Hendersonville, Tennessee Housing Market Prices
Hendersonville 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 76% above the Tennessee median$450,000
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Median rent 39% above the Tennessee median$1,654
Housing Market Overview
| Metric | Hendersonville | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $255,786 | $248,835 |
| Price Trend (Annual %) | 17.8% | 9.9% | 7.5% |
| Median Gross Rent | $1,654 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hendersonville is about 76% higher than in Tennessee. Rent is about 39% higher 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 Hendersonville, up about 17.8% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Hendersonville rose about 70.9% between 2015 and 2024, from $968 to $1,654. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Hendersonville.
Buying the median-priced home in Hendersonville costs roughly 22.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Hendersonville. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Hendersonville | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $450,000 | $255,786 | $248,835 |
| Median Household Income | $97,775 | $69,901 | $80,455 |
| Price-to-Income Ratio | 4.6 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hendersonville rose about 215.0%, while median household income rose about 52.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hendersonville | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.4% | 60.1% | 58.5% |
| Rental Rate | 27.5% | 29.7% | 31.2% |
| Vacancy Rate | 5.1% | 10.2% | 10.2% |
| Median Tenure (years) | 12.0 | 14.0 | 15.0 |
| Median Year Moved In | 2014 | 2012 | 2011 |
Hendersonville has a homeownership rate of 67.4%, higher than the Tennessee average of 60.1%. Its housing vacancy rate is 5.1%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Hendersonville | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1988 | 1986 | 1978 |
| Median Number of Rooms | 6.3 | 5.7 | 5.5 |
The typical housing unit in Hendersonville was built around 1988. On average, 2.5 people live in a home with about 6.3 rooms, staying for about 12.0 years on average.
Hendersonville, TN Housing Compared With Nearby Cities
How Hendersonville, TN compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hendersonville, TN | 57,282 | $450,000 #2/2 | $1,654 #2/2 | 71.1% #1/2 |
| Mount Juliet, TN | 30,009 | $478,872 | $1,955 | 71.1% |
Frequently Asked Questions
Common questions about the housing market in Hendersonville, Tennessee.
What is the median home price in Hendersonville, Tennessee?
The median home price in Hendersonville, Tennessee is $450,000, higher than the Tennessee average of $255,786.
What is the average home price in Hendersonville, Tennessee?
The typical home price in Hendersonville, Tennessee, reported as the median sale price, is $450,000. 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 Hendersonville, Tennessee?
The median gross rent in Hendersonville, Tennessee is $1,654 per month, higher than the Tennessee average of $1,188.
What was the median gross rent in Hendersonville in 2020?
In 2020, the median gross rent in Hendersonville, Tennessee was $1,172 per month.
What is the price-to-rent ratio in Hendersonville, Tennessee?
The price-to-rent ratio in Hendersonville, Tennessee is about 22.7, meaning it would take roughly 22.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Hendersonville.
Are home prices or rent rising faster in Hendersonville, Tennessee?
Both home prices and rent are rising in Hendersonville, up about 17.8% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hendersonville, Tennessee?
67.4% of households in Hendersonville, Tennessee own their home, higher than the Tennessee average of 60.1%.
What is the vacancy rate in Hendersonville, Tennessee?
The housing vacancy rate in Hendersonville, Tennessee is 5.1%, lower than the Tennessee average of 10.2%.
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