Henderson County, Kentucky Housing Market Prices
Henderson County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 51% below the Kentucky median Cheaper than 70% of counties in Kentucky$57,499
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Median rent 20% below the Kentucky median$777
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Henderson County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,499 | $118,017 | $248,835 |
| Price Trend (Annual %) | -6.0% | 3.8% | 7.5% |
| Median Gross Rent | $777 | $967 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Henderson County is about 51% lower than in Kentucky. Rent is about 20% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Henderson County: home prices fell about 6.0% a year while rent rose about 2.9% a year. That is an unusual pattern worth watching.
Median rent in Henderson County rose about 26.9% between 2015 and 2024, from $612 to $777. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Henderson County.
Buying the median-priced home in Henderson County costs roughly 6.2 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Henderson County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Henderson County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $57,499 | $118,017 | $248,835 |
| Median Household Income | $58,734 | $64,312 | $80,455 |
| Price-to-Income Ratio | 1.0 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Henderson County fell about 48.8%, while median household income rose about 36.6% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Henderson County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.6% | 61.3% | 58.5% |
| Rental Rate | 32.3% | 28.4% | 31.2% |
| Vacancy Rate | 8.1% | 10.3% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Henderson County has a homeownership rate of 59.6%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 8.1%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Henderson County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1973 | 1981 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Henderson County was built around 1973. On average, 2.3 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Henderson County, KY Housing Compared With Nearby Counties
How Henderson County, KY compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Henderson County, KY | 44,257 | $57,499 #2/2 | $777 #2/2 | 64.9% #2/2 |
| Vanderburgh County, IN | 180,116 | $95,517 | $984 | 65.0% |
Frequently Asked Questions
Common questions about the housing market in Henderson County, Kentucky.
What is the median home price in Henderson County, Kentucky?
The median home price in Henderson County, Kentucky is $57,499, lower than the Kentucky average of $118,017.
What is the average home price in Henderson County, Kentucky?
The typical home price in Henderson County, Kentucky, reported as the median sale price, is $57,499. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Henderson County, Kentucky?
The median gross rent in Henderson County, Kentucky is $777 per month, lower than the Kentucky average of $967.
What was the median gross rent in Henderson County in 2020?
In 2020, the median gross rent in Henderson County, Kentucky was $691 per month.
What is the price-to-rent ratio in Henderson County, Kentucky?
The price-to-rent ratio in Henderson County, Kentucky is about 6.2, meaning it would take roughly 6.2 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Henderson County.
Are home prices or rent rising faster in Henderson County, Kentucky?
Home prices and rent are moving in opposite directions in Henderson County: home prices fell about 6.0% a year while rent rose about 2.9% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Henderson County, Kentucky?
59.6% of households in Henderson County, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Henderson County, Kentucky?
The housing vacancy rate in Henderson County, Kentucky is 8.1%, lower than the Kentucky average of 10.3%.
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