Henderson, KY—42420
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Henderson, KY
As of Oct '25, the median home price in Henderson, KY is $192,000, with a year-over-year change of 2.7%. This indicates that home prices in Henderson, KY are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $192,000 | 2.7% |
| Single Family | $192,000 | 1.6% |
| Condos | $145,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $99,000 | -2.9% |
2 Bed | $111,000 | -1.8% |
3 Bed | $203,000 | 2.5% |
4 Bed | $292,000 | 3.9% |
| 5 Bed | $388,000 | 4.3% |
% of Housing Stock
Rental Trends — Henderson, KY
As of July '25, Rentcast reports the average rent in Henderson, KY is $726, with a year-over-year rent change of -15.6%. Per bedroom, the median rent as of July '25 in Henderson, KY is 1-bedrooms: $653, 2-bedrooms: $879, 3-bedrooms: $988. The most common rental property sizes in Henderson, KY are 2-bedroom and 3-bedroom, accounting for 43.1% and 26.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $670 | $726 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $653 |
| 2 Bed Rent | $875 | $879 |
| 3 Bed Rent | $975 | $988 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Henderson, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Henderson, KY is 40. This is a increase of 42.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $218,000 | 8.0% |
Listing Count | 105 | 25.0% |
| Listings as % of Homes | 0.2% | 25.0% |
Days on Market | 40 | 42.0% |
Demographics — Henderson, KY
As of the latest ACS Survey released in 2023, Henderson, KY has a population of 38,400, which has remained stable by 0.1% over the past 5 years. Henderson, KY is a moderately popular place for families, as children make up 23.4% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,400 | 0.1% |
% Under 18 | 23.4% | 2.6% |
% Seniors | 18.3% | 4.6% |
% WFH | 5.1% | 325.0% |
% w/ College Degree | 19.8% | 10.0% |
As of the latest ACS Survey released in 2023, Henderson, KY is a predominantly white area, with 83.4% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Henderson, KY is black, making up 7.6% of the population. Foreign-born residents account for 1.4% of the population in Henderson, KY, and this percentage has decreased by 6.7% 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 | 83.4% | -2.1% |
% Black | 7.6% | -5.0% |
% Hispanic | 3.7% | 32.1% |
% Asian | 0.3% | -40.0% |
% Foreign Born | 1.4% | -6.7% |
Mortgage and Risk — Henderson, KY
According to HUD data as of 2023, there were 752 mortgage originations in Henderson, KY, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Henderson, KY. Investor activity is low, as 8.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 752 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Henderson, KY
Henderson, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,543 |
Total Units Section 8 | 1,066 |
% Rentals under Section 8 | 16.9% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $650 | $770 |
| 2 Bedroom | $95 | $875 | $970 |
| 3 Bedroom | $255 | $975 | $1,230 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — Henderson, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $192,000 |
| Median Household Income | $56,700 |