Hendersonville, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hendersonville Neighborhoods Since 2000




Hendersonville, 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

Hendersonville Housing Market Information

With a population of 56,018, 20,898 total housing units (homes and apartments), and a median house value of $247,085, Hendersonville real estate is some of the most expensive in Tennessee, although Hendersonville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Hendersonville, accounting for 71.48% of the city's housing units. Other types of housing that are prevalent in Hendersonville include large apartment complexes or high rise apartments ( 20.33%), row houses and other attached homes ( 3.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.47%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hendersonville. Owner-occupied housing accounts for 69.23% of Hendersonville's homes, and 67.44% have either three or four bedrooms, which is average sized relative to America.

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 2000 and later ( 22.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.34%).

Hendersonville Home Appreciation Rates

In the last 10 years, Hendersonville has experienced some of the highest home appreciation rates of any community in the nation. Hendersonville real estate appreciated 20.29% over the last ten years, which is an average annual home appreciation rate of 1.86%, putting Hendersonville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hendersonville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 8.32%, which is higher than appreciation rates in 88.20% 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 2.76%, which equates to an annual appreciation rate of 11.51%.

Importantly, this makes Hendersonville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Tennessee, our data show that Hendersonville's latest annual appreciation rate is higher than 80% of the other cities and towns in Tennessee.

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:
$247,085

Hendersonville, TN HOME PRICES

Value Range
> $1,229,000 0.8
$922,001 - $1,229,000 1.2
$615,001 - $922,000 3.9
$491,001 - $615,000 3.2
$369,001 - $491,000 10.2
$246,001 - $369,000 28.2
$123,001 - $246,000 46.8
$61,001 - $123,000 3.4
$0 - $61,000 2.4

Very High for TN
High for Nation

Value Relative to Nation Value Relative to State
22.9989452712997 6.63265306122449

Number Of Homes And Apartments:
20,898

Hendersonville 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
56.62% 2.64% 9 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,323 / per month

Homeownership Rate

Homeownership
Owners 69.23
Renters 30.77
Vacant 5.43

Housing Market Details

 

Age of Homes

AGE OF Hendersonville HOMES
2000 or Newer 22.9
1970 - 1999 56.9
1940 - 1969 19.3
1939 or Older 0.8

Types of Homes

TYPE OF Hendersonville HOMES
Single-Family 71.5
Townhomes 3.9
Small Apt. Buildings 3.5
Apt. Complexes 20.3
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Hendersonville HOMES
No Bedroom 1.97
1 Bedroom 9.57
2 Bedrooms 17.45
3 Bedrooms 42.35
4 Bedrooms 25.09
5 or more bedrooms 3.56