Henderson County, Tennessee 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 31% below the Tennessee median$177,381
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Median rent 37% below the Tennessee median Cheaper than 80% of counties in Tennessee$744
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Henderson County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,381 | $255,786 | $248,835 |
| Price Trend (Annual %) | 4.2% | 9.9% | 7.5% |
| Median Gross Rent | $744 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 2.8% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Henderson County is about 31% lower than in Tennessee. Rent is about 37% lower than the Tennessee average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Henderson County, up about 4.2% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Henderson County rose about 25.0% between 2015 and 2024, from $596 to $744. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Henderson County.
Buying the median-priced home in Henderson County costs roughly 19.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Henderson County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Henderson County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $177,381 | $255,786 | $248,835 |
| Median Household Income | $54,509 | $69,901 | $80,455 |
| Price-to-Income Ratio | 3.3 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Henderson County rose about 11.5%, while median household income rose about 31.7% 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 | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.7% | 60.1% | 58.5% |
| Rental Rate | 22.6% | 29.7% | 31.2% |
| Vacancy Rate | 15.8% | 10.2% | 10.2% |
| Median Tenure (years) | 18.0 | 14.0 | 15.0 |
| Median Year Moved In | 2008 | 2012 | 2011 |
Henderson County has a homeownership rate of 61.7%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 15.8%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Henderson County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.53 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1985 | 1986 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Henderson County was built around 1985. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 18.0 years on average.
Henderson County, TN Housing Compared With Nearby Counties
How Henderson County, TN compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Henderson County, TN | 27,980 | $177,381 #3/3 | $744 #3/3 | 73.2% #2/3 |
| Decatur County, TN | 11,579 | $210,106 | $757 | 74.3% |
| Madison County, TN | 99,295 | $209,810 | $1,123 | 62.0% |
Frequently Asked Questions
Common questions about the housing market in Henderson County, Tennessee.
What is the median home price in Henderson County, Tennessee?
The median home price in Henderson County, Tennessee is $177,381, lower than the Tennessee average of $255,786.
What is the average home price in Henderson County, Tennessee?
The typical home price in Henderson County, Tennessee, reported as the median sale price, is $177,381. 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, Tennessee?
The median gross rent in Henderson County, Tennessee is $744 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Henderson County in 2020?
In 2020, the median gross rent in Henderson County, Tennessee was $674 per month.
What is the price-to-rent ratio in Henderson County, Tennessee?
The price-to-rent ratio in Henderson County, Tennessee is about 19.9, meaning it would take roughly 19.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Henderson County.
Are home prices or rent rising faster in Henderson County, Tennessee?
Both home prices and rent are rising in Henderson County, up about 4.2% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Henderson County, Tennessee?
61.7% of households in Henderson County, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Henderson County, Tennessee?
The housing vacancy rate in Henderson County, Tennessee is 15.8%, higher than the Tennessee average of 10.2%.
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