Henderson, KY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Henderson, KY Housing Market Trends

With a population of 28,207, 12,039 total housing units (homes and apartments), and a median house value of $146,073, house prices in Henderson are solidly below the national average.

Single-family detached homes are the single most common housing type in Henderson, accounting for 54.21% of the city's housing units. Other types of housing that are prevalent in Henderson include large apartment complexes or high rise apartments ( 21.56%), duplexes, homes converted to apartments or other small apartment buildings ( 15.88%), and a few mobile homes or trailers ( 6.38%).

People in Henderson primarily live in small (one, two or no bedroom) single-family detached homes. Henderson has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Henderson built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Henderson built between 1940-1969 ( 26.63%). A lesser amount of the housing stock also hails from before 1939 ( 11.91%). There's also some housing in Henderson built between 2000 and later ( 11.12%).

Henderson Home Appreciation Rates

Real estate appreciation rates in Henderson's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.98% during the period.

NeighborhoodScout's data show that during the latest twelve months, Henderson's appreciation rate, at 6.72%, has been at or slightly above the national average. In the latest quarter, Henderson's appreciation rate has been 1.93%, which annualizes to a rate of 7.94%.

Relative to Kentucky, our data show that Henderson's latest annual appreciation rate is lower than 60% of the other cities and towns in Kentucky.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Henderson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Henderson - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Henderson real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$146,073

Henderson, KY HOME PRICES

> $1,154,000
0.2%
0.2%
$865,001 - $1,154,000
0.2%
0.2%
$577,001 - $865,000
0.4%
0.4%
$461,001 - $577,000
0.9%
0.9%
$346,001 - $461,000
3.3%
3.3%
$231,001 - $346,000
9.9%
9.9%
$115,001 - $231,000
42.2%
42.2%
$58,001 - $115,000
28.5%
28.5%
$0 - $58,000
14.4%
14.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for KY

Value Relative To Nation

Number Of Homes And Apartments:
12,039

Henderson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
55.26% 2.09%
4
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$869 / per month

Homeownership Rate

Owners
46.7%
46.7%
Renters
53.3%
53.3%
Vacant
9.6%
9.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.1%
11.1%
1970 - 1999
50.3%
50.3%
1940 - 1969
26.6%
26.6%
1939 or Older
11.9%
11.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
54.2%
54.2%
Townhomes
1.9%
1.9%
Small Apt. Buildings
15.9%
15.9%
Apt. Complexes
21.6%
21.6%
Mobile Homes
6.4%
6.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.2%
2.2%
1 Bedroom
16.5%
16.5%
2 Bedrooms
34.3%
34.3%
3 Bedrooms
37.0%
37.0%
4 Bedrooms
9.0%
9.0%
5 or more bedrooms
1.1%
1.1%
0.0% 100.0%
% OF HOMES