Hendersonville, TN—37075
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hendersonville, TN
As of Oct '25, the median home price in Hendersonville, TN is $508,000, with a year-over-year change of 0.5%. This indicates that home prices in Hendersonville, TN are flat. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $508,000 | 0.5% |
| Single Family | $514,000 | 0.6% |
| Condos | $264,000 | -0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $336,000 | -0.3% |
3 Bed | $443,000 | -0.2% |
4 Bed | $632,000 | 0.3% |
| 5 Bed | $732,000 | 1.2% |
% of Housing Stock
Rental Trends — Hendersonville, TN
As of July '25, Rentcast reports the average rent in Hendersonville, TN is $2,300, with a year-over-year rent change of -3.8%. Per bedroom, the median rent as of July '25 in Hendersonville, TN is studios: $2,170, 1-bedrooms: $1,320, 2-bedrooms: $1,620, 3-bedrooms: $2,330, 4-bedrooms: $3,040. The most common rental property sizes in Hendersonville, TN are 2-bedroom and 1-bedroom, accounting for 38.2% and 26.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,320 | $2,300 |
| Studio Rent | $1,050 | $2,170 |
| 1 Bed Rent | $1,300 | $1,320 |
| 2 Bed Rent | $1,450 | $1,620 |
| 3 Bed Rent | $2,350 | $2,330 |
| 4 Bed Rent | $2,910 | $3,040 |
% of Rental Stock
Property Listings — Hendersonville, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Hendersonville, TN is 52. This is a increase of 17.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $581,000 | 3.0% |
Listing Count | 443 | 18.0% |
| Listings as % of Homes | 0.8% | 18.0% |
Days on Market | 52 | 17.0% |
Demographics — Hendersonville, TN
As of the latest ACS Survey released in 2023, Hendersonville, TN has a population of 72,500, which has increased by 11.4% over the past 5 years. Hendersonville, TN is a moderately popular place for families, as children make up 22.7% of the population. The area has a moderately educated workforce, with 42.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 72,500 | 11.4% |
% Under 18 | 22.7% | -6.6% |
% Seniors | 15.6% | 7.6% |
% WFH | 17.6% | 208.8% |
% w/ College Degree | 42.1% | 17.3% |
As of the latest ACS Survey released in 2023, Hendersonville, TN is a predominantly white area, with 82.0% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Hendersonville, TN is black, making up 7.9% of the population. Foreign-born residents account for 4.7% of the population in Hendersonville, TN, and this percentage has increased by 6.8% 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 | 82.0% | -3.6% |
% Black | 7.9% | 0.0% |
% Hispanic | 5.6% | 64.7% |
% Asian | 2.4% | 41.2% |
% Foreign Born | 4.7% | 6.8% |
Mortgage and Risk — Hendersonville, TN
According to HUD data as of 2023, there were 1795 mortgage originations in Hendersonville, TN, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Hendersonville, TN. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,795 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Hendersonville, TN
As of 2024, the percent of homes in Hendersonville, TN under the Section 8 program is 4.7%. 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. In Hendersonville, TN, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 416 |
Total Units Section 8 | 361 |
% Rentals under Section 8 | 4.7% |
% Occupied Section 8 | 89.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $410 | $1,300 | $1,710 |
| 2 Bedroom | $440 | $1,450 | $1,890 |
| 3 Bedroom | $40 | $2,350 | $2,390 |
| 4 Bedroom | $30 | $2,910 | $2,940 |
Affordability — Hendersonville, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $508,000 |
| Median Household Income | $97,600 |