Hendersonville, NC—28791
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 $417,000, with a year-over-year change of -1.4%. This indicates that home prices in Hendersonville, NC are decreasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $417,000 | -1.4% |
| Single Family | $431,000 | -1.6% |
| Condos | $328,000 | -0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $319,000 | -3.3% |
3 Bed | $436,000 | -1.4% |
4 Bed | $596,000 | -1.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hendersonville, NC
As of July '25, Rentcast reports the average rent in Hendersonville, NC is $1,860, with a year-over-year rent change of -4.6%. Per bedroom, the median rent as of July '25 in Hendersonville, NC is 1-bedrooms: $1,100, 2-bedrooms: $1,730, 3-bedrooms: $2,140. The most common rental property sizes in Hendersonville, NC are 2-bedroom and 3-bedroom, accounting for 48.3% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,860 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $1,100 |
| 2 Bed Rent | $1,750 | $1,730 |
| 3 Bed Rent | $1,950 | $2,140 |
| 4 Bed Rent | N/A | N/A |
% 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 87. This is a increase of 81.0% 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 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $483,000 | -3.0% |
Listing Count | 143 | 54.0% |
| Listings as % of Homes | 0.8% | 54.0% |
Days on Market | 87 | 81.0% |
Demographics — Hendersonville, NC
As of the latest ACS Survey released in 2023, Hendersonville, NC has a population of 15,400, which has increased by 2.7% over the past 5 years. Hendersonville, NC is a moderately popular place for families, as children make up 16.3% of the population. The area has a highly educated workforce, with 45.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,400 | 2.7% |
% Under 18 | 16.3% | -1.8% |
% Seniors | 28.4% | -4.7% |
% WFH | 9.1% | 139.5% |
% w/ College Degree | 45.4% | 22.0% |
As of the latest ACS Survey released in 2023, Hendersonville, NC is a predominantly white area, with 82.6% of the population identifying as white. The white population has shrunk by 3.3% in the last 5 years. The second most common race or ethnicity in Hendersonville, NC is hispanic, making up 10.2% of the population. Foreign-born residents account for 7.9% of the population in Hendersonville, NC, and this percentage has increased by 38.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.6% | -3.3% |
% Black | 2.1% | -16.0% |
% Hispanic | 10.2% | 24.4% |
% Asian | 2.1% | 90.9% |
% Foreign Born | 7.9% | 38.6% |
Mortgage and Risk — Hendersonville, NC
According to HUD data as of 2023, there were 395 mortgage originations in Hendersonville, NC, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Hendersonville, NC. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 395 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Hendersonville, NC
Hendersonville, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 46 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $850 | $1,350 |
| 2 Bedroom | -$230 | $1,750 | $1,520 |
| 3 Bedroom | $0 | $1,950 | $1,950 |
| 4 Bedroom | N/A | N/A | $2,570 |
Affordability — Hendersonville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $417,000 |
| Median Household Income | $78,200 |