant 14.32

Housing Market Details

 

Age of Homes

AGE OF Henderson HOMES
2000 or Newer 15.8
1970 - 1999 52.3
1940 - 1969 26.6
1939 or Older 5.3

Types of Homes

TYPE OF Henderson HOMES
Single-Family 77.3
Townhomes 1.3
Small Apt. Buildings 10.9
Apt. Complexes 7.9
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Henderson HOMES
No Bedroom 0.74
1 Bedroom 8.88
2 Bedrooms 34.48
3 Bedrooms 45.19
4 Bedrooms 9.88
5 or more bedrooms 0.83

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Zip Codes in Henderson, TN