Henderson, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Henderson, TX Real Estate Data


Henderson Housing Market Information

With a population of 13,529, 3,947 total housing units (homes and apartments), and a median house value of $126,052, 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 82.12% of the city's housing units. Other types of housing that are prevalent in Henderson include large apartment complexes or high rise apartments ( 9.62%), duplexes, homes converted to apartments or other small apartment buildings ( 6.64%).

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 50.65% owning and 49.35% 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 ( 42.78%). A lesser amount of the housing stock also hails from before 1939 ( 10.41%). There's also some housing in Henderson built between 2000 and later ( 3.68%).

Vacant housing appears to be an issue in Henderson. Fully 10.90% 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

In the last 10 years, Henderson has experienced some of the highest home appreciation rates of any community in the nation. Henderson real estate appreciated 37.36% over the last ten years, which is an average annual home appreciation rate of 3.23%, putting Henderson in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Henderson definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 2.92%, 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 -0.14%, which equates to an annual appreciation rate of -0.55%.

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

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

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:
$126,052

Henderson, TX HOME PRICES

Value Range
> $1,202,000 0.0
$901,001 - $1,202,000 0.0
$601,001 - $901,000 0.8
$481,001 - $601,000 0.5
$360,001 - $481,000 3.6
$241,001 - $360,000 11.3
$120,001 - $241,000 37.1
$60,001 - $120,000 35.6
$0 - $60,000 11.0

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
63.1112022017919 46.8932038834951

Number Of Homes And Apartments:
3,947

Rent & Ownership

 

Average Market Rent:
$821 / per month

Homeownership Rate

Homeownership
Owners 50.65
Renters 49.35
Vacant 10.90

Housing Market Details

 

Age of Homes

AGE OF Henderson HOMES
2000 or Newer 3.7
1970 - 1999 43.1
1940 - 1969 42.8
1939 or Older 10.4

Types of Homes

TYPE OF Henderson HOMES
Single-Family 82.1
Townhomes 0.7
Small Apt. Buildings 6.6
Apt. Complexes 9.6
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Henderson HOMES
No Bedroom 1.04
1 Bedroom 3.32
2 Bedrooms 24.97
3 Bedrooms 59.57
4 Bedrooms 9.71
5 or more bedrooms 1.40

Henderson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
94.34% 3.99% 9 10
* 10 is highest

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Zip Codes in Henderson, TX