Henderson, TN—38340
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Henderson, TN
As of Oct '25, the median home price in Henderson, TN is $170,000, with a year-over-year change of -2.1%. This indicates that home prices in Henderson, TN are decreasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $170,000 | -2.1% |
| Single Family | $170,000 | -2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $233,000 | 1.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Henderson, TN
As of July '25, Rentcast reports the average rent in Henderson, TN is $1,150, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Henderson, TN is 2-bedrooms: $1,020, 3-bedrooms: $1,400. The most common rental property sizes in Henderson, TN are 2-bedroom and 3-bedroom, accounting for 51.7% and 34.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,150 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $1,020 |
| 3 Bed Rent | $1,400 | $1,400 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Henderson, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Henderson, TN is 63. This is a decrease of -35.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 44.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | -2.0% |
Listing Count | 59 | 24.0% |
| Listings as % of Homes | 0.7% | 24.0% |
Days on Market | 63 | -35.0% |
Demographics — Henderson, TN
As of the latest ACS Survey released in 2023, Henderson, TN has a population of 12,300, which has decreased by -4.6% over the past 5 years. Henderson, TN is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 20.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,300 | -4.6% |
% Under 18 | 22.6% | 8.1% |
% Seniors | 15.5% | -1.3% |
% WFH | 9.3% | 173.5% |
% w/ College Degree | 20.5% | 11.4% |
As of the latest ACS Survey released in 2023, Henderson, TN is a predominantly white area, with 78.3% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Henderson, TN is black, making up 13.9% of the population. Foreign-born residents account for 2.3% of the population in Henderson, TN, and this percentage has increased by 35.3% 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 | 78.3% | -4.6% |
% Black | 13.9% | 5.3% |
% Hispanic | 4.1% | 173.3% |
% Asian | 0.3% | -57.1% |
% Foreign Born | 2.3% | 35.3% |
Mortgage and Risk — Henderson, TN
According to HUD data as of 2023, there were 268 mortgage originations in Henderson, TN, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Henderson, TN. Investor activity is low, as 5.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 268 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Henderson, TN
Henderson, TN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 219 |
Total Units Section 8 | 219 |
% Rentals under Section 8 | 19.6% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | $180 | $850 | $1,030 |
| 3 Bedroom | $10 | $1,400 | $1,410 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Henderson, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $170,000 |
| Median Household Income | $61,500 |