Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Henderson County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $262,697 | $248,418 | $242,182 |
| Price Trend (Annual %) | 15.4% | 9.9% | 8.2% |
| Median Gross Rent | $977 | $1,338 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Henderson County is about 6% higher than in Texas. Rent is about 27% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Henderson County, up about 15.4% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Henderson County rose about 30.7% between 2015 and 2023, from $748 to $977. Over the same span, rent in Texas rose about 51.9%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Henderson County.
Buying the median-priced home in Henderson County costs roughly 22.4 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 Henderson County. The price-to-rent ratio in Texas is about 15.5.
| Metric | Henderson County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $262,697 | $248,418 | $242,182 |
| Median Household Income | $63,916 | $76,510 | $78,145 |
| Price-to-Income Ratio | 4.1 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Henderson County rose about 119.9%, while median household income rose about 66.6% between 2009 and 2023 — 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 | Henderson County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.3% | 56.5% | 58.2% |
| Rental Rate | 18.5% | 33.8% | 31.3% |
| Vacancy Rate | 21.2% | 9.6% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Henderson County has a homeownership rate of 60.3%, higher than the Texas average of 56.5%. Its housing vacancy rate is 21.2%, compared with 9.6% in Texas.
Housing Stock
| Metric | Henderson County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.70 people | 2.54 people |
| Median Structure Built Year | 1989 | 1989 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Henderson County was built around 1989. On average, 2.5 people live in a home with about 5.3 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Henderson County, Texas.
What is the median home price in Henderson County, Texas?
The median home price in Henderson County, Texas is $262,697, higher than the Texas average of $248,418.
What is the average home price in Henderson County, Texas?
The typical home price in %s, reported as the median sale price, is %s. 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, Texas?
The median gross rent in Henderson County, Texas is $977 per month, lower than the Texas average of $1,338.
What was the median gross rent in Henderson County in 2020?
In 2020, the median gross rent in Henderson County, Texas was $803 per month.
What is the price-to-rent ratio in Henderson County, Texas?
The price-to-rent ratio in Henderson County, Texas is about 22.4, meaning it would take roughly 22.4 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 Henderson County.
Are home prices or rent rising faster in Henderson County, Texas?
Both home prices and rent are rising in Henderson County, up about 15.4% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Henderson County, Texas?
60.3% of households in Henderson County, Texas own their home, higher than the Texas average of 56.5%.
What is the vacancy rate in Henderson County, Texas?
The housing vacancy rate in Henderson County, Texas is 21.2%, higher than the Texas average of 9.6%.