Hendersonville, NC—28792
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 $367,000, with a year-over-year change of -2.0%. 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 | $367,000 | -2.0% |
| Single Family | $376,000 | -2.6% |
| Condos | $278,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $291,000 | -3.0% |
3 Bed | $389,000 | -2.3% |
4 Bed | $516,000 | -2.6% |
| 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 $1,870, with a year-over-year rent change of -4.6%. Per bedroom, the median rent as of July '25 in Hendersonville, NC is studios: $1,230, 1-bedrooms: $1,420, 2-bedrooms: $1,730, 3-bedrooms: $2,300, 4-bedrooms: $2,320. The most common rental property sizes in Hendersonville, NC are 2-bedroom and 3-bedroom, accounting for 44.8% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,750 | $1,870 |
| Studio Rent | $1,100 | $1,230 |
| 1 Bed Rent | $1,400 | $1,420 |
| 2 Bed Rent | $1,680 | $1,730 |
| 3 Bed Rent | $2,300 | $2,300 |
| 4 Bed Rent | $2,150 | $2,320 |
% 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 75. This is a increase of 3.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $475,000 | -4.0% |
Listing Count | 270 | 58.0% |
| Listings as % of Homes | 0.6% | 58.0% |
Days on Market | 75 | 3.0% |
Demographics — Hendersonville, NC
As of the latest ACS Survey released in 2023, Hendersonville, NC has a population of 36,100, which has increased by 3.2% over the past 5 years. Hendersonville, NC is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 26.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,100 | 3.2% |
% Under 18 | 19.3% | -16.8% |
% Seniors | 24.2% | 9.0% |
% WFH | 7.3% | 46.0% |
% w/ College Degree | 26.4% | 3.1% |
As of the latest ACS Survey released in 2023, Hendersonville, NC is a predominantly white area, with 72.0% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Hendersonville, NC is hispanic, making up 20.4% of the population. Foreign-born residents account for 10.4% of the population in Hendersonville, NC, and this percentage has increased by 13.0% 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 | 72.0% | -2.7% |
% Black | 4.2% | -8.7% |
% Hispanic | 20.4% | 13.3% |
% Asian | 0.6% | -45.5% |
% Foreign Born | 10.4% | 13.0% |
Mortgage and Risk — Hendersonville, NC
According to HUD data as of 2023, there were 747 mortgage originations in Hendersonville, NC, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 23.0% above 90% LTV (very high). This implies large 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 | 747 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Hendersonville, NC
As of 2024, the percent of homes in Hendersonville, NC under the Section 8 program is 8.6%. 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Hendersonville, NC, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 564 |
Total Units Section 8 | 530 |
% Rentals under Section 8 | 8.6% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$50 | $1,400 | $1,350 |
| 2 Bedroom | -$160 | $1,680 | $1,520 |
| 3 Bedroom | -$350 | $2,300 | $1,950 |
| 4 Bedroom | $420 | $2,150 | $2,570 |
Affordability — Hendersonville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $367,000 |
| Median Household Income | $55,100 |