Henderson County Area Home Supply Charts

This page looks at a variety of Henderson County Tennessee housing market data taken from the most recent 2019 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Henderson County depicts it has a housing units of 12,963 which is in the mid point range of other counties in the local area.

Figure 2 illustrates the housing density in the Henderson County housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Henderson County depicts it has a housing density of 24.9 which is the second most housing densities of all the counties in the greater Henderson County region. The county with the highest housing density in the area is Madison County which depicts a density of 77.1 (approximately 3.1 times bigger). Comparing housing density to the United States average of 38.6, Henderson County is approximately three-fourths the size. Also, measured against the state of Tennessee, housing density of 70.9, Henderson County is approximately a third the size.

In Figure 4, Henderson County area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Henderson County shows it has a change in the housing units of 1.5% which is the third most housing units of all other counties in the greater Henderson County region. The county with the highest change in the housing units in the area is Madison County which shows a housing units of 2.6% (75.5% larger). Comparing change in the housing units to the United States average of 4.9%, Henderson County is approximately a third the size. Also, measured against the state of Tennessee, change in the housing units of 4.2%, Henderson County is approximately a third the size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Henderson County depicts it has a renter percent of 26.2% which is in the center range of other counties in the metro area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has an owner percent of 73.8% which is in the middle range of other counties in the surrounding region.

Henderson County Home Cost Charts

Looking at the housing data provided in Figure 7, the average Henderson County home price is illustrated for this community and a useful analysis of affordable housing. Henderson County indicates it has a median home price of $93,500 which is less than most other counties in the local area. The county with the highest median home price in the area is Madison County which depicts a home price of $127,100 (35.9% larger). Figure 8 provides aggregate comparative data for the Henderson County Tennessee metro area in terms of the median housing rental rate, apartment rent, etc. Henderson County shows it has a rental rates of $640 which is the third most rental rates of all other counties in the greater Henderson County region. The county with the highest rental rates in the area is Madison County which shows a rental rates of $851 (33.0% larger). Comparing rental rates to the United States average of $1,023, Henderson County is approximately three-fourths the size. Also, measured against the state of Tennessee, rental rates of $841, Henderson County is approximately three-fourths the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Henderson County has one of the largest proportions of home price worth less than $50,000 at 20% of the total and is ranked #3. Only #2 Carroll County (21%), and #1 Perry County (27%) are larger.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Henderson County shows it has a median ownership cost of $547 which is the third most median ownership cost of all other counties in the greater Henderson County region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Henderson County metro area. it has a cost as a percent of household income of 14% which is the smallest as measured by cost as a percent of household income of all the other counties in the area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Henderson County shows it has a median home value as a percent of median worker earnings of 250% which is in the middle range of other counties in the metropolitan area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Henderson County depicts it has a median housing cost of $934 which is in the mid range of other counties in the local area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a median housing cost of $331 which is the second most median housing cost of all the counties in the greater Henderson County region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Henderson County has the smallest proportion of owner cost between $3,000 and $3,500 at 0% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Henderson County shows it has a cost as a percent of household income of 18% which is the smallest in terms of cost as a percent of household income of all the other counties in the metropolitan area. The county with the highest cost as a percent of household income in the area is Perry County which shows a cost as a percent of household income of 24% (31.1% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Henderson County shows it has a cost as a percent of household income of 11% which is in the middle range of other counties in the local area. The county with the highest cost as a percent of household income in the area is Decatur County which shows a cost as a percent of household income of 11% (only about 2.8% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Henderson County has one of the largest proportions of rent as a percent of income is less than 10 pct at 6% of the total and is ranked #2. The only larger county being Decatur County with 7%. Second, it has the smallest proportion of rent as a percent of income is between 20pct to 30pct at 13% of the total. Third, it has the largest proportion of rent as a percent of income is between 40pct to 50pct at 11% of the total and is ranked #1. Also, it has the second smallest in terms of rent as a percent of income is less than 10 pct of all the other counties in the local area when ranked by rent as a percent of income is over 50pct at 20% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a median real estate taxes paid of $596 which is in the intermediate range of other counties in the local area. The county with the highest median real estate taxes paid in the area is Madison County which indicates a taxes paid of $950 (59.4% larger). Comparing median real estate taxes paid to the United States average of $2,375, Henderson County is approximately a quarter the size. Also, compared to the state of Tennessee, median real estate taxes paid of $1,153, Henderson County is approximately half the size.

Henderson County Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a family members per housing unit of 3.3 which is the largest of all counties in the metro area. Comparing family members per housing unit to the United States average of 3.3, Henderson County is about the same size. Also, in comparison with the state of Tennessee, family members per housing unit of 3.2, Henderson County is only about 3.0% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has an average number of rooms in a house of 5.5 which is the third most of all other counties in the greater region. The county with the highest average number of rooms in a house in the area is Madison County which shows an average number of rooms in a house of 5.8 (only about 5.5% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a year built of 1985 which is the third most of all other counties in the greater region. The county with the highest year built in the area is Chester County which shows a year built of 1989 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the smallest proportion of homes built in 2014 or later at 0% of the total. Second, it has the second smallest in terms of homes built in 2014 or later of all the other counties in the metro area when ranked by homes built between 2000 to 2009 at 12% of the total. Third, it has the largest proportion of homes built between 1990 to 1999 at 28% of the total and is ranked #1. Also, it has the second smallest when sorted by homes built in 2014 or later of all the other counties in the surrounding region in order of homes built between 1940 to 1949 at 2% of the total. In addition, it has the smallest proportion of homes built between 1939 or earlier at 4% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 7,880 of the total and is ranked #3. Only #2 Carroll County (8,057), and #1 Madison County (23,561) are larger. Second, it has one of the largest proportions of renter housing units at 2,791 of the total and is ranked #3. Only #2 Carroll County (3,005), and #1 Madison County (14,168) are larger.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has one of the largest proportions of mobile home at 25% of the total and is ranked #2. The only larger county being Perry County with 33%.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2014 or later less than most other counties in the surrounding region at $112,500 of the total. Second, it has in the mid range of other counties in the greater region in order of value of homes built 2010 to 2013 at $173,100 of the total. Third, it has in the mid range of other counties in the area when ranked by value of homes built 2000 to 2009 at $129,400 of the total. Also, it has the smallest proportion of value of homes built 1990 to 1999 at $98,000 of the total. In addition, it has less than most other counties in the greater region in order of value of homes built 1980 to 1989 at $85,900 of the total. Furthermore, it has the second smallest as measured by value of homes built 2014 or later of all the other counties in the metropolitan area in terms of value of homes built 1970 to 1979 at $89,600 of the total. Next it has the second smallest when sorted by value of homes built 2014 or later of all the other counties in the local area when ranked by value of homes built 1960 to 1969 at $84,800 of the total. Additionally, it has in the middle range of other counties in the local area when sorted by value of homes built 1950 to 1959 at $77,000 of the total. And then, it has in the mid range of other counties in the local area as measured by value of homes built 1940 to 1949 at $64,100 of the total. Also, it has less than most other counties in the local area when sorted by value of homes built 1939 or earlier at $73,300 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Henderson County residents. it has a homeowner household size of 2.6 which is at the top of all other counties in the greater Henderson County region.

Figure 37 shows the household size for renters. Henderson County shows it has a renter household size of 2.5 which is less than most other counties in the local area. The county with the highest renter household size in the area is Chester County which shows a renter household sizes of 2.8 (15.4% larger). Figure 39 shows the year that people who rent moved into the area. Henderson County has the percentage of renters moved in 2017 or later the second smallest in order of renters moved in 2017 or later of all the other counties in the greater region at 6% of the total. Second, it has in the intermediate range of other counties in the local area as measured by renters moved in 2015 to 2016 at 12% of the total. Third, it has one of the largest proportions of renters moved in 2010 to 2014 at 60% of the total and is ranked #3. Only #2 Decatur County (64%), and #1 Perry County (69%) are larger.

Figure 40 compares the median year that home owners moved into their home. it has a median year that a home owner moved in of 2001 which is less than most other counties in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of homes using natural gas at 59% of the total and is ranked #1. Second, it has the smallest proportion of home using bottled, tank, or lp gas at 4% of the total. Third, it has the smallest proportion of home using electricity at 35% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Henderson County housing department, Tennessee department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Henderson County shows it has a total people living in group quarters of 358 which is less than most other counties in the surrounding region.