Hendersonville, NC—28739
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hendersonville, NC
As of Oct '25, the median home price in Hendersonville, NC is $453,000, with a year-over-year change of -2.8%. This indicates that home prices in Hendersonville, NC are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $453,000 | -2.8% |
| Single Family | $469,000 | -3.1% |
| Condos | $301,000 | -3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $232,000 | -9.7% |
2 Bed | $314,000 | -5.4% |
3 Bed | $475,000 | -2.9% |
4 Bed | $717,000 | -1.2% |
| 5 Bed | $906,000 | -0.9% |
% of Housing Stock
Rental Trends — Hendersonville, NC
As of July '25, Rentcast reports the average rent in Hendersonville, NC is $1,880, with a year-over-year rent change of -13.4%. Per bedroom, the median rent as of July '25 in Hendersonville, NC is studios: $895, 1-bedrooms: $1,350, 2-bedrooms: $1,690, 3-bedrooms: $2,210, 4-bedrooms: $4,380. The most common rental property sizes in Hendersonville, NC are 2-bedroom and 3-bedroom, accounting for 48.5% and 24.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,880 |
| Studio Rent | $895 | $895 |
| 1 Bed Rent | $1,250 | $1,350 |
| 2 Bed Rent | $1,600 | $1,690 |
| 3 Bed Rent | $2,000 | $2,210 |
| 4 Bed Rent | $4,200 | $4,380 |
% of Rental Stock
Property Listings — Hendersonville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Hendersonville, NC is 80. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $594,000 | 8.0% |
Listing Count | 281 | 56.0% |
| Listings as % of Homes | 1.0% | 56.0% |
Days on Market | 80 | 26.0% |
Demographics — Hendersonville, NC
As of the latest ACS Survey released in 2023, Hendersonville, NC has a population of 20,700, which has decreased by -3.8% over the past 5 years. Hendersonville, NC is a moderately popular place for families, as children make up 17.9% of the population. The area has a moderately educated workforce, with 43.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,700 | -3.8% |
% Under 18 | 17.9% | 15.5% |
% Seniors | 31.7% | -3.6% |
% WFH | 12.5% | 40.4% |
% w/ College Degree | 43.9% | 19.0% |
As of the latest ACS Survey released in 2023, Hendersonville, NC is a predominantly white area, with 86.1% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Hendersonville, NC is hispanic, making up 7.2% of the population. Foreign-born residents account for 4.5% of the population in Hendersonville, NC, and this percentage has decreased by 16.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.1% | -1.1% |
% Black | 3.7% | 94.7% |
% Hispanic | 7.2% | 14.3% |
% Asian | 1.0% | 25.0% |
% Foreign Born | 4.5% | -16.7% |
Mortgage and Risk — Hendersonville, NC
According to HUD data as of 2023, there were 380 mortgage originations in Hendersonville, NC, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Hendersonville, NC. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 380 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Hendersonville, NC
As of 2024, the percent of homes in Hendersonville, NC under the Section 8 program is 8.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Hendersonville, NC, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 199 |
Total Units Section 8 | 200 |
% Rentals under Section 8 | 8.9% |
% Occupied Section 8 | 84.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,250 | $1,350 |
| 2 Bedroom | -$80 | $1,600 | $1,520 |
| 3 Bedroom | -$50 | $2,000 | $1,950 |
| 4 Bedroom | -$1,630 | $4,200 | $2,570 |
Affordability — Hendersonville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $453,000 |
| Median Household Income | $70,500 |